The first Target stores in Canada won’t open until 2013, but the company recently announced it retained MDC Partners to lead the development of its overall marketing efforts. According to the company, the MDC integrated team is being led by kbs+p Canada and Veritas Communications, along with support from Northstar Research Partners and BOOM! Marketing.
Last week Janney Montgomery Scott analyst David Strasser downgraded shares of Target to neutral from buy. He offer a litany of things that could go wrong with the Target story, which were subsequently refuted by someone named Will Ashworth on the website “Investopedia.”
Janney Montgomery Scott analyst David Strasser downgraded shares of Target to neutral from buy on Monday. In doing so he cited some familiar concerns about the challenging competitive environment, rising input costs and anticipated difficulties passing through price increases to cash-strapped shoppers thereby negatively affecting gross margins.
Italian luxury brand Missoni hits target stores this fall (Sept. 13 to Oct. 22) and like a lot of the edgier designer exclusives the retailer brings into its stores you have to wonder about the degree of brand awareness among the Target faithful.
During a question-and-answer style interview in Monday’s USA Today, Target chairman, president and CEO Gregg Steinhafel shared his thoughts on a wide range of topics including Walmart, inflation, designers and competition.