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Target Corp.

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Douglas Dayton, Founder Of Target Stores, Uncle Of Governor, Dies

Douglas Dayton, who led the transformation of a family department store into retailing giant Target Corp., has died at the age of 88. Dayton’s wife, Wendy Dayton, confirmed his death Sunday. She said the resident of Wayzata, west of Minneapolis, died Friday after a long battle with cancer. Douglas James Dayton was the youngest of George Nelson Dayton’s five sons who took over the family’s downtown Minneapolis department store from their father in 1948. Douglas Dayton started working in the family business after serving in an Army infantry division in Europe during World War II, where he was injured and received a Purple Heart.

07/06/2013

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Target Ad Campaign Puts Food In The Spotlight

Is Target’s grocery aisle ready for its close up?

01/04/2013

(credit: CBS)

Target’s Commons Include A Basketball Court, Fitness Studio & More

Target Corp. has a new building for employees. Target Plaza Commons is a center to help create dynamic and flexible meeting spaces, and provide wellness activities for Target workers.

10/02/2012

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Target’s June Revenue Gauge Rises, But Misses View

Discount retailer Target Corp. says a key revenue measure rose 2.1 percent in June as shoppers spent more on food and health and beauty items.

07/05/2012

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Target’s 1Q Profits Up 1.2 Percent

Target Corp. raised its profit outlook Wednesday after reporting better-than-expected first-quarter results that were boosted by increased spending on food and cheap chic fashions.

05/16/2012

(credit: CBS)

Target’s 1Q Profits Up 1.2 Percent

Target Corp. reported a 1.2 percent increase in first-quarter profit and raised its earnings forecast for the full year due to strong sales of its food and cheap chic fashions.

05/16/2012

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Target Phasing Out Amazon’s Kindle

Target Corp. is phasing out Amazon.com Inc.’s e-reader Kindle at its more than 1,700 stores and its website.

05/02/2012

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

Target March Sales Figure Up 7.3 Percent

Target Corp. said Thursday a key sales figure rose a better-than-expected 7.3 percent in March, helped by warm weather. The discounter, with headquarters in Minneapolis, boosted its first-quarter earnings outlook based on solid results.

04/05/2012

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Target Pulls Card Poking Fun Of Whitney Houston

Target is pulling a greeting card that makes fun of the late singer Whitney Houston’s penchant for bad boys.

02/29/2012

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Target’s 4Q Profit Declines 5.2 Percent

Target Corp. reported a 5.2 percent drop in earnings for the fourth quarter, as big discounts to get tight-fisted shoppers to buy during the holiday season eroded profits.

02/23/2012

(credit: CBS)

Target Names New Chief Financial Officer

Target is promoting John Mulligan to chief financial officer. The move is effective April 1.

01/24/2012

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Target Suspends Effort To Sell Card Portfolio

Target Corp. says it is temporarily suspending its efforts to sell the portfolio that handles the balances credit cardholders owe the company, but plans to resume the talks later this year.

01/18/2012

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Target Will Buy Back Up To $5B In Shares

Discount chain Target Corp. says it will buy back up to another $5 billion in shares under a new stock repurchase program.

01/12/2012

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Target Recalls Flashlights Over Burn Hazard

Target stores are recalling an LED flashlight set after two customers reported receiving minor burns using them.

01/05/2012

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

Target Cuts Outlook After Dec. Misses Expectations

Target lowered its earnings expectations Thursday following a disappointing December, with consumers waiting until the last minute to shop as well as weak sales of electronics.

01/05/2012

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