Target reported first-quarter earnings that topped analysts’ expectations. The company earned 98 cents a share, with adjusted earnings of $1.10 a share. Analysts expected $1.03 a share, according to Thomson Reuters. The stock rose as much as 1.9% to $79.40 in New York after the results were released, according toBloomberg …
By Erik DeFruscio Wal-Mart Stores Inc. said it would acquire more retail and distribution space in Canada from Target Corp. This announcement comes a few months after Target revealed plans to exit out of its money-losing operations in the country. The retailer will spend about $136 million for 12 leases …
Target Canada Co. says its headquarters and three distribution centers have shut down and the liquidation and closing of its 133 stores will be finished on April 12.
Target’s change of heart could be blamed on a number of factors, including public pressure, bad press about its massive layoffs and a competitive job market.
Target is launching a limited edition collection of American-made men’s apparel and accessories next week from six small brands.
The layoffs, the largest in Target’s history, amount to 13% of the total headquarters staff.
Target announced some impressive growth plans but it’s the “several thousand” job cuts that are getting all the attention.
Target CEO Brian Cornell told investors that the retailer won’t be raising its minimum wage to $9 like its competitors, Walmart and TJX Companies.
Tesco exec Mike McNamara will replace the retiring Bob DeRodes as Target’s CIO.
CEO Brian Cornell said Target Canada wouldn’t have been profitable until at least 2021.
Cornell’s resume includes PepsiCo, Sam’s Club, Michaels Stores and Safeway.
American Apparel, American Eagle Outfitters, Bon-Ton, Dollar General, Gordmans, JCPenney and Target are all in various stages of CEO searches.
Target Corp. has hired Brad Maiorino as SVP and chief information security officer.
An anonymous letter from a disgruntled Target employee is just the latest to be posted by the gossip blog Gawker, but this one got a public reply from Target CMO Jeff Jones.
Target chairman, president and CEO Gregg Steinhafel has resigned, effective immediately, ending a 35-year career with the retailer.
Bob DeRodes, an IT expert who’s worked for CitiBank and Delta Airlines and advised the U.S. government on data security, is Target’s new CIO.
Target says it will be fast-tracking plans to update its store credit cards with smart-chip technology for greater security.
Target says as many as 40 million in-store customers may have had their credit and debit card information compromised after a security breach in the retailer’s payment card systems between November 27 and December 15.
Douglas Dayton, who founded the retail giant Target as a division of the Minneapolis-based department store chain Dayton’s in 1960, has died at 88.