Content about Target News Now

May 16, 2012

The steady erosion of newspaper circulations naturally has led many to predict that the printed ad circular is not much long for this world and will quickly disappear as consumers demand more digitized ads and coupons. Last year, the Associated Press, along with 32 other publishers and 30 retailers, launched iCircular to help stave off declining ad revenue. Even Google has jumped into the fray with the launch of Google Circulars, a service that creates digital versions of full-page print inserts normally found in newspapers, with the goal of “trying to get online visitors into [offline] stores.” From the stark decline in demand for print publications, it appears that printed circulars are well on their way to extinction…or are they?

May 16, 2012

From personnel changes to its new "fair and square" price strategy, JCPenney has put a lot into changing the company's image, and investors are waiting for it to pay off.

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 15, 2012

A Tuesday report by the Commerce Department showed that U.S. retail sales during the month of April edged up 0.1%, following a 0.7% gain in March and marking the smallest rise of the year so far.

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

See what happens when a company develops a reputation as a fair-minded employer and a leader in hiring practice. Labor rights groups want more, and to get their way they march on Target’s headquarters this week. Read more.  

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 8, 2012

Weber Logistics, a third party logistics company in the Western United States, has named former Target human resources manager, Sheila Jordan, as its new VP human resources.

May 8, 2012

More than 80% of U.S consumers more likely to become loyal customers to retailers that provide an integrated experience across channels, according to a study by Hybris, a multichannel commerce and communication software provider.

May 7, 2012

Warm weather and shifting holidays in March caused retail foot traffic to dip in April. Retail foot traffic in April was 7.6% lower from March, and 2.7% lower on a year-over-year basis. The slow April is the first in the past 3 months to experience a decline in year-over-year and month-over-month retail foot traffic.

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 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

Emilio Estefan, the Grammy Award-winning music producer and husband to Gloria Estefan, is working with Target in a unique partnership that will the retailer appeal to the Latin community in key markets.

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.

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