Content about Target

April 25, 2011

Call it “the attack of the coupon-crazed shelf sweepers.” It’s the most aggressive form of bargain hunting by consumers willing to spend hours searching out coupon deals, to stock up with enough product to last their families for a year and to turn their homes into veritable warehouses.


Call it “the attack of the coupon-crazed shelf sweepers.” It’s the most aggressive form of bargain hunting by consumers willing to spend hours searching out coupon deals, to stock up with enough product to last their families for a year and to turn their homes into veritable warehouses.


April 25, 2011

Target is branching out.


Buoyed by surging profits and customer satisfaction scores, the Minneapolis-based giant is reaching into Canada, preparing a new small-store format for urban areas and going after a bigger share of the nation’s grocery dollar. Target also is spending billions on store renovations, aggressively leveraging a new loyalty card program and growing its commitment to health at its pharmacies and in-store clinics.


April 25, 2011

Target is encouraging customers to direct their sights toward its in-store pharmacies with its “Ask Us” campaign. The campaign includes signage located throughout the store designed to direct shoppers to seek information from pharmacists about everything from allergies to generic discounts, promoting Target’s pharmacists as experts on medicines.


The signage includes floor graphics in the aisles leading to the pharmacy counter, signs hanging from ceilings and placards posted on endcaps. 


April 19, 2011

Target said that its in-store recycling stations collected and recycled more than 170 million shopping bags, weighing more than 1,800 tons, between April and December 2010.

MINNEAPOLIS — Target said that its in-store recycling stations collected and recycled more than 170 million shopping bags, weighing more than 1,800 tons, between April and December 2010.

The retailer also said that its in-store recycling stations, which were launched to make it easier for guests to recycle common household items, also collected and recycled more than 700 tons of bottles and cans, as well as nearly 2 million units of such small electronics as MP3 players and cell phones during the nine-month period.

April 13, 2011

Target expects sales from its upcoming Canadian stores to total more than $6 billion by 2017, Dow Jones reported.

NEW YORK — Target expects sales from its upcoming Canadian stores to total more than $6 billion by 2017, Dow Jones reported.

Speaking to Wall Street analysts, CFO Douglas Scovanner said Tuesday that Target expects to have more than 200 stores in Canada within the next five to 10 years, with the stores generating about $6 billion Canadian ($6.27 billion in U.S. dollars based on Tuesday’s exchange rate).

Target’s initial group of stores will open through the chain’s purchase in January of up to 220 leases held by Hudson's Bay Co.'s Zellers stores.

April 8, 2011

Target once again has taken the top spot as the retailer with the strongest consumer brand equity, according to the latest Harris poll.

NEW YORK — Target once again has taken the top spot as the retailer with the strongest consumer brand equity, according to the latest Harris poll.

This marked the second consecutive year Target has led the way in the "value retail" category, with an increasing gap noted between the company and runner-up Walmart, according to the "2011 Harris Poll EquiTrend" study. Target led the way with a ranking of 74.1, while Walmart had a ranking of 70.8. The industry average in the value retail category was 67.3.

April 7, 2011

Target's March sales dropped 4.5% to $5.95 billion, compared with the year-ago period.

MINNEAPOLIS — Target's March sales dropped 4.5% to $5.95 billion, compared with the year-ago period.

The retailer also disclosed that comparable-store sales for the five weeks dropped 5.5%, which was in line with expectations, as they reflected the later timing of the Easter holiday, according to the company's chairman, president and CEO, Gregg Steinhafel.

"Our stores are well-prepared for the upcoming Easter season, and we continue to expect a mid-teens increase in Target's April comparable-store sales," Steinhafel noted.

April 4, 2011

Retailers rank among the highest for their customer service, according to a new report by the Temkin Group.

NEW YORK — Retailers rank among the highest for their customer service, according to a new report by the Temkin Group.

The consulting and research firm analyzed responses from 6,000 consumers, found that Amazon.com ranked No. 1 for providing an "excellent" customer experience, coming in with a ranking of 81.3%. A business qualifies for an "excellent" rating when their score is 80% or higher, Temkin said.

April 1, 2011

Some of the nation's most popular retailers earned a spot on Interbrand's annual ranking of the 50 most valuable U.S. retail brands.

