Target

Target offers lesson in loyalty to college kids
September 13, 2011

Some priceless publicity to cement Targetโ€™s 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 retailerโ€™s 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 Opens Missoni Pop-Up Store in New York
September 9, 2011

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.

Top 50 Online Retailers Released
September 1, 2011

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

Targetโ€™s new website is slammed
August 29, 2011

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, โ€œJust launch the new site already.โ€ Well, now that the completely reengineered site is operational, it marks the companyโ€™s first step on an ambitious plan for multi-channel expansion, according to Target.com president Steve Eastman. โ€œEstablishing 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. โ€œWith the new Target.com, we are in a better position to satisfy our guestsโ€™ constantly evolving preferences โ€“

What to Expect This Back-to-School Season
August 19, 2011

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.

Target second-quarter profit beats expectations
August 18, 2011

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. "Weโ€™re 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." Targetโ€™s retail segment turned in a 5.1% increase in sales to $15.9 billion that was

Target Q2 Profit Beats Expectations
August 18, 2011

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.

How long can Walmart remain the low-price leader?
August 17, 2011

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

Itโ€™s the Most Social Time of the Year
August 12, 2011

The big relaunch of Targetโ€™s digital platform isnโ€™t due until later this fall, but that didnโ€™t deter the company from offering plenty of ways to interact electronically with the brand for back-to-school shopping.