Target

In a rare interview, TJX CEO Carol Meyrowitz explained how conventional wisdom is wrong when it comes to T.J. Maxx and Marshalls. Meyrowitz says 85 percent of what the stores sell is from the same season and same year it was designed for, and 85 percent is purchased directly from manufacturers. Much is identical to what the brands sell in department stores, she insists.

Target confirmed that its website crashed for the second time in six weeks on Oct. 25, going down at approximately 12:50 p.m. EDT and then coming back up two hours later. Target.com also crashed on Sept. 13, after the retailer’s online introduction of its new line of Missoni apparel and items.

Target is facing new holiday pricing pressure as Walmart announced the launch of its Christmas price guarantee. Customers who purchase eligible products at Walmart anytime between Nov. 1 and Dec. 25, and then find those same products advertised for less at another store, will receive a Walmart gift card for the difference through Dec. 25. "The greatest gift we can give our customers this holiday is great low prices on the things they want most," explained Duncan Mac Naughton, chief merchandising officer, Walmart U.S. "Walmart is easing shopping stress this Christmas by allowing customers to shop when and how

It's hard to refrain from publishing constant new stories about the indignities of working at Target, America's most clean and attractive union-busting big-box store. There are all too many current and former Target employees anxious to send us stories of exploitation and generally disgraceful workplace conditions. 

Montreal -- A Thursday report in the Montreal Gazette said that Canadian Tire Corp. unveiled a new prototype on Wednesday in Bowmanville, Ontario, east of Toronto. The new store is 40% larger than a typical in-store automotive department and features a service area with a drive-in reception, a new auto detailing bay and a sound booth for customers to test in-car audio entertainment systems, GPS and car safety electronics. The test store is one of three opening in Ontario this year. Canadian Tire, which recently closed its purchase acquired sporting goods chain Forzani Group Ltd., is prepping for Target's

A former Target manager says that he was more or less forced to work through his mandatory breaks — and then fired for doing so. This prompted quite a few current and former Target workers to write to us with their own stories of Target employment woe.

Wal-Mart expects toys to be best-sellers this holiday season as its toy prices are lower than competitors Target and Kmart, according to a Bloomberg Industries analysis.

Target said Online President Steve Eastman has left the company, one month after the retailer’s website crashed from overwhelming demand for new designer apparel. Eastman left the company to “pursue other opportunities,” Target said in a statement. Target did not name a replacement in the press release.

New York City -- Target Corp. secured a new $2.25 billion unsecured credit facility, the retailer disclosed Friday in a filing with the Securities and Exchange Commission. Target could borrow up to as much as $500 million under the credit agreement. The agreement with Bank of American and Citibank will expire in October of 2016 unless it is extended. The current facility replaces a prior $2 billion credit agreement.

The photo of First Lady Michelle Obama shopping at Target made news because it's thought her retail forays are rare. But Mrs. Obama said she goes out more "than people realize."