Target, Inc.

MINNEAPOLIS --Target announced that it has donated $200,000 in cash to the American Red Cross to support tornado relief efforts in the Southern United States. An additional donation of more than $75,000 will include product and relief kits containing hygiene and food items that will be distributed to hardest-hit areas.

New York City -- Target Corp. was due in court in Canada on Monday in an attempt to win exclusive right to use its name in Canada, the Wall Street Journal reported.

Target is asking the court to impose a preliminary injunction against Canadian retailer Isaac Benitah and his company, Fairweather, which owns 15 stores across Canada called Target Apparel and has a logo similar to that of Target Corp, the report said.

Jose Barra, SVP health care and beauty at Target, is among four new members elected to join the 21-member board of directors of the National Association of Chain Drug Stores (NACDS). Barra’s appointment was announced at the NACDS Annual Meeting held this week in Scottsdale, Ariz. Other new members include, Jerry Cline, SVP retail sales and marketing at Good Neighbor Pharmacy; Lynne Fruth, chairman of the board of Fruth Pharmacy and Steve Kaczynski, CEO of Navarro Discount Pharmacies.

SCOTTSDALE, Ariz. — The National Association of Chain Drug Stores announced a successor for Larry Merlo as its new board of directors chairman, along with several other elected officers, at its 2011 Annual Meeting. Robert Loeffler, who serves as H-E-B's chief administrative officer, will replace Merlo, who is CVS Caremark president and CEO, as NACDS board chairman. Additionally, Walgreens president and CEO Greg Wasson was elected vice chairman, while Thrifty White president and CEO Robert Narveson was named treasurer.

The 5% REDcard Rewards program Target launched last fall has contributed to sales results and served as a game changer on the pricing front with Walmart. Savvy shoppers are increasingly realizing the additional 5% savings they receive by using their REDcard can result in the price of a basket of food and consumables at Target slipping below the price of a comparable basket at Walmart.

New York City -- Target has joined with American Express to offer a co-branded prepaid card that customers can reload and use at any store that accepts Amex cards, according to the Minneapolis/St. Paul Business Journal.

Target said in an e-mailed statement that it is selling the cards in a test at 100 stores in four cities: Chicago, Denver, Miami and Washington, D.C., the report said. The company said there is no projected end date.

The most recent pricing survey from the equity research team at Credit Suisse shows that Target is either 3.1% more expensive or 1.9% less expensive than Walmart. The firm compared prices at stores in the Dallas and Chicago markets, as it does every month, and during March discovered the gap between the two competitors narrowed considerably.

“Target’s price gap with Walmart tightened from 4.2% in February to 3.1%,” according to the firm. “Target’s basket price decreased sequentially by 0.8% compared with Walmart’s 0.3% increase.”

Target is the newest member of the U.S. Environmental Protection Agency’s GreenChill organization. The decision to join the group comes as Target has been expanding the frozen and refrigerated capacity in its stores at a breakneck pace as part of the PFresh remodeling program. Greenchill is an EPA partnership with food retailers to help them reduce refrigerant emissions and decrease their impact on the ozone layer and climate change.