Target 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.
Another 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.
We are learning more about one of the six Minnesota men accused of trying to join ISIS. The sister of 20-year-old Guled Omar spoke to WCCO Wednesday evening. “I believe that my brother is innocent and that he didn’t do anything wrong,” Shukri Omar said.
Target Corp. is reportedly raising its minimum wage for all workers to $9 an hour in an effort to compete with rivals such as Walmart.
Target Corp. announced Wednesday that the discount retailer is expanding its return policy from 90 days to one year for purchases of all Target-owned and exclusive brands.
A new round of layoffs will reportedly begin Tuesday at Target’s Minneapolis headquarters, one day after Gov. Mark Dayton met with the company’s CEO. Employees said that a couple dozen upper managers were let go on Monday.
Target’s massive workforce reduction is the latest milestone in a company that has long and colorful history in Minnesota. The Dayton Company, which had popular department stores throughout the Twin Cities, decided to launch something new in 1961 — a discount chain.
These are the four stories you need to be aware of for Tuesday, March 10. They include the University of Oklahoma fraternity that was busted after being caught saying a racist chant, and Uber’s promise to boost gender parity in their driving force.
Gov. Mark Dayton says he’s received assurances from Target Corp.’s chief executive that the company will keep a robust corporate presence in Minnesota.
Last week, the news broke that Target Corp. plans to lay off several thousand employees at its Minneapolis and Brooklyn Park corporate headquarters.
Gov. Mark Dayton is seeking a meeting “as soon as possible” with Target Corp.’s chief executive about the significant layoff affecting employees at the company’s Minnesota headquarters. Dayton told reporters Wednesday that he did not get advance warning as is customary with major jobs announcements of state-based corporations.
The Minneapolis-based Target Corp. is reportedly shedding 550 jobs in Minnesota following the discount retailer’s retreat from Canada.
Target Corp. has named a General Motors executive to be chief risk and compliance officer as the retailer continues to overhaul its security department in the wake of last year’s massive data breach.
Target Corp. is offering for the first time free holiday shipping on all items, including even $6 lipsticks, as the discounter throws itself in the ring to compete better with the likes of Amazon.
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Target Corp.’s final shareholder vote tally is showing some dissent against key board members. All 10 nominees were elected to the board Wednesday at the discounter’s annual shareholders’ meeting.
Target says its shareholders approved all 10 nominees to the company’s board of directors despite recommendations from a prominent proxy advisory firm to get rid of the majority in the wake of a data breach. Institutional Shareholder Services last month targeted those members who serve on the company’s audit and corporate responsibility committee.
Target Corp. has named Brad Maiorino as chief information security officer as the company overhauls its security department in the wake of a massive data breach. The nation’s third-largest retailer, based in Minneapolis, said Tuesday that Maiorino will join the company Monday and be responsible for the company’s information security and technology risk strategy.
Target Corp. is in the crosshairs of a fight over gun rights. Moms Demand Action for Gun Sense in America is trying to pressure the Minneapolis-based retailer into prohibiting customers from carrying guns in its stores. It’s an attempt to counter gun owners in some states who’ve been shopping and dining with rifles slung over their shoulders to asset their rights to openly carry firearms in public.
Target is having an identity crisis. The nation’s third largest retailer was once high-flying, but now it’s struggling to find its place in the minds of American shoppers. Once known for its cheap chic fashions, Target faces competition from trendy chains like H&M.
Target Corp. has acknowledged its security software picked up on suspicious activity after a massive cyberattack was launched, but it decided not to take immediate action. The acknowledgement comes after Bloomberg Newsweek reported Thursday that Target’s security team in Bangalore received security alerts on Nov. 30 that indicated malicious software had appeared in its network.
Target is under fire once again after a front-page article in Bloomberg BusinessWeek says the company ignored an early warning from its own cybersecurity firm that it had been attacked. The news magazine is reporting that Target received the warning on Nov. 30. Previously, Target CEO Greg Steinhafel said he learned of the breach on Dec. 15. The public was notified Dec. 19.
The data breach at Target Corp. that exposed millions of credit card numbers has focused attention on the patchwork of state consumer notification laws and renewed a push for a single national standard.
The departure of Target’s chief information officer in the wake of the company’s massive pre-Christmas data breach highlights the increased pressure facing executives who are charged with protecting corporate computer systems from hackers whose attacks are on the rise and becoming more sophisticated. Years ago, the job of a CIO focused mainly on the upkeep of computer systems. In their largely behind-the-scenes rolls, most of their major decisions centered on the kinds of technological innovations a company would adopt, when and how much to pay for systems upgrades and the creation and maintenance of company websites.
Target Corp. Chief Information Officer Beth Jacob is resigning effective Wednesday as the retailer overhauls its information security and compliance division in the wake of a massive pre-Christmas data breach.