Skip to main content

Target, Inc.

  • No double dip here, Target’s comps solid

    MINNEAPOLIS - The 4.5% increase in same-store sales Target reported for June was at the high end of the company’s expectations and came on top of a prior year increase of 1.7%. The gain was driven primarily by an increase in average transaction size while growth in the overall volume of transactions appeared to moderate somewhat.

    Target chairman, president and CEO Gregg Steinhafel said he was very pleased with the company’s performance at the upper end of a guidance range that called for a low-to-mid single-digit improvement.

  • Inland Western acquires Texas shopping center for $35 million

    Oak Brook, Ill. -- Inland Western Retail Real Estate Trust announced Wednesday the acquisition of Sawyer Heights Village in a joint venture with RioCan Real Estate Investment Trust.

    Sawyer Heights Village, a 107,626-sq.-ft. power center located just outside the central business district in Houston, was purchased for approximately $35 million. 

  • Rite Aid shuffles executives in HR, operations departments

    CAMP HILL, Pa. — Rite Aid announced Thursday changes in its human resources and operations departments.

    The 4,700-store chain named Brian Fiala as EVP human resources and Robert Thompson as EVP store operations. Rite Aid also appointed Bill Romine as SVP of the chain’s western division.

    Fiala had previously served as EVP store operations, having joined the company in 2007 after working for 24 years at Target. He replaces Steve Parsons, who is leaving the company to take another position, and will report to president and CEO John Standley.

  • Costco, Target and BJ’s exceed expectations in June

    New York City -- Discounters and warehouse clubs turned in robust performances in June, led by Costco Wholesale Club, whose same-store sales in the United States rose 12%, while internationally same-store sales jumped 18%. Excluding the impact of inflation in gasoline prices and stronger foreign currencies, Costco said same-store sales in June rose 8%. Its results beat expectations.

  • Target settles disability discrimination suit

    New York City -- The Equal Employment Opportunity Commission settled a lawsuit with Target Corp. regarding the rights of a disabled cart attendant in California's Orange County, the Associated Press reported.

    Court papers filed on Tuesday reveal that Target agreed to pay former employee Jeremy Schott $160,000 and develop policies to respond to disabled employees' needs, the report said.

  • Target makes another move in Canada

    The first Target stores in Canada won’t open until 2013, but the company recently announced it retained MDC Partners to lead the development of its overall marketing efforts. According to the company, the MDC integrated team is being led by kbs+p Canada and Veritas Communications, along with support from Northstar Research Partners and BOOM! Marketing. 

  • A rebuttal to a rating downgrade

    Last week Janney Montgomery Scott analyst David Strasser downgraded shares of Target to neutral from buy. He offered a litany of things that could go wrong with the Target story, which were subsequently refuted by someone named Will Ashworth on the website “Investopedia.”

  • A carrot and stick approach to reduce port pollution

    Such retailers as Target, Best Buy, Home Depot, JCPenney, Lowe’s and Walmart are part of an organization called the Coalition for Responsible Transportation (CRT) that is pushing a new approach designed to reduce emissions at the nation’s ports. The retailers along with Hewlett Packard, Nike and a host of leading transportation providers have teamed with the Environmental Defense Fund and the U.S. Environmental Protection Agency to launch a program called, “EPA SmartWay Drayage Program.”

X
This ad will auto-close in 10 seconds