Tag Archives: Target

BDO: Omnichannel a Top 2014 Retailer Growth Strategy

BDO

CHICAGO-With mobile and online sales projected to grow further, retailers will continue to develop their e-commerce and mobile-commerce businesses this year, according to a survey of retailer chief financial officers by research firm BDO USA. Thirty-four percent of the retailer financial chiefs who responded to the survey said they will continue to invest in theirMore »

Last updated: March 10, 2014

Jacob, Target CIO, Resigns

Beth Jacob

MINNEAPOLIS-In the wake of the company’s efforts to resolve the breach into millions of customers’ credit-card information, Beth Jacob, Target’s executive vice president of technology services and chief information officer, has resigned, effective yesterday. A statement sent by the retailer to HFN, from Gregg Steinhafel, chairman, president and CEO, said Target will begin an externalMore »

Last updated: March 6, 2014

Target to Open Nine More Canadian Stores

Target

MISSISSAUGA, Ontario-Target said it will continue its expansion into Canada this year with the opening of nine stores in addition to the 124 it has already opened north of the border. This spring, the mass merchant will open three stores, one each in Ontario, Alberta and British Columbia. In summer, two stores will open inMore »

Last updated: January 29, 2014

Hudson’s Bay Names Former Target CFO Scovanner to Head Finance

Hudson’s Bay

TORONTO-Doug Scovanner, a former executive with Target, has been named interim executive vice president of finance and accounting for Hudson’s Bay Co. Scovanner has assumed responsibility for the retail company’s financial planning, asset protection and accounting functions. Richard Baker, Hudson’s Bay governor and CEO, cited Scovanner’s “broad background” in finance, and added that Scovanner hasMore »

Last updated: January 27, 2014

Jerry’s Kids

Duke_Ratliff

I loved the old Jerry Lewis movies when I was a child (not so much as an adult). Mostly forgotten, one of the films featured Lewis slapsticking and mugging his way through his duties as an employee at the fictional Tuttle Department Store. The movie was called “Who’s Minding the Store?”, a phrase that hasMore »

Last updated: January 22, 2014

Target Q4 Comps Projected to Decline; Provides Update on Data Breach

Target

MINNEAPOLIS-Target said it now expects fourth-quarter same-store sales to fall 2.5 percent, and added that it is continuing its investigation of the data breach of customer payment information. The retailer said its comparable-store estimate is based on what proved to be stronger-than-expected fourth-quarter sales prior to its announcement of the data breach on Dec. 19,More »

Last updated: January 10, 2014

(Selling) Home for the Holidays

Duke_Ratliff

If the consumer press was any indication, the universe almost ended. More precisely, the civilized world as we know it could have come to a crashing halt on Thanksgiving Day. That’s when the Scrooge-like retailers such as … well, pretty much every single retailer of note—opened for business. Macy’s suffered an unfair share of theMore »

Last updated: December 20, 2013