Target, Inc.

Dallas -- Approximately 1.1 million debit and credit cards used at Neiman Marcus stores may have been compromised in a security breach last year, according to an update posted on the retailer’s website. To date, Visa, MasterCard and Discover have notified the company that approximately 2,400 unique customer payment cards used at Neiman Marcus and Last Call stores were subsequently used fraudulently.

Minneapolis – Target Corp. is the latest major retailer to announce it will stop offering health insurance to its part-time employees. In a company blog post on Jan. 21, Target said it will no longer provide health insurance coverage to part time workers after April 1, 2014.

New York -- Target Corp. is cutting 475 positions globally, and also will not fill 700 positions that are open worldwide.

“We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business,” Molly Snyder, a Target spokeswoman, said in an e-mailed statement, as reported by Reuters. “We will continue to invest in key business areas to strengthen our ability to compete and thrive well into the future.”

No specific details were given on the job cuts. 

Adconion Direct, a leading global cross-channel digital advertising company, has named Nathan Jokinen as VP of strategic development. Jokinen spent nearly a decade in business development and digital strategy at Target.

Chicago  — R.P. Wurster has acquired the 49,967-sq.-ft. Plainfield Commons in Plainfield, Ind., for $6.35 million. The 100% leased community shopping center features anchor tenants Dollar Tree and Shoe Carnival. Shadow anchors include Target, Kohl’s, Pier One Imports and PetSmart.

Mid-America Real Estate Corp. in cooperation with Mid-America Real Estate Corp. — Indiana brokered the transaction on behalf of the seller, RPD Catalyst.
 

Target is the latest major retailer to announce it will stop offering health insurance to its part-time employees. In a company blog post on Jan. 21, Target said it will no longer provide health insurance coverage to part time workers after April 1.

Minneapolis – Target Corp. continues to take steps in response to the holiday data breach that may have exposed the personal and financial data of up to 110 million consumers to hackers. The Wall Street Journal reports that Target shut down remote access to two internal sites in the aftermath of the massive attack.

Minneapolis – Target Corp. notified Canadian shoppers who visited U.S, Target stores between Nov. 27 and Dec. 15, 2013 that some of their personal data may have been compromised in the major data breach that hit the retailer. According to the Canadian Press, that information includes personal data such as names, addresses, emails and phone numbers, but not financial data.