Latest Articles
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Target Earnings Preview: Growth May Remain Under Pressure; Exit From Canada In Focus
Target (NYSE:TGT) is scheduled to release its Q4 fiscal 2014 earnings on February 25th and we believe that its growth will once again feel the impact of falling foot traffic. Across the industry, buyers in numbers have switched to online shopping...
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Target To Discontinue Its Canadian Business
After persevering for over a year-and-a-half in Canada, Target (NYSE:TGT) has finally decided to shut its operations in the country. The retailer’s debut in the market was disastrous, as it invested around $4 billion setting up its Canadia...
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Target Canada Story: Origin, Fall & Restoration
Target (NYSE:TGT) had initiated its international expansion last year, when it opened its first store in Canada. The company had substantial faith in the country’s retail market along with its brand image, which is evident from the fact tha...
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Target’s Earnings Surprise As Sales And Profits Rise
The impact of last year’s data breach at Target (NYSE:TGT) appears to have faded. After six consecutive quarters of flat or negative comparable sales growth, the retailer finally reported 1.2% rise in this metric in Q3 fiscal 2014, compreh...
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Foot Traffic Decline And Canadian Losses Will Suppress Target’s Results
When “Cheap chic” retailer Target (NYSE:TGT) comes out with its Q3 fiscal 2014 earnings on November 19th, we expect its struggle in the U.S. and Canada to continue. Store traffic at Target has declined in the past nine quarters and i...
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Why Target’s Revenue Per Square Feet Will Improve Going Forward
Target ‘s (NYSE:TGT) revenue per square feet ( a measure of store productivity) declined consistently from $296 in 2007 to $280 in 2009, owing to the economic downturn in the U.S. However, the figure started improving after 2009, as consume...
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What Is Target Canada Doing To Address Its Inventory Issues?
A couple of months back, Target (NYSE:TGT) Canada CEO, Mark Schindele, outlined certain turnaround efforts for the company’s botched up Canadian expansion. He said that a team was reviewing the performance of each Canadian store to identif...
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Retail Week In Review: Wal-Mart, Target & Costco
Last week, National Retail Federation (NRF) released an optimistic sales growth forecast for the upcoming holiday season. It predicts retail sales during November and December 2014 (excluding gas, autos and restaurant sales) to increase by 4.1%, ...
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Target Plans Conservatively For The Holiday Season Despite A Promising Industry Forecast
Target (NYSE:TGT), one of the largest retailers in the U.S., has reported disappointing results in the last several quarters due to low consumer spending and the impact of last year’s data breach. Although the company has taken certain meas...
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Retail Week In Review: Wal-Mart, Target And Costco
The past week in the U.S. retail industry was mainly about major retailers, Wal-Mart (NYSE:WMT) and Target (NYSE:TGT), unveiling their plans for holiday hiring. While the retail giant decided to increase its hiring as compared to 2013 for the bu...
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Target To Go Aggressive On Its “Known For” Categories
Just a month into his job, Target ‘s (NYSE:TGT) new CEO, Brian Cornell, announced that he is planning to aggressively expand certain categories that once provided Target an edge over other retailers. He said that the company will almost do...
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Week In Review: Wal-Mart, Costco And Target
Nothing significant happened in the U.S. retail market this week as Wal-Mart (NYSE:WMT) persisted with its lack of interest in Family Dollar, even as Dollar General and Dollar Tree entered a bidding war for the same. Cheap Chic retailer, Target ...
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Target To Focus On Growth And Salvage Its Canadian Expansion
Target ‘s (NYSE:TGT) Q2 fiscal 2014 earnings fell by a staggering 62% as Canadian losses and aggressive discounting weighed heavily on its profits. The company lowered its guidance for the second time this year, citing a traffic decline and...
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Data Breach Repercussions And Falling Traffic To Subdue Target’s Results
‘Cheap chick’ retailer Target (NYSE:TGT) is scheduled to release its Q2 fiscal 2014 earnings on August 20. In a recent press release, the company slashed its second quarter earnings per share guidance from $0.85-$1.00 to $0.78, citing...
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Can Target’s New CEO Help Turn Around The Company?
Earlier this year, Target (NYSE:TGT) CEO, President and Chairman Gregg Steinhafel resigned from all his positions following the massive data breach last December and the troubled launch of its entry into Canadian markets. Immediately after his ...
