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Target, Inc.

  • Three Big New Retail Partnerships

    Retailers can’t seem to get enough of partnerships these days…be it with hot designers, each other or television shows. Below is a quick recap of three new couplings that have the industry buzzing.

    1. Nordstrom and Topshop: Looking to add more fashion sizzle to its offerings, Nordstrom has entered into a joint venture with Topshop, the British fast-fashion giant known for its runway-inspired threads and rock ‘n’ roll attitude.

  • Target Canada openings confirmed

    Minneapolis -- Target on Thursday confirmed the list of the stores that it intends to open across Canada in 2013.

    As previously reported, Target purchased the leasehold interests of 189 sites currently operated by Zellers, and is slated to open 125 to 135 stores in Canada, the majority of which will open in 2013.

    The latest announcement confirms the first 125 stores that will open in 2013, and later this year, Target will confirm additional store locations that will open starting in early 2014 and beyond.

  • Coupon activity on upswing, as are sales

    No Wonder Walmart’s U.S. sales are on the upswing. Kantar’s Marx media solutions group this week in its mid-year report noted free standing insert pages for Walmart increased nearly 82% to 2.5 billion pages during the first half of the year.

  • Mosaic mixed-use development to open in September

    Washington, D.C. -- Columbia, S.C.-based Edens said Wednesday that its new mixed-use development Mosaic will open this September in Washington, D.C.

  • What will they think of next?

    Target has come up with some clever buzz-building brand activities over the years and a new initiative underway in Seattle is no exception.

  • Why Target’s Neiman Marcus deal is good for Walmart too

    Walmart and Target were both winners this week as Target announced a deal with Neiman Marcus that makes the distinction between it and Walmart even sharper.

  • Christmas comes early with Neiman Marcus deal

    The holiday hype has begun, and Target this week launched one of the first salvos, announcing an innovative partnership with 24 designers and the upscale department store chain Neiman Marcus.

  • Finish strong: heat and holiday timing to aid July sales

    After a weaker-than-expected showing in June, Target needs a solid performance in July to deliver on its second quarter sales and profit expectations.

    June same-store sales increased a modest 2.1%, well below a 4.4% increase in May, but the deceleration didn’t cause the company to adjust its second quarter guidance. The company expects second quarter earnings adjusted to exclude expenses related to its entry in Canada to range from $1.04 to $1.14 and earnings that include the Canadian costs to range from 94 centers to $1.04.

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