Tag Archives: Target

Target Q3 Net Gains; U.S. Sales Top Company Estimates

Target storefront

MINNEAPOLIS-With sales in its U.S. stores outperforming the company’s expectations, Target’s third-quarter net income moved up 3.2 percent to $352 million. Total net sales in the quarter, which ended on Nov. 1, were up 2.7 percent. Sales in the U.S. stores picked up 1.9 percent, including a better-than-expected same-store sales increase of 1.2 percent (Target’sMore »

Last updated: November 19, 2014

Target to Offer Home Products Savings in November

Target

MINNEAPOLIS-Multipiece bakeware sets and a Dyson vacuum cleaner are among the products for which Target will offer significant savings during the November period culminating on Black Friday weekend. From Nov. 23-29, the retailer will pitch multipiece bakeware sets at 40 percent off, as part of a number of exclusive deals. From Nov. 27-29, Target willMore »

Last updated: November 12, 2014

Target Taps Rice as Chief Risk and Compliance Officer

Jacqueline Hourigan Rice

MINNEAPOLIS-Jacqueline Hourigan Rice has been named senior vice president and chief risk and compliance officer for Target. Rice will join the retailer on Dec. 1 and will be responsible for the centralized oversight of enterprise risk management, compliance, vendor management and corporate security. She will report directly to Brian Cornell, chairman and CEO. Cornell saidMore »

Last updated: November 7, 2014

Target Launches Smart-Home Initiative

Target, Facebook Align for Cartwheel App

MINNEAPOLIS-Target has introduced an offering of smart-home products that includes an in-store test and a dedicated page on its website. According to a Target spokeswoman, the in-store test involves offering smart-home products in 500 stores. The website page leads consumers to smart-home product categories such as thermostats, home security and safety, lighting and switches, well-beingMore »

Last updated: November 6, 2014

Target Launches Holiday Initiatives

Target

MINNEAPOLIS-Target has debuted a number of efforts for the holiday shopping season, which include exclusive gift items in a number of product categories, home being one of them. For shoppers, the retailer has introduced new and enhanced digital tools along with free shipping for all orders on target.com through Dec. 20. In addition, more thanMore »

Last updated: October 23, 2014

Marvin Ellison to be J.C. Penney President/CEO

Marvin Ellison

PLANO, Texas–J.C. Penney has appointed Marvin Ellison, currently executive vice president of stores at Home Depot, as president and CEO-designee, effective Nov. 1. He will also join the Board of Directors at that time. Ellison will succeed Myron E. (Mike) Ullman, III, as CEO of J.C. Penney on Aug. 1, 2015. At that time, UllmanMore »

Last updated: October 13, 2014

Great Expectations

Duke_Ratliff

Pity the home furnishings industry exec on a long summer vacation—he or she will return to work with a whole new landscape of retail leaders. For those keeping score at home (along with the imaginary, anachronistic exec who could actually take vacation all summer), here’s a brief rundown on the recent CEO shuffle: Target namedMore »

Last updated: August 28, 2014

Target Q2 Net Falls 61.7 Percent

Target, Facebook Align for Cartwheel App

MINNEAPOLIS-Target’s second-quarter net income plummeted by 61.7 percent to $234 million, as the retailer continues to struggle with its operations and the expenses related to the breach of data from shoppers’ payment cards which occurred in December. During the quarter, which ended on Aug. 2, Target incurred breach-related expenses of $148 million, including an increaseMore »

Last updated: August 20, 2014