Target
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…
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…
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…
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…
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…
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.
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…
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,"…
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…
May 12, 2015 at 4:43 pm
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.
