Target
This year retailers are commemorating the Sept. 11 anniversary through charity. Companies such as Target, Best Buy, Neiman Marcus and Groupon partnered with the 9/11 Day of Service project and other nonprofits like MyGoodDeed.org to sponsor city-wide service projects across the country on Sept. 11, including clean-up and restoration efforts.
Some priceless publicity to cement Targetโs image as the cool place to shop came courtesy of The New York Times this week. The newspaper reported on and featured a video on its website of the retailerโs back-to-college efforts, which included chartering busses to ferry thousands of kids to its stores at 66 campuses nationwide. The program has been in place for roughly a decade, and the Times reporter who visited the campus at the University of North Carolina, where more than 2,000 freshmen participated, discovered a unique approach to currying favor with a new generation of consumers. Click here
Target opened a Missoni pop-up store in Manhattan on Sept. 8. Open for three days only for New York's Fashion Week, the pop-up store features a 25-foot tall doll in bright zigzag knits from Italian fashion house Missoni. Four puppeteers will operate the doll, called "Little Marina," moving her head and hands as she texts on her giant smartphone.
New companies are gaining ground on retail giants like Amazon, Walmart and Best Buy, according to Stores Magazines Favorite 50 Online Retailers survey. Conducted by BIGresearch, the survey found Macys, Forever 21, Aeropostale and Nordstrom each gained ground with online shoppers this year. Amazon.com, Walmart.com, eBay.com, BestBuy.com and JCPenney.com maintained the top five spots. Macys.com joined the top 10 for the first time, in part because of its new exclusive private labels. Tween and teen apparel retailers Forever21.com and Aeropostale.com both significantly improved their position from last year's ranking, performing above expectations. Nordstrom.com and GameStop.com both made the list
The new Target.com website went live last Tuesday just as Target News Now was hitting in-boxes with an item about the relaunch that began, โJust launch the new site already.โ Well, now that the completely reengineered site is operational, it marks the companyโs first step on an ambitious plan for multi-channel expansion, according to Target.com president Steve Eastman. โEstablishing a new platform for Target.com allows Target to reinvent our guestsโ online environment and create a more user-friendly, reliable experience,โ Eastman said. โWith the new Target.com, we are in a better position to satisfy our guestsโ constantly evolving preferences โ
The oppressive heat waves across the country have ended. Summer camps are coming to a close and children are scrambling to finish the reading lists they've ignored all summer. This can only mean one thing โ the first day of school is just around the corner.
MINNEAPOLIS โ Target Corp. reported a 3.7% increase in second-quarter net earnings to $704 million, or $1.03 per share, beating the consensus projection of 97 cents per share among analysts. "Weโre very pleased with our second-quarter financial results, which benefited from an acceleration in the pace of our comparable-store sales growth," said Gregg Steinhafel, chairman, president and chief executive officer, in a statement. "We continue to focus on strong execution of our strategy, preparing Target to perform well in a variety of economic environments." Targetโs retail segment turned in a 5.1% increase in sales to $15.9 billion that was
Target reported a 3.7 percent increase in second quarter net earnings to $704 million, or $1.03 per share, beating the consensus projection of 97 cents per share among analysts.
With the changing economy, mega-retailer Walmart faces a price competition from higher -- and lower-priced stores A Walmart store. (ROBYN BECK/AFP/) JEREMY HOBSON: We'll get quarterly earning reports this morning from Target and Abercrombie and Fitch -- and maybe they'll say something that'll lighten the mood in the retail sector after Walmart said yesterday that its US sales were down for the 9th straight quarter. So what's the matter with the world's largest retailer? Here's Marketplace's Eve Troeh. Eve Troeh: Walmart has always sold itself as a low-price leader. And customers bought that, until the last few
The big relaunch of Targetโs digital platform isnโt due until later this fall, but that didnโt deter the company from offering plenty of ways to interact electronically with the brand for back-to-school shopping.