Content about Target Corporation

May 16, 2012

IndyCar driver Dario Franchitti will honor sponsor Target's 50th anniversary by using the using the number 50 on the car he will use at the Indianapolis 500. The car will feature a paint scheme that uses the Target bullseye in place of the zero. Franchitti regularly uses the No. 10 car. Read more.

 

May 16, 2012

NASCAR fans will become very familiar with Target, if they aren't already, as the retailer plans to expand its presence in NASCAR during the Sprint All-Star and Coca Cola 600 race weeks.

May 16, 2012

Target's headquarters, known as Target Plaza has won in the corporate facility category of The Outstanding Building of the Year competition. Read more.

May 16, 2012

First quarter earnings at Target exceeded a profit forecast the company increased last month after a strong start to the quarter.

May 15, 2012

Kohl’s, Nordstrom and Target ranked first in their categories in a new survey by Harris Interactive. The 2012 Harris Poll EquiTrend (EQ) study surveyed Americans about brands across several retail segments, revealing which brands prompted them to open their hearts—and consequently—their pocketbooks.

May 14, 2012

WOONSOCKET, R.I. — CVS/pharmacy is taking a greater step toward targeting the Hispanic market with the launch of its new Spanish-language website.

Like the English-language site, the Spanish version, located at http://es.cvs.com, enables shoppers to manage their prescription account, get health information, purchase products, access coupons, etc. According to a MediaPost article, Google indicated that the new CVS Spanish website consists of 67,000 pages, most of which are product SKUs.

May 10, 2012

Though 79 is just one point shy of what ForeSee considers a superior score on its annual top 100 online retailers for customer satisfaction list, Target should still be concerned as it was three points behind rival Walmart, and three points does make a difference.

May 10, 2012

News this week that Target would open its first standalone retail store offering its C9 brand of athletic apparel has the potential to be a big deal if Target follows the growth trajectory of another active lifestyle retailer.

May 10, 2012

Target’s annual shareholders’ meeting will be held June 9 in downtown Chicago at the location of a soon-to-open CityTarget store on State Street. The venue is an interesting choice that speaks volumes about the potential for the new urban format.

May 9, 2012

Though 79 is just one point shy of what ForeSee considers a superior score on its annual top 100 online retailers for customer satisfaction list, Target should still be concerned as it was three points behind rival Walmart, and three points does make a difference.

May 3, 2012

Credit card trends at Target hit a new high, or low, depending on one’s perspective. Either way, it’s a good thing.

May 3, 2012

April same-store sales at Target increased 1.1% and helped the company achieve a 5.3% first-quarter comps increase that was the highest in six years. How much of the performance was due to record warm weather versus good execution of a solid strategy against the back drop of an improved economy is debatable.

May 3, 2012

Eight new healthcare clinics in Target stores are set to open in two new markets in July as part of the company’s most ambitious expansion of the healthcare initiative since it first began dabbling with clinics.

May 3, 2012

April same-store sales at Target increased 1.1% and helped the company achieve a 5.3% first-quarter comps increase that was the highest in six years. How much of the performance was due to record warm weather versus good execution of a solid strategy against the back drop of an improved economy is debatable.

May 2, 2012

Target turned 50 this year, and chairman, president and CEO Gregg Steinhafel weighed in on the expect more, pay less (EMPL) value proposition, his 32-year career and miscellaneous other topics in a Q&A interview with the company’s online magazine known as “A Bullseye View.” To read a transcript of his comments click here.

May 2, 2012

Retailers are in business to sell products customers want, except when they’re not, which appears to be the case with the retailer’s decision to stop selling Amazon.com’s hugely popular Kindle devices.

May 2, 2012

Target has done quite well for itself in California, but that doesn’t mean it’s been easy. Ironically, the state with the most extensive network of Target stores also happens to be the one identified as the worst state in which to do business, according to a recent survey.

April 25, 2012

With 24 million unique visitors during March, Target.com was ranked 47th on the comScore Media Metrix listing of the top 50 U.S. Web properties for March. That’s an improvement from March 2011 when Target didn’t crack the top 50. The only other conventional retailer in the top 50 was 25th ranked Walmart.com with 39 million unique visitors. It was ranked 33rd last year with 31.7 million unique visitors in March.

April 25, 2012

Following up on last week’s commentary (A dot com disconnect and Canadian e-commerce opportunity revealed), the legislative loophole that has U.S. retailers at a disadvantage to their Canadian counterparts was on display again this week during congressional testimony in Washington, D.C. Offering testimony was Katherine Lugar, EVP public affairs for the Retail Industry Leaders Association (RILA), a trade organization where Target chairman, president and CEO Gregg Steinhafel serves as chairman of the board of directors.

April 25, 2012

The Minnesota Vikings are in need of a new football stadium and Target’s EVP property development John Griffith sees a proposed downtown Minneapolis location as one element of a larger development and revitalization plan. That’s according to the Minneapolis Star Tribune, which reported this week on Griffith’s involvement in the downtown deal-making and track record at Target. Read the article here.

April 24, 2012

Another 90 Target stores are slated to receive fresh food in June as part of a major remodeling initiative that has become known simply as PFresh.

April 24, 2012

Target is investing more than $12 million in schools in 2012 through its library makeover program, and said it plans to give more than $1 billion for education by the end of 2015.

April 18, 2012

Whether employees at Target’s headquarters are able to hold meetings, work out, shoot baskets or have a cookout in a new downtown Minneapolis space is up for consideration on May 3 when the city’s zoning board of adjustment considers granting the retailer a variance.

April 18, 2012

Beth McGuire a senior group manager at Target was among a group of 25 “women to watch,” compiled by the Minneapolis/St. Paul Business Journal as part of the publication’s annual Women in Business Awards. The business newspaper also recognized 25 female industry leaders. McGuire and the other honorees will be recognized at a May 23 luncheon and featured in a special edition of the publication dated May 25. For a list of other honorees and details on the luncheon, click here.

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