Content about chairman , president and CEO

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.

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 5, 2012

Target Corp., The TJX Cos., and Ross Stores reported stronger-than-expected March sales as warm weather put consumers in a spending mood. Both retailers also revised their first-quarter outlooks upward on the results.

April 2, 2012

Target has brought in someone with both advertising and retail experience to oversee its marketing efforts.

January 23, 2012

Target chairman, president and CEO Gregg Steinhafel was elected chairman of the board of the Retail Industry Leaders Association (RILA).

January 23, 2012

A letter that surfaced last week from Target executives to the company’s suppliers brought back memories of Tom Hanks signature line from the movie A League of Their Own about how there is no crying in baseball.

January 5, 2012

Joe Namath he’s not. Target chairman, president and CEO Gregg Steinhafel assured investors last month that December comps would exceed November’s 1.8% increase, but then Thursday morning reported a disappointing 1.6% increase and a reduced profit forecast.

January 3, 2012

Target chairman, president and CEO Gregg Steinhafel drew a proverbial line in the sand last month when he noted the company’s same-stores sales performance in December would be better than the company’s modest showing in November.

October 21, 2011

Former chairman, president and CEO of Procter & Gamble, A.G. Lafley, has joined Legendary Entertainment’s board of directors.

October 17, 2011

Lowe's Monday announced that it would close several stores and discontinue a number of planned new store projects as the company looks to bounce back from a second quarter of declining earnings and flat same-store sales.

October 3, 2011

Michael Francis, EVP and CMO of Target, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

August 30, 2011

Inflationary increases, sales growth at remodeled stores and a boost from fuelperks! helped drive up Winn-Dixie's second quarter identical-store sales, while net sales dipped.

August 10, 2011

Macy’s chairman, president and CEO is walking on air these days as the nation’s leading department store chain continues to deliver impressive results amid a recessionary economy that has other operators floundering for sales.

July 25, 2011

Appearing at number 21 on this year’s ranking of the 50 most powerful people in the food industry is Target chairman, president and CEO Gregg Steinhafel. Compiled by Supermarket News, Steinhafel is probably ranked about where he should be considering the company’s position in the hierarchy of food retailers and other people in positions of power whose actions influence impacts the food universe. Click here to view the list.

July 7, 2011

Department-store retailers turned out solid sales results in June, despite concerns about consumers cutting back on spending.

July 7, 2011

The 4.5% increase in same-store sales Target reported for June was at the high end of the company’s expectations and came on top of a prior year increase of 1.7%.

July 7, 2011

The 4.5% increase in same-store sales Target reported for June was at the high end of the company’s expectations, came on top of a prior year increase of 1.7% and was driven primarily by an increase in average transaction size with a more modest benefit associated with increased traffic.

June 27, 2011

During a question-and-answer style interview in Monday’s USA Today, Target chairman, president and CEO Gregg Steinhafel shared his thoughts on a wide range of topics including Walmart, inflation, designers and competition.

June 13, 2011

They are however interested in which political candidates and trade associations receive political donations from the company and what the decision-making process is behind those donations.

June 9, 2011

Target ended last year with sales of $67.4 billion and earnings per share of $4, but if company chairman, president and CEO Gregg Steinhafel has his way, within six or seven years earnings per share will double to $8 and sales will top $100 billion.

May 18, 2011

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

May 12, 2011

Kohl’s reported that its first quarter diluted earnings per share increased 14% to 73 cents, in line with Citi analysts expectations and with the company's updated guidance that EPS would be toward the high-end of 68 cents to 73 cents (provided on May 5).

March 21, 2011

Target has made a $500,000 donation to Save the Children to assist with Japan’s earthquake and tsunami relief efforts.

© 2012 Retailing Today. All Rights Reserved.