A month after facing criticism over its handling of a designer collaboration, Target has apparently handed down a directive regarding resellers. It's the latest retailer to crack down on eBay and Amazon.com sellers who use retail stores to source inventory in what's known as retail arbitrage. On April 19, Target launched "Lilly Pulitzer for Target,"…
Despite an overall lackluster retail environment, Target Corp. reported a 52 percent increase in first-quarter profit, helped by operating improvements and an easy comparison to last year’s difficulties. The Minneapolis-based retailer beat analysts’ and its own expectations with a profit of $635 million in the quarter ended May 2, up from $418 million a year…
Home improvement retailer Lowe's has acquired the leases for 13 former Target locations in Canada, and plans to open up new stores that could employ as many as 2,000 people. The chain said it purchased the retail storefronts, as well as Target's former distribution hub in Milton, Ontario, for $151 million at an auction of the leases run by the court-appointed monitor overseeing the former retail chain's insolvency.
A proposed $19 million settlement between MasterCard and Target over the retailer’s 2013 data breach can move forward.
Learn four ways online retailers can increase consumer trust and how that increased trust can lead to an increase in online sales.
NAPCO Media, a leading B-to-B media company, today announced that Chris Lyons has joined the company as president/chief revenue officer of the Marketing and Retail sector, whose brands include Target Marketing, Retail Online Integration (ROI), Direct Marketing IQ, Who's Mailing What!, and eMarketing + Commerce (eM+C).
Target Corp. is responding to customers frustrated by their inability to buy items from the chain's Lilly Pulitzer collection. The limited-edition line went live in stores and online Sunday morning, with most of the items selling out within minutes. In a Q&A on Target's website, Chief Merchandising and Supply Chain Officer Kathee Tesija said that while Target's limited-edition designer collaborations often sell out, this one was unique "for how quickly our guests shopped and how much they purchased."
Target's exodus from Canada has left gaping holes at some of the most prominent shopping centers across the country, the biggest symbol of an exceptional period of retailing turmoil. As Target Canada closed the last of its 133 stores this month — completing the parent company's hasty retreat from its first international expansion, a move that prompted a $4.5 billion write-down — many landlords were left holding properties whose fates are uncertain. They, along with many other creditors, argue that Target is abusing Canadian law at their expense as it leaves the country after less than two years.
Target was hoping for a smooth launch for one of its most highly
anticipated designer collaborations in years. Instead, the discount
retailer's website was overwhelmed in the early hours on Sunday as
legions of fashionistas who had been up overnight tried to snap up
Lilly Pulitzer's fashions, only to encounter delays in the colorful
beachwear line's availability on Target.com and, in many cases, end
up empty handed. The incident has raised questions as to why the
retailer wasn't fully ready for the onslaught.