Tag Archives: Target

Great Expectations

Duke_Ratliff

Pity the home furnishings industry exec on a long summer vacation—he or she will return to work with a whole new landscape of retail leaders. For those keeping score at home (along with the imaginary, anachronistic exec who could actually take vacation all summer), here’s a brief rundown on the recent CEO shuffle: Target namedMore »

Target Q2 Net Falls 61.7 Percent

Target, Facebook Align for Cartwheel App

MINNEAPOLIS-Target’s second-quarter net income plummeted by 61.7 percent to $234 million, as the retailer continues to struggle with its operations and the expenses related to the breach of data from shoppers’ payment cards which occurred in December. During the quarter, which ended on Aug. 2, Target incurred breach-related expenses of $148 million, including an increaseMore »

Target Data-Breach Expenses Expected to Total $148 Million in Q2

Target

MINNEAPOLIS-In a preliminary statement about its second-quarter financial results, Target said it expects those results to include gross expenses of $148 million related to the December 2013 breach of data about shoppers’ payment cards and other information. These costs will be partially offset by a $38 million insurance receivable, also related to the data breach,More »

Target Opens Three New Stores in Canada

Target

MISSISSAUGA, Ontario-Target has opened three new stores in Canada, located in Erin Mills Town Centre here; Park Place in Barrie, Ontario; and Carrefour Candiac in Candiac, Quebec. The grand openings for the new sites took place last Friday, Aug. 1. Each store carries an extensive range of Target-owned and exclusive brands, along with limited-time collaborationsMore »

Target Tabs PepsiCo’s Cornell as New Chief

Brian Cornell

MINNEAPOLIS-Target has named Brian Cornell, former CEO of PepsiCo Americas Foods, as its new chairman and CEO, succeeding Gregg Steinhafel, who left the mass merchant in May. Cornell will assume his new post on Aug. 12. According to a Target statement, his first priorities will be “accelerating the company’s performance and advancing Target’s omnichannel evolution.”More »

Balta U.S. Names Papa National Accounts Manager

Balta U.S.

DALTON, Ga.–Industry veteran Chris Papa has joined Balta U.S. as national accounts manager. Papa will be based out of his office in Minnesota. With more than 30 years of experience in home fashions, Papa has worked as senior bath buyer for both J.C. Penney and Target and as divisional merchandise manager for the bath forMore »

Target to Run YouTube Series on Dorm Decorating

Todrick Hall

MINNEAPOLIS-Target is aligning with four YouTube performers and Veronica Valencia, founder of Design Hunter L.A., to produce a YouTube video series that will provide tips for college students on designing their dorm or off-campus living spaces. YouTube stars Todrick Hall, Mikey bolts, Tiffany Garcia and Ann Le will each host the four-episode series, titled “BestMore »

Target Tabs Maiorino to Oversee Information Security

Brad Maiorino

MINNEAPOLIS-Brad Maiorino has been named senior vice president and chief information security officer at Target, a newly created position. The appointment will take effect on June 16. Maiorino will be responsible for the retailer’s information security and technology-risk strategy, in an effort to protect customers and Target team members from internal and external information securityMore »