Target News Now

05/23/2011 - 16:39

With the dust settled from Target’s first-quarter earnings announcement last week, it has become quite apparent the company would not be faring well were it not for the beneficial effects of the PFresh remodeling program and last fall’s introduction of 5% REDcard Rewards.

The two initiatives combined contributed more than 1% apiece to Target’s first-quarter same-store sales increase of 2% and in essence allowed the company to avoid posting a negative comp.

05/23/2011 - 16:19

Target CFO Doug Scovanner moderated analysts’ second-quarter and full-year earnings expectations slightly, although it can at times be difficult to tell given the language used to communicate in the Wall Street guidance game.

For example, Scovanner noted that analysts’ consensus estimate for second-quarter earnings per share of $1 seemed potentially achievable, but was above the midpoint of a range of likely outcomes. He also applied similar language to analysts’ full-year earnings per share estimate of $4.23, noting that it too seemed above the midpoint of a reasonable range.

05/23/2011 - 15:38

Sharp pricing on an expanded assortment of food and consumables is one way for Target to get customers to shop its stores more frequently, but this week saw the company break out another type of trip generator with the cover of its weekly ad featuring tee shirts and shorts at an opening price point of $3.

05/23/2011 - 15:29

Last week’s issue of Target News Now contained some inaccurate information relating to the level of promotional activity during April at some of the nation’s leading retailers. The correct information along with a link to a revised chart provided by research company Market Track is below.

05/23/2011 - 15:14

Although Targets’ new e-commerce platform isn’t expected to relaunch for a few more months, it is worth acknowledging that the massive undertaking is on time and under budget.

05/20/2011 - 15:32

Target Corp. plans to spend more than it had forecast this year on its entry into the Canadian market as it nails down more of the best retail locations sooner than expected.

05/20/2011 - 13:41

Each year, the graduating class of the Master of Professional Studies degree program in cosmetics and fragrance marketing and management at FIT researches and forecasts trends or growth concepts within a specific area of the beauty industry, which they then present to an audience of industry executives.

05/20/2011 - 11:33

Walmart and Target are the top go-to retail stores for college students, according to a new study.

05/18/2011 - 13:28

First-quarter sales at Target increased 2.8% to $15.6 billion, and same-store sales increased 2% the company reported.

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