Target

U.S. Retail Sales Up in June
July 8, 2010

Same-store sales, excluding Walmart, saw a 3.2 percent gain in June, up from May's 2.7 percent increase, according to Retail Forward's monthly report for 31 retailers. Last month's increase also topped June 2009's 4.7 percent decline, evaluated without Walmart. "The June results are positive, but the recovery in retail sales will be challenged in the coming months as long as doubts grow among shoppers," says Frank Badillo, senior economist at Retail Forward. "And it's clear that the news from the Gulf to Europe is starting to affect the outlook among shoppers." Among the biggest gains: Nordstrom (14.1 percent), Zumiez (10.9

U.S. Retailers Willing to Travel for Growth
July 6, 2010

As Americans' love affair with shopping cools, retailers are venturing overseas in search of growth. Bloomingdale's and Crate & Barrel each opened their first store outside the U.S. in Dubai this year. Abercrombie & Fitch just opened its first store in London. Sears has begun shipping tools and clothing to 90 countries. Macy's is looking at going into China. And Target, the discount chain that for a decade has resisted Wall Street pressure to expand internationally, revealed this spring that it wants to open stores outside the U.S. and is looking at Canada, Mexico and Latin America.

Retailers Get Creative in Efforts to Stimulate Sales
July 6, 2010

Tired of waiting for spending to rebound on its own, retailers are taking matters into their own hands. Stores like Samโ€™s Club, Target, Toys โ€œRโ€ Us, Staples and Office Depot are offering unconventional promotions meant not only to attract visitors to stores, but also to get them feeling profligate.

Target gears up for Manhattan debut
July 2, 2010

Target plans to hold its grand opening for its first store in Manhattan, in East Harlem, on July 25. Target said the store would feature more space devoted to fresh food, everyday essentials and home basics geared for apartment living.

Target to Roll Out Discounts on Store-Brand Credit Card to Drive Sales
June 22, 2010

This fall, customers using Target-branded credit cards will a get 5 percent discount on every purchase at its stores. Gauging by the results of an eight-month test Target recently concluded in Kansas City, the company expects the program to drive a 1 percent to 2 percent nationwide increase in sales at stores open at least a year by luring shoppers to its stores more frequently to take advantage of the savings.

How the Big Boys Chase Innovation
June 8, 2010

On day two of the Retail Marketing Conference in Orlando, Fla., last month, a panel of executives from Best Buy, Dell and 1-800-Flowers.com took part in a roundtable discussion on how their businesses have evolved their brand, e-commerce and marketing strategies to differentiate themselves from their competition through innovation.

Merchants Brace for Higher Production Costs
June 2, 2010

Retailers have been plagued by issues; some have suffered from product misses, others from deep discounts, and everyone has been hurt by the decline in consumer spending. But one factor that has actually been a positive for the sector may now begin to put pressure on retailers. After a decade of a favorable sourcing environment, the cost of production is rising. Prices for cotton have nearly doubled over the last year, capacity in China is drying up and freight costs are expected to rise. And retailers, who have finally begun to regain their footing, will now be forced to up their prices to pass along some of the costs to consumers.

Wal-Mart Cuts Prices, Replenishes Inventory in Advance of Summer Season
June 2, 2010

The sharp cuts at U.S. Walmart stores, which came ahead of Memorial Day weekend, have already pushed rivals such as Target into price wars. And the markdowns are expected to keep coming throughout the summer. They're one of the boldest moves the world's largest retailer is making to turn around sluggish business at its U.S. namesake chain and win back shoppers from rivals. The cuts aren't across the store but target 22 foods and other essentials at an average savings of 30 percent โ€” splashy enough to get attention and perhaps change perceptions. The retailer is also restoring items like certain soups and laundry detergent it stopped carrying when it tried to declutter its stores. It's also pushing more basic clothing such as socks and underwear after putting too much focus on trendy items that didn't sell.

How to Be A Great Pick-Up Artist
June 1, 2010

Many online retailers today offer some type of site-to-store option, such as in-store pickup from store inventory, ship-to-store or a combination of the two. As a result, now is a great time to look at what site functionality and enhancements retailers should consider leveraging when it comes to site-to-store options. What strategy changes would better engage consumers, and why should you spend scarce dollars on these options?

Kohl's Looks to Canada for Store Expansion
May 27, 2010

Kohlโ€™s is scouting out locations in Canada in a preliminary look at bringing its mid-priced department stores to the country, industry sources say. U.S. retailers, grappling with economically fragile consumers at home, are increasingly turning to Canada for more fertile ground. Some of them, including Kohlโ€™s, had counted on adding new stores in states such as California, Florida and Arizona but those markets were ravaged in the recession. Now clothier J. Crew, discounter Target Corp. and lingerie retailer Victoriaโ€™s Secret are among U.S. merchants preparing to take the leap across the border.