Target News Now

04/11/2011 - 15:37

A whole lot of uncertainty now hangs over Target’s April same-store sales expectations, as Walmart this week began a major advertising offensive to regain customers and restore sales at its U.S. division.

Target forecast April comps would be in the mid-teens due largely to the late arrival of Easter on April 24, coupled with ongoing food and consumable gains related to expansion of the PFresh format to more stores and increasing penetration rates for the REDcard rewards program. Suddenly though, Target’s April expectations appear to be in jeopardy as Walmart is poised to inundate the marketplace with messaging around low prices, breadth of assortment and a hassle-free price match policy with the bulk of spending related to Easter yet to occur.

04/11/2011 - 15:12

Consumers are using credit more responsibly, according to the latest delinquency data released by Target. The percentage of accounts 60 days and 90 days past due in Target’s credit portfolio experienced meaningful declines during March, and are now at their lowest level in more than two years.

That likely means a couple things.

04/08/2011 - 11:38

A judge ruled Thursday that a San Diego pro-gay marriage group can continue canvassing outside of Target stores in California, the Associated Press reported.

04/07/2011 - 15:18

Target announced that it will offer an exclusive version of Alison Krauss & Union Station's "Paper Airplane."

04/07/2011 - 13:49

Target continues to pull ahead of Walmart in the value retail category, according to a recent Harris poll.

04/07/2011 - 11:59

Same-store sales at Target declined 5.5% during March, in line with the company’s expectations for a down month due to the late arrival of Easter.

04/04/2011 - 16:09

The 2011 edition of Interbrand’s Best Retail Brands report again lists Target in the second position with a value of $23.3 billion in between number-one-ranked Walmart at $142 billion and third-ranked Home Depot at $20.3 billion.

04/04/2011 - 15:54

Target is scheduled to release monthly sales for March this Thursday, and the company has already indicated its same-store sales figures won’t be pretty due to the late arrival of Easter. The holiday isn’t until April 24 this year, so the bulk of sales related to Easter will occur in April whereas last year Easter fell on April 4, so a greater percentage of seasonal sales fell in March. The situation wreaks havoc on monthly comparisons, which is why Target has forecast March comps will decline in the mid to upper single-digit range as the results are compared to a prior year period that included the benefit of Easter.

04/04/2011 - 15:44

Target Chip Ganassi Racing (TCGR) has partnered with the Kellogg Company to become a primary sponsor on the number 10 Indy car driven by Dario Franchitti, winner of last week’s Honda Grand Prix of St. Petersburg and a three-time Izod IndyCar Series champ.

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