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Retailer

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Target Debuts Image-Recognition Shopping App

Target is introducing an app that lets users purchase items after scanning magazine ads with their smartphones. It’s the latest offering from retailers looking to boost sales with the use of improving image-recognition technology.

07/22/2014

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Target 1Q Profit Falls 16 Percent As Breach Takes Toll

Target cut its annual profit outlook Wednesday and said its first-quarter earnings fell 16 percent as it took another hit from a massive customer data breach and a troubled expansion in Canada.

05/21/2014

Mark Schindele (credit: Target)

Target Fires President Of Canadian Operations

Target has fired the president of its troubled Canadian operations, Tony Fisher, and is replacing him with a 15-year U.S. company veteran. The executive shakeup in Canada comes two weeks after the abrupt resignation of Target’s CEO and Chairman Gregg Steinhafel.

05/20/2014

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Target 3Q Results Mixed, Cuts 2013 Profit Outlook

Target Corp.’s third-quarter net income dropped 47 percent, stung by costs related to its expansion into Canada. Its adjusted profit beat analysts’ estimates, but revenue fell short. The department store operator also lowered its full-year adjusted earnings forecast.

11/21/2013

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Target Apologizes For Labeling Plus-Size Dress ‘Manatee Gray’

Target has apologized to customers after some took issue with how clothing meant for plus-sized shoppers was labeled.

04/05/2013

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Neiman Marcus: Latest Luxury Retailer Calling It Quits In MN

Neiman Marcus is the latest luxury retailer saying goodbye to Minnesota, and it might have a lot to do with how much Minnesotans are able to spend these days.

07/23/2012

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Best Buy CEO Resigns Amid Internal Investigation

Best Buy CEO Brian Dunn abruptly resigned on Tuesday after the embattled consumer electronics chain launched an internal investigation into his “personal conduct.”

04/10/2012

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Best Buy To Close Stores After Dismal Earnings Report

Best Buy Co. said it plans to close 50 big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss partly due to restructuring charges, but its adjusted results topped Wall Street’s expectations.

03/29/2012

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Best Buy Among ‘Most Hated’ For Customer Satisfaction

When Richfield-based Best Buy made the news back in December, it wasn’t good. The company had to apologize to thousands of customers after the orders placed after Thanksgiving couldn’t be delivered in time for Christmas.

01/18/2012

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Black Friday: Let The Deals Begin!

Two hours before Black Friday officially began, many shoppers were already waiting in lines, hoping to be the first one through the door.

11/24/2011

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Best Buy Drops $10 Fee For Electronics Recycling

Best Buy Co. Inc. is eliminating a $10 fee that covered many items disposed of through its in-store electronics recycling program.

11/11/2011

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Target’s Online President Departs

Target Corp. says the head of its online business has left the company.

10/13/2011

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Target’s Website Crashes

Sometimes, a fashion launch is just too enticing. Target Inc.’s entire website crashed Tuesday, the day the cheap chic retailer launched the online sale of its limited offerings of Missoni for Target.

09/13/2011

Target shopping carts sit in the parking lot outside of a Target store in Daly City, Calif. (credit: Justin Sullivan/Getty Images)

Target February Revenue Figure Up 1.8 Percent

Target said Thursday that a key revenue figure rose 1.8 percent for February, helped by sales of fresh food and by shoppers with its branded cards taking advantage of a 5 percent discount, but the results missed analyst expectations.

03/03/2011

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