Target News Now

05/09/2011 - 16:47

BrandZ has released its list of the 100 most valuable global brands, and Target came in at number 5. According to the report, Target earned its spot by expanding its food selection and repositioning itself as a low-price leader and thereby countering the perception of it being a trendier, albeit pricier store than its competitors.

05/09/2011 - 16:39

Projections calling for a low-to-mid single-digit comp increase at Target during May don’t sound overly aggressive, but when factoring in some of the economic headwinds and uncertainties facing the U.S. economy, the sales plan begins to sound more ambitious.

Consumers are dealing with higher fuel prices, food inflation and lingering unemployment. Where $4 a gallon gas prices are headed next is big unknown, but it is only May and historically prices increase during the summer. Ouch!

05/09/2011 - 15:56

Target’s Redcard may become an increasingly more important factor in the retailer maintaining low price leadership.

05/09/2011 - 11:40

Delinquency trends in Target’s credit card portfolio just keep getting better. During April, the percentage of accounts 60 or 90 days past due sank to their lowest level of the past three years.

05/05/2011 - 10:29

The 13.1% increase in same-store sales Target reported for April was toward the low end of the company’s projection of an increase in the mid-teens and begs the question whether Walmart’s mid-month launch of a new marketing campaign contributed to the weakness.

05/02/2011 - 16:04

Jose Barra, SVP health care and beauty at Target, is among four new members elected to join the 21-member board of directors of the National Association of Chain Drug Stores (NACDS).

05/02/2011 - 16:02

This Mother’s Day is shaping up to be a battle between Amazon’s Kindle and Barnes & Noble’s Nook, with the popular e-readers featured on the cover of circulars from Target and Walmart that dropped this past weekend.

05/02/2011 - 15:40

The most recent pricing survey from the equity research team at Credit Suisse shows that Target is either 3.1% more expensive or 1.9% less expensive than Walmart. The firm compared prices at stores in the Dallas and Chicago markets, as it does every month, and during March discovered the gap between the two competitors narrowed considerably.

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