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Target, Inc.

  • Report: The leading type of retailer ready for EMV is…

    The mandate for retailers to accept chip-enabled, EMV-compliant payment cards starts Oct. 1. But how ready an individual retailer is may depend on what type of retailer they are.

    At least that’s according to a new study from The Strawhecker Group (TSG), which shows that a leading 69% of shoe stores and 59% of department stores have EMV-ready POS terminals .

    On the lower end of the spectrum, 24% of bookstores and 23% of stationery stores have EMV-ready terminals. Previous TSG research shows that 27% of all retailers will be EMV-ready by Oct. 1.

  • Target kicks off the holiday price wars

    The competition for retailers selling online just got a lot more intense with a new price-match policy from Target just ahead of the prime holiday shopping season.

    Beginning Oct. 1, Target will price-match the websites of 29 major retailers in stores and for purchases from their website.

  • New CEO Sought at Tuesday Morning

    Michael Rouleau was never seen as a long-term leadership solution as Tuesday Morning’s CEO, but the veteran retailer’s abrupt departure with no immediate successor named reveals the off-price retailer lacked a succession plan.

    The company said Rouleau, 77, will remain in a consultative capacity until March 31, 2016 and that it had created a new Office of the Chairman led by current Board Chairman Steven Becker to support oversight of the company’s strategic initiatives until a new CEO can be hired.

  • Technically Secure

    The October deadline for retailers to accept EMV (Europay, Mastercard, Visa)-compliant, chip-based payment cards or face increased fraud liability has placed payment card security in the industry headlines. While important, securing card-based payments at the store is one small facet of the huge undertaking retailers face in protecting their entire network.

  • Connecting the Dots

    It’s only October, but the holiday forecasts are starting to pour in. At this point out, it looks like it will be a “modest” season, with Deloitte (whose forecast, unlike some others, includes the month of January) predicting a 3.5% to 4% increase in sales over last year.

  • Nordstrom Rack to relocate to expanded Serramonte Center

    Nordstrom plans to relocate its Nordstrom Rack store from 280 Metro Center to the redeveloped Serramonte Center in Daly City, California.

    The approximately 40,000-sq.ft. store is scheduled to open in fall 2017. The redeveloped property is owned by Equity One.

    Nordstrom will join fellow anchors Target, JC Penney, Macy's and Dick's Sporting Goods. The new location is just across Highway 280 from the current Nordstrom Rack.

  • Report: Target expanding list of unacceptable chemicals

    Target is expanding the list of chemicals it wants suppliers to take out of their products, stepping up pressure on its vendors to respond to consumer health concerns.

  • Target focused on process improvement

    All manner of store operational processes will soon be under review at Target following the appointment of a new executive whose role is to simplify, optimize and make the retailer more agile.

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