The agreement covers residents of 47 states and the District of Columbia and forces the retailer to implement a comprehensive program to protect consumers’ private data and help protect against future hacks.
CEO Brian Cornell says that the national retailer exceeded expectations despite a very choppy retail environment and the company now expects that its fiscal year results will come in above previous guidance.
In October, Target will open its first fully re-imagined store 35 miles southwest of Houston, located off of the Grand Parkway Southwest in Aliana’s Market Center.
The 43,000-square-foot store, located near Penn Station, is just one of 30 new locations the Minneapolis-based retailer plans to open in 2017.
Fourth quarter 2016 sales decreased 4.3 percent to $20.7 billion from $21.6 billion last year, reflecting a 1.5 percent decline in comparable sales combined with the removal of pharmacy and clinic sales from this year’s results.
The partnership provides Target’s wedding registry couples with exclusive offers and benefits to Menguin’s rental service and suits.
In this role, Gomez will be responsible for furthering Target’s brand positioning and leading the integration of all marketing programs.
Popular promotions from 2015 will return, including 10 Days of Deals, which will feature a distinct offer each day for 10 days.
The new repurchasing program will take place upon completion of the current $10 billion repurchase program, which is expected before the end of fiscal 2016.
It all came together Wednesday night at Cooper Classics in New York City when Target celebrated the news that a selection of Harry’s most popular items will be sold at all of Target’s stores as well as online.
Initially launching online at Target.com, the collection will feature an exclusive, limited-edition starter shave set and an assortment of Harry’s razors, cartridges and skincare products starting at just $5.
The retailer expects sales to slump in the second quarter of 2016, due to a “volatile consumer environment,” with comparable sales to remain flat or down two percent.
Target Corporation has hired Nordstrom alum Mark Tritton as executive vice president and chief merchandising officer, effective June 5.
Internet Retailer, the world’s leading publisher of strategic e-commerce business intelligence, today announced the finalists of the second annual Internet Retailer Excellence Awards.
Fortune magazine has posted its annual list of the “World’s Most Admired Companies.” Companies ranking this year in the Top 50 include Amazon, Nike, Nordstrom, Target and Walmart.
Target Corporation has hired Arthur Valdez as executive vice president, chief supply chain and logistics officer, effective March 28.
Minneapolis-based Target Corporation has promoted Janna Potts to executive vice president, chief stores officer, and will be responsible for the leadership of the company’s 1,805 stores across the United States.
Cyber Monday is expected to be the biggest online sales day ever recorded, surpassing $3 billion in sales, a 12 percent increase from last year according to survey estimates from Adobe Systems Inc.
Target Corp. met expectations for the third-quarter with earnings of 86 cents per share, a significant increase from 2014, and a slightly lower revenue of $17.61 billion.
Bruce B. Dayton, a retailing giant and one of the founders of Target, died in Orono, Minnesota on Friday, November 13 at the age of 97.