Target Announces Expansion For Dense Urban Areas (Outside Minnesota)Target is looking to expand in the New Year. The retail giant is planning to open at least 11 stores in dense urban areas, including Philadelphia and Chicago.
Bruce Dayton, Target Co-Founder & Governor's Father, Dies At 97Minnesota remembers business legend Bruce Dayton, who passed away at his home Friday at the age of 97. He was the last of the Dayton brothers who grew Dayton's Department Store into the Target Corporation. And he is the father of Minnesota's governor, Mark Dayton.
Target To Be Open (Again) At 6 P.M. On ThanksgivingTarget will open its doors at 6 p.m. on Thanksgiving Day, the same time as last year.
Target Adds Executive For New Role In OperationsTarget continues to reshape its management under its CEO Brian Cornell who came on board in just over a year ago. The Minneapolis-based discounter has named Anu Gupta to a newly created role of senior vice president of operational excellence. She will lead a team that will simplify processes across the business to help the discounter react quickly to shoppers' needs.
At Fall Rally, Target CEO Says The Company Is 'Turning The Corner'It's been a rough couple of years for tens of thousands of workers at Twin Cities-based Target Corporation.
Target Pushes Innovation But Also Promises To Fix The BasicsTarget is using a group of 25 stores in the Los Angeles area to pull together the retailer's top 50 innovations from electronic tags to adviser services in the baby department. The program will start by early next year. Target will also plans to open a futuristic store in the next 18 to 24 months that will serve as a laboratory for innovation.
Target Lays Off Another 235 In Twin CitiesAnother round of layoffs has struck Target Corp. in the Twin Cities. The company eliminated 235 positions Tuesday from its headquarters in Minneapolis and satellite offices in St. Louis Park and Brooklyn Park. It also cut 40 positions from its IT Center in India.
Target Is Getting Its Groove Back: Turnaround Takes HoldTarget is on its way back. Shoppers are visiting the company's stores more often and spending more on each trip, the Minneapolis-based discount-store chain said Wednesday. The company raised its annual profit outlook and said its second-quarter net income more than tripled. The upbeat report is evidence efforts to spruce up fashions and other merchandise are paying off for CEO Brian Cornell.
Target Reaches Deal To Settle Breach Claims With VisaTarget has reached a deal to pay up to $67 million to settle Visa claims related to a massive 2013 data breach that resulted in the theft of millions of debit and credit card numbers. Both Target Corp. and Visa Inc. confirmed the agreement Tuesday, but wouldn't put a dollar amount on the deal.
'TargetExpress' & 'CityTarget' Stores To Be Renamed 'Target'More than a dozen Target stores will have different names by fall. The Minnesota company said Tuesday it is rebranding its 14 Target Express and City Targets across the country. Those are smaller, urban stores like the one in Minneapolis' Dinkytown neighborhood.
Target Beating Wal-Mart In Race For TurnaroundTarget is reporting a 52 percent increase in its first-quarter profit on solid sales of fashion and baby items, offering evidence that its efforts to spruce up its merchandise are paying off. The retailer, based in Minneapolis, also boosted the top end of its annual profit outlook.
Target Corp. Cuts 140 More JobsAnother 100 people lost their jobs at Target Corporate offices on Thursday, as a continuation of its corporate structuring. The jobs eliminated were administrative assistant positions.