NEW YORK — Some of the nation's most popular retailers earned a spot on Interbrand's annual ranking of the 50 most valuable U.S. retail brands.

Walmart topped the list, with Target coming in the No. 2 spot, while CVS/pharmacy, Walgreens and Sam's Club respectively earned the fifth, sixth and seventh spots.

Other retailers on the list included Publix, Dollar General, Costco, Whole Foods and Family Dollar.

March 30, 2011

Target announced that as part of its Earth Month celebration, it is offering customers the chance to win a "Refresh Your Nest" home makeover worth up to $50,000 with the help of LEED-accredited designer Sabrina Soto, as well as hundreds of other sustainable prizes.

MINNEAPOLIS — Target announced that as part of its Earth Month celebration, it is offering customers the chance to win a "Refresh Your Nest" home makeover worth up to $50,000 with the help of LEED-accredited designer Sabrina Soto, as well as hundreds of other sustainable prizes.

Guests can log on to Target.com/Eco to enter the sweepstakes.

March 30, 2011

Target announced plans to remodel several stores in the Charlotte, N.C., area.

MINNEAPOLIS — Target announced plans to remodel several stores in the Charlotte, N.C., area.

According to the company, the remodeling began March 27 and includes such features as an open-market fresh food layout, complete with a selection of fresh produce, fresh meat and baked goods. The new layout also features reinventions in several other areas throughout the store, including beauty, home, baby and shoes.

March 22, 2011

Target's deal with Lady Gaga may have fallen through, but that doesn't mean the retailer has lost its ability to court the music industry.

MINNEAPOLIS — Target's deal with Lady Gaga may have fallen through, but that doesn't mean the retailer has lost its ability to court the music industry.

Case in point, the company announced Monday that it is partnering with Grammy and Academy Award-winning singer and actress Jennifer Hudson for the exclusive, deluxe edition of her second studio album, "I Remember Me." The deluxe edition, including four additional new songs and bonus video material, will be available only at Target stores nationwide and on Target.com beginning March 22.

March 18, 2011

Target has made a donation to Save the Children to assist with Japan’s earthquake and tsunami relief efforts.

MINNEAPOLIS — Target has made a donation to Save the Children to assist with Japan’s earthquake and tsunami relief efforts.

The retailer said it has donated $500,000 to the cause.

Target said it encourages shoppers and team members to visit the Save the Children website to learn more about how they can help victims of the earthquake and tsunami.

March 17, 2011

Target has made the Ethisphere Institute’s World’s Most Ethical Companies for 2011 list, the retail chain said Thursday.

MINNEAPOLIS — Target has made the Ethisphere Institute’s World’s Most Ethical Companies for 2011 list, the retail chain said Thursday.

Target said the institute, an international business ethics organization, honored Target for business practices and initiatives that benefit the community. This is the fifth consecutive year in which the company has won the award.

March 15, 2011

Alba Botanica, whose products are available at CVS, Target, Whole Foods and natural food stores, has revamped its Advanced line, which now is known as Natural Even Advanced.

MELVILLE, N.Y. — Alba Botanica, whose products are available at CVS, Target, Whole Foods and natural food stores, has revamped its Advanced line, which now is known as Natural Even Advanced.

The enhanced collection boasts eight reformulated and repackaged skin care products that target uneven pigmentation to improve the appearance of skin's clarity and tone for radiant-looking skin.

March 10, 2011

Pop singer Lady Gaga has dissolved her partnership with mass merchandiser Target, according to published reports.

MINNEAPOLIS — Pop singer Lady Gaga has dissolved her partnership with mass merchandiser Target, according to published reports.

Last month, Lady Gaga, whose real name is Stefani Germanotta, teamed up with Target to promote her latest album, “Born This Way,” selling an exclusive special edition of it through the retailer.

March 9, 2011

Target Clinic is slated to open eight new locations in three markets.

MINNEAPOLIS — Target Clinic is slated to open eight new locations in three markets.

The clinics will open in Target stores in the Twin Cities, Chicago and Ft. Lauderdale-Davie areas by the end of July, bringing the total clinic count to 44. The first new Target Clinic location opened March 2 in Minnesota.

