Latest Articles
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Target Updates: Q4 Profit Falls, International Expansion Plans Going Strong
Target (NYSE:TGT) announced its Q4 results this week. Holiday discounts offered by the retailer to attract customers affected its results, leading to a 5% fall in Q4 profits. Target’s PFresh store remodels and 5% REDcard Rewards loyalty pro...
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Target’s Canadian Customers Can Stay Wired with Starbucks in Most Stores
Target (NYSE:TGT) is leaving no stone unturned to make its first international expansion plan a success. Last year, it doubled the allocated budget to $2.3 billion to convert Zellers stores and integrate them into its retail network. It also rece...
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Target Relies on Team in India for Success with Canadian Expansion
Target (NYSE:TGT) is leaving no stone unturned to be successful in its first venture outside of the U.S. Its India office, which has around 2,500 people, will support its Canadian expansion plans. Other retailers like Tesco have also set up their...
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Target Woos Shoppers with Jason Wu Line, Learns from Missoni Missteps
Target’s (NYSE:TGT) recent launch of the limited-edition Jason Wu collection, in partnership with the famous Taiwan-born designer, has received an overwhelmingly positive customer response. The company has learned from early mistakes with i...
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Target Sharpens Focus on Online and International Growth
Last year was eventful for Target (NYSE:TGT), the world’s second largest retailer, as it revamped its website to drive online sales. Presently, online sales constitute a very small portion of its annual sales and according to trade publica...
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Target Rolls to $60, Ready to Sell Card Unit & Focus on Retail Biz
Target Corporation (NYSE:TGT) has been trying to sell its credit card segment for some time now. The segment’s Q3 revenues reported a decline of 8.2% from the prior-year quarter to $348 million. However, the credit card segment’s prof...
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Target Looks to Smaller Formats, Canadian Expansion and Designer Labels to Boost Sales
In an effort to fight the volatile economic conditions and boost sales, Target (NYSE:TGT) has been pursuing various initiatives. The ongoing euro crisis and the high unemployment rate in the U.S. have added to the economic instability. Target has...
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Target Updates: In Talks on Credit Card Deal
According to a recent SEC Filing, Target Corporation (NYSE:TGT) is in negotiations for the sale of its credit card receivables segment. The deal is expected to be reached by year end. In January this year, Target announced its intentions to sell...
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Target Launches New Website to Drive Online Sales
Target Corporation (NYSE:TGT) has recently launched a new version of Target.com with an aim to increase its online retail sales. According to CEO Gregg Steinhafel, the new platform is easier to shop, has faster checkout and more closely resembles...
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Target’s Remodeled Stores & 5% REDcard Rewards Drive Growth
Target Corporation (NYSE:TGT) reported strong revenues for Q2 2012. According to Target’s CEO Gregg Steinhafel, Target experienced same-store sales increase of 3.9% this quarter which is its strongest performance in last 4 years, and it re...
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Credit Card Improvements Drive Target’s Q1 results
Target Corporation (NYSE: TGT) reported marginal growth of 2.7% in Q1 profit as strong earnings from its credit card segment offset the weaker-than-anticipated sales in the retail segment. The credit card segment reported a bad debt expense of $1...
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Store Expansion and DIY Activity Will Benefit Lowe’s
Lowe’s (NYSE:LOW) is the world’s second largest retailer of home improvement products after Home Depot (NYSE:HD). Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) also cater the home improvements market. Lowe’s offers a wide range of home im...
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Positive Outlook for Target’s U.S. Store Revenues
Target Corporation (NYSE: TGT) is one of the top ten largest retailers in the U.S. by sales competing mainly with Wal-Mart (NYSE:WMT), Best Buy (NYSE:BBY), Macy’s (NYSE:M), Sears (NASDAQ:SHLD), and Costco (NASDAQ:COST). The recent economic ...
