Tag Archives: Target

Jacob, Target CIO, Resigns

Beth Jacob

MINNEAPOLIS-In the wake of the company’s efforts to resolve the breach into millions of customers’ credit-card information, Beth Jacob, Target’s executive vice president of technology services and chief information officer, has resigned, effective yesterday. A statement sent by the retailer to HFN, from Gregg Steinhafel, chairman, president and CEO, said Target will begin an externalMore »

Target to Open Nine More Canadian Stores

Target

MISSISSAUGA, Ontario-Target said it will continue its expansion into Canada this year with the opening of nine stores in addition to the 124 it has already opened north of the border. This spring, the mass merchant will open three stores, one each in Ontario, Alberta and British Columbia. In summer, two stores will open inMore »

Hudson’s Bay Names Former Target CFO Scovanner to Head Finance

Hudson’s Bay

TORONTO-Doug Scovanner, a former executive with Target, has been named interim executive vice president of finance and accounting for Hudson’s Bay Co. Scovanner has assumed responsibility for the retail company’s financial planning, asset protection and accounting functions. Richard Baker, Hudson’s Bay governor and CEO, cited Scovanner’s “broad background” in finance, and added that Scovanner hasMore »

Jerry’s Kids

Duke_Ratliff

I loved the old Jerry Lewis movies when I was a child (not so much as an adult). Mostly forgotten, one of the films featured Lewis slapsticking and mugging his way through his duties as an employee at the fictional Tuttle Department Store. The movie was called “Who’s Minding the Store?”, a phrase that hasMore »

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

Target

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

Duke_Ratliff

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

Target

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

Target

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 »