Target said expanding its clinic business will increase access to healthcare services.

March 3, 2011

February same-store sales at Target advanced 1.8%, thanks to the addition of fresh food and consumables that are part of an aggressive remodeling program causing more people to shop its stores.

MINNEAPOLIS — February same-store sales at Target advanced 1.8%, thanks to the addition of fresh food and consumables that are part of an aggressive remodeling program causing more people to shop its stores.

The company said more than half of its February same-store sales gain were driven by an increase in transactions combined with a small increase in the average transaction size. The 1.8% gain comes on top of a 2.4% increase in February 2010.

March 2, 2011

Apna International has launched at Target a new fragrance collection called Tattooed By Inky, which features fragrances for both men and women.

MINNEAPOLIS — Apna International has launched at Target a new fragrance collection called Tattooed By Inky, which features fragrances for both men and women.

The collection of body sprays is geared toward a young and trendy audience. The Tattooed By Inky collection features five scents — two for men, two for women and one unisex.

The body sprays are priced at $5.99 each and include:

  • Monkey Business (male), which has a blend of leather, lavender, pepper and sandalwood;

February 28, 2011

Procter & Gamble is letting Target customers know that great things come in small packages as it launches new Tide and Gain compacted powder laundry detergents.

CINCINNATI — Procter & Gamble is letting Target customers know that great things come in small packages as it launches new Tide and Gain compacted powder laundry detergents.

The compacted Tide and Gain detergents, which offer the same number of loads in a smaller box, could save up to 22 million lbs. of total packaging in the United States and Canada each year, P&G said. The company said that in addition to the Tide and Gain launch at Target, P&G also will introduce compacted formulas for Cheer, Dreft and Ivory Snow.

February 24, 2011

Fourth-quarter earnings per share at Target advanced 17% to $1.45, compared with $1.24 the prior year, thanks to a seven-cent-per-share tax benefit.

MINNEAPOLIS — Fourth-quarter earnings per share at Target advanced 17% to $1.45, compared with $1.24 the prior year, thanks to a seven-cent-per-share tax benefit.

Quarterly profits were slightly more than $1 billion, compared with $936 million the prior year. Fourth-quarter sales increased 2.8% to $20.3 billion, compared with $19.7 billion in the prior year, and were aided by a 2.4% increase in same-store sales.

February 18, 2011

Mass merchandiser Target has changed its political donation policies following a controversy that erupted last year over a donation to a socially conservative political group, according to published reports.

MINNEAPOLIS — Mass merchandiser Target has changed its political donation policies following a controversy that erupted last year over a donation to a socially conservative political group, according to published reports.

The Washington Blade, a gay and lesbian newspaper, reported Thursday that Target had formed a policy committee comprising senior executives that would direct political giving.

February 16, 2011

Another Target store is coming to downtown Chicago, as the retailer disclosed it would open a small-format store under the new CityTarget banner in the Sullivan Center at South State Street and Madison Street.

MINNEAPOLIS — Another Target store is coming to downtown Chicago, as the retailer disclosed it would open a small-format store under the new CityTarget banner in the Sullivan Center at South State Street and Madison Street.

February 15, 2011

Pop singer Lady Gaga has partnered with mass merchandise retailer Target to allow customers to pre-order a deluxe edition of her new album, “Born This Way.” Customers can order the album through Target and download the title track for free at Target.com/Gaga until Feb. 26.

MINNEAPOLIS — Pop singer Lady Gaga has partnered with mass merchandise retailer Target to allow customers to pre-order a deluxe edition of her new album, “Born This Way.” Customers can order the album through Target and download the title track for free at Target.com/Gaga until Feb. 26.

February 3, 2011

Target said that although its comparable-store sales were below expectations in the South and Northeast, the company believes overall sales will be driven by two of its recent initiatives.

MINNEAPOLIS — Target said that although its comparable-store sales were below expectations in the South and Northeast, the company believes overall sales will be driven by two of its recent initiatives.

Target chairman, president and CEO, Gregg Steinhafel, said that while the company "expects the economy to remain challenging, Target's PFresh remodel program and REDcard Rewards 5% savings program continue to operate in line with expectations."