Tag Archives: Target

Target Q4 Comps Projected to Decline; Provides Update on Data Breach


MINNEAPOLIS-Target said it now expects fourth-quarter same-store sales to fall 2.5 percent, and added that it is continuing its investigation of the data breach of customer payment information. The retailer said its comparable-store estimate is based on what proved to be stronger-than-expected fourth-quarter sales prior to its announcement of the data breach on Dec. 19,More »

(Selling) Home for the Holidays


If the consumer press was any indication, the universe almost ended. More precisely, the civilized world as we know it could have come to a crashing halt on Thanksgiving Day. That’s when the Scrooge-like retailers such as … well, pretty much every single retailer of note—opened for business. Macy’s suffered an unfair share of theMore »

Target Q3 Net Drops 46.5 Percent


MINNEAPOLIS-Increased costs and reduced margins slammed Target’s bottom line in its third quarter. Net income was down 46.5 percent, to $341 million, in the quarter which ended on Nov. 2. Selling, general and administrative expenses were up 4 percent in dollars, although as a percentage of sales they were essentially flat with last year’s thirdMore »

Target Launches “My Kind of Holiday” Campaign


MINNEAPOLIS-Target has unveiled a marketing campaign called “My Kind of Holiday,” which will extend across broadcast, radio, in-store catalogs, digital and social media. The campaign includes an extended Holiday Price Match policy, a new store pickup program, social-media integrations and what the retailer termed “top gifts” for the family in its statement about the program.More »

Target Net Drops 13.2 Percent in Q2


MINNEAPOLIS-Sales that were less than expected and reduced margins sliced Target’s second-quarter net income down 13.2 percent, to $611 million. Net sales in the quarter, which ended on Aug. 3, rose 4 percent to $17.1 billion, including a 1.2 percent gain in U.S. same-store sales. Gross margin registered 31.4 percent, down 129 basis points fromMore »

Target to Open 20 Additional Canadian Stores


MISSISSAUGA, Ontario-Target has slated the opening of 20 additional stores across Canada from July 16-30. The new stores will push Target’s Canadian store count to 68, past the halfway point of the retailer’s goal to open 124 Canadian locations in 2013. The new locations include two in British Columbia, two in Alberta, three in SaskatchewanMore »

Target Founder Dayton Passes

Douglas Dayton

MINNEAPOLIS-Douglas Dayton, Target’s founder and first president, has died. He was 88. Dayton was a grandson of George D. Dayton, first president of the company that ultimately became Dayton-Hudson; and one of four sons of George N. Dayton, all of whom worked in executive positions for Dayton-Hudson. According to an obituary written by the DaytonMore »

Target Tabs Former Interior Secretary Salazar for Board

Kenneth Salazar

Kenneth Salazar, former U.S. secretary of the interior, has been named to Target’s board of directors, effective immediately. Salazar served as secretary of the interior in President Barack Obama’s first administration, taking office in January 2009 and leaving this past April. He recently joined the international law firm of WilmerHale, to open the firm’s officeMore »