Target News Now

07/25/2011 - 16:53

American consumers may not like inflation, but retailers are enjoying the favorable impact rising prices have on their same-store sales calculations. It was evident last month when retailers reported healthy comp increases, and more of the same could be in store for July as it appears retailers are effectively passing through increased prices to shoppers.

07/25/2011 - 16:20

If consumers can be trusted to accurately describe their spending intentions well in advance of when they actually incur expenses then this year’s back-to-school season will be weaker than last year’s. The National Retail Federation’s annual BTS survey got a lot of attention when it was released last week because consumer data compiled by the trade group forecast a decline in spending. According to the 2011 version of the survey conducted by BIGresearch, families with children in grades K through12 will spend an average of $603 on apparel, school supplies and electronics compared with last year’s average of $606, while college shoppers are expected to spend an average of $808, well below last year’s average of $835. Combined spending by K through 12 and college kids is expected to total $68.8 billion.

07/25/2011 - 16:14

Target and Macy’s get the nod from Citigroup retail analyst Deb Weinswig as top picks to fare well this back-to-school season.

07/25/2011 - 15:52

Appearing at number 21 on this year’s ranking of the 50 most powerful people in the food industry is Target chairman, president and CEO Gregg Steinhafel. Compiled by Supermarket News, Steinhafel is probably ranked about where he should be considering the company’s position in the hierarchy of food retailers and other people in positions of power whose actions influence impacts the food universe. Click here to view the list.

07/25/2011 - 15:31

Here’s a good idea for retailers looking to bring a sense of newness and a treasure hunt atmosphere to stores.

07/25/2011 - 15:24

Target shoppers at a store in Van Nuys, Calif. were surprised, and briefly inconvenienced, when a flash mob assembled by season nine American Idol contestant Todrick Hall took over the front end of the store and blocked access to check-out stands.

07/25/2011 - 13:54

It’s a good thing Target is preparing a major relaunch of its digital platform considering traffic to the company’s website has decelerated this year, according to online measurement firm comScore, which publishes a monthly list of the top 50 U.S. Web properties.

07/22/2011 - 12:46

Target, Kohl's and JCPenney ranked highest among discounters in consumer perception in the first half of 2011, according to YouGov BrandIndex.

07/18/2011 - 17:00

Shares of Target may hit $100 six or seven years from now, but looking ahead to next year Morgan Stanley analyst Mark Wiltamuth believes the stock should be trading at $64. He recently initiated coverage of the company with a “buy” rating and, like some other analysts, believes investors may be seeing a once-in-a-generation opportunity to purchase shares at valuation levels depressed by uncertainty around the company’s entry into Canada.

© 2014 Retailing Today. All Rights Reserved.