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Target, Inc.

  • Target’s Cornell tasty addition to YUM board

    A little over a year into his tenure as Target’s chairman and CEO, Brian Cornell has added new responsibilities as a member of the board of directors at KFC, Pizza Hut and Taco Bell parent company Yum! Brands.
     
    Cornell’s appointment to the Yum board comes 13 months after he was named to the top job at Target and just three months after Target sold its pharmacy business to CVS Health for $1.9 billion. The latter is noteworthy because two executives with strong ties to CVS Health serve on Yum’s Nominating and Governance Committee.
     

  • Report: Target in new push away from tech outsourcing

    Don’t assume that the layoff of 275 IT employees in August 2015 by Target Corp. means the retailer is reducing its focus on in-house technology operations. According to the Wall Street Journal, the layoffs actually set the stage for a big push away from IT outsourcing and toward hiring 1,000 new global technology workers.

  • Major retailer CEO joins Yum Brands board

    The CEO of one of America’s most prominent discount retail chains has joined the board of directors of quick service restaurant operator Yum Brands. Target CEO Brian J. Cornell, 56, is now a member of the Yum Brands board.

  • Transwestern sells Alabama center for $18.5 million

    Transwestern's Southeast Investment Services Group representedKentucky-based Langley Properties Co. in the disposition of Pelican Place at Craft Farms for$18.5 million.Atlanta-based RCG Ventures acquired the 229,911-sq.-ft. shopping center located inGulf Shores, Alabama.

    Transwestern VPFred Victorrepresented the seller in the transaction. RCG was represented in-house byScott Tarbet, VP of acquisitions.

  • Target vet joins NACDS as director, pharmacy affairs

    ARLINGTON, Va. – The National Association of Chain Drug Stores on Thursday announced the appointment of Jason Ausili as director, pharmacy affairs, effective Sept. 28. Ausili will report to Kathleen Jaeger, SVP pharmacy care and patient advocacy.

  • Tech Bytes: Three Reasons to Partner with a Tech Accelerator

    Target Corp., which has operated a proprietary innovation lab in San Francisco since 2013, is eyeing a more outward-focused approach to innovation. Target is partnering with startup accelerator Techstars to open a new retail accelerator program in its hometown of Minneapolis.

  • The Force awakens the toy aisle

    Star Wars merchandise is shaking up the busy fall retail season, according to a new report.

    According to new research from 360pi, between Sept. 4 and 10, Star Wars-themed toys comprised nearly two in 10 of the daily top 100 best selling toys on Amazon, dethroning bestsellers Cards Against Humanity, Crayola and Exploding Kittens, and replacing traditional Lego items with Star Wars-themed versions.

  • Target workers OK first union in company’s history

    A group of pharmacy workers within Target Corp's store in Brooklyn, N.Y., have won a vote to form a micro-union, making it the first unionized store at the retailer since its inception in 1902, according to Reuters.

    A group of pharmacists and pharmacy technicians won an initial ballot, 7-2, to form the union, according to a filing on the National Labor Relations Board website and union officials, the report said.

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