Target

Target Makeover Continues as its No. 2 Executive Leaves
June 26, 2015 at 3:08 pm

Kathee Tesija, who rose from an entry-level analyst job to become the chief shaper of Target Corp.’s style and decider of all the things it sells, is leaving in the highest-level executive change since a new leader arrived 10 months ago. Tesija is ending a 29-year career with the Minneapolis-based retailer, the past seven as…

Target Lays Off 140, Eliminates 50 Other Jobs
June 18, 2015 at 3:44 pm

Target announced Wednesday that it's laying off 140 headquarters-based employees and eliminating another 50 jobs as part of a corporate restructuring. Most of the jobs being eliminated are part of the company's Business Performance Optimization Center of Excellence and "were places we identified redundancies or opportunities for greater efficiencies," Target spokeswoman Molly Snyder said in…

CVS to Buy Target’s Pharmacy Business for $1.9B
June 15, 2015 at 2:27 pm

CVS Health said on Monday that it had agreed to acquire the pharmacy and clinic businesses of Target for about $1.9 billion. Under the terms, CVS, which is based in Woonsocket, R.I., would acquire more than 1,600 pharmacies from Target in 47 states and operate them under the CVS brand name in Target stores. CVS…

Orbiting the Modern Customer
June 12, 2015 at 4:03 pm

Sometimes staring into the future of retail can look a bit like a sci-fi movie. From Rebecca Minkoff's interactive mirrors and dressing rooms to ThinFilm’s new smart tags that monitor the freshness of produce to Cubifiy’s in-home 3-D printer that can print shoes on demand, retailers and technology companies are striving to deliver customer experiences…

Target Hangs Up on More Customers
June 10, 2015 at 4:20 pm

Target is shutting down its wireless telecom service after offering it just two years, marking at least the second major business the retailer has exited in six months. Customers of Target’s Brightspot pre-paid wireless service are being notified the service will be terminated by the beginning of next year. Consumers won’t be able to activate…

Inside Target's Digital Revolution
June 4, 2015 at 12:58 pm

Target has been in the news a lot recently, and not always for the right reasons. First there was the massive data breach in December 2013, and more recently a website outage on the night of the much anticipated launch of the Lilly Pulitzer line at Target. It's not been all bad news, however. Target's…

Target Takes Aim at Mobile Shoppers
May 29, 2015 at 3:00 pm

Jason Goldberger, Target.com and mobile president, discusses the next phase of e-commerce and Target's big bet on supply chain infrastructure.

Target Settlement With MasterCard Falls Apart
May 26, 2015 at 4:25 pm

A $19 million deal between Target and MasterCard to settle lawsuits stemming from the retailer's massive pre-Christmas 2013 data breach has been scrapped because it failed to get enough support from the affected banks and credit unions. While the rejection sends the companies back to the drawing board, advocates for the financial institutions said they…

Target Bans Resellers After Last Month's Lilly Pulitzer Incident
May 21, 2015 at 4:04 pm

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,"…

Target Profits Jump 52% as Turnaround Starts to Pay Off
May 20, 2015 at 5:35 pm

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…