Target News Now

06/06/2011 - 17:34

It’s the time of year when retailers engage in the annual Dads and Grads promotional extravaganza, and Target is promoting the Apple iPad at $499 as a gift-giving solution.

06/06/2011 - 17:12

A lot of companies are content to conduct their annual meetings in a hotel ballroom near their headquarters, but not Target. This year the retailer and its senior executives are schlepping east to Pittsburgh where the company’s annual meeting will be held on Wednesday, June 8 at 1:30 p.m. at a store located about five miles east of downtown Pittsburgh at 6231 Penn Avenue. According to the company, “This location allows us to showcase our current general merchandise store design in the latter stages of construction prior to opening.”

06/06/2011 - 16:41

Target isn’t off to a great start in the second quarter- with a same store sale increase of 2.8% that was toward the low end of the company’s guidance range that called for a low to mid-single digit increase. The company also fell short of its comp guidance in April.

06/06/2011 - 15:33

Sequential improvements in delinquency rates in Targets’s credit card portfolio just keep coming as the percentage of accounts 60 and 90 days past due fell yet again in May.

06/03/2011 - 12:01

Luxury, high-end jewelry and e-commerce enjoyed strong growth in May, as did the restaurant category, according to MasterCard Advisors SpendingPulse, which tracks national retail and services sales.

06/02/2011 - 11:48

Target reported a 2.8% same-store sales increase for May, falling short of Wall Street's expectation for a 3.5% increase, as consumers remained cautious.

05/31/2011 - 10:30

Target and Walmart remain in what is essentially a dead heat as far as prices on food and consumables are concerned, according to the most recent study of prices in Dallas and Chicago conducted by Credit Suisse. The firm looked at a basket of 60 items across the two markets, as it does every month, and in keeping with prior comparisons, the data for April showed Target lagged Walmart by 3.4% in Chicago and 4.6% in Dallas. Neither figure takes into account Target’s REDcard Rewards program, which shaves 5% off the price paid at Target and enables REDcard holders to pay less at Target than they would at Walmart.

05/31/2011 - 10:24

Shares of Target are on sale. After beginning the year slightly above the $60 mark, it has been a steady slide downward for the first five months of this year, and now shares regularly trade below $50.

05/26/2011 - 16:11

Target has unveiled the first wave of the Zellers sites it will be taking over in Canada, representing 105 locations in all 10 Canadian provinces.