Content about Gregg Steinhafel

January 14, 2014

Target is investing $5 million in a coalition of cyber-security organizations to launch a marketing campaign to educate the public about phishing scams and security, the mass merchandise retailer said.

December 23, 2013

The chief executive of Target is reaching out to consumers in the wake of the widespread hacking of credit and debit card data at Target stores that the company confirmed last week.

December 19, 2013

About 40 million credit and debit card accounts of Target customers were compromised between late November and the middle of this month, the mass merchandise retailer said Thursday.

December 18, 2013

As consumers are reaching the final days to squeeze in their holiday shopping, Target has announced some last-minute deals.

November 25, 2013

Target Corp. has donated $50,000 to assist in relief efforts in the Midwest following a devastating tornado outbreak there earlier this month.

November 21, 2013

Target Corp. posted sales of $17.3 billion in third-quarter 2013, a 4% increase over the same period last year, and a $341 million profit, down by 46.4% from a year ago, the mass merchandise retailer said Thursday.

September 19, 2013

Target is donating $25,000 for relief efforts in Colorado following devastating floods there, the mass merchandise retailer said Thursday. The donation includes $20,000 for the American Red Cross and $5,000 in food, water and baby items.

June 24, 2013

Beauty retailer Ulta Beauty has appointed former PepsiCo executive Mary Dillon as CEO and a member of the board, effective July 1. Interim CEO Dennis Eck will step down from his role at that time.

June 19, 2013

A top executive of Sears and Kmart is among the retail executives appointed to the board of directors of a retail industry lobbying group.

May 22, 2013

Colder weather and more conservative shoppers contributed to a drop in Target Corp.'s first quarter 2013 profits, but the company's underlying business remains healthy, executives said Wednesday morning in a conference call with investors.

March 14, 2013

Target has sold its consumer credit card portfolio to TD Bank Group for $5.7 billion, the mass merchandise retailer said.

February 27, 2013

Target is planning a rollout in Canada that will be bigger than any single year's worth of its store openings in the United States ever, executives of the company said Wednesday morning in a call with Wall Street analysts to discuss the mass merchandise retailer's fourth-quarter and full-year 2012 results.

January 8, 2013

Target Corp. has launched a campaign to price match online retailers, the mass-merchandise retailer said.

November 29, 2012

The retailer saw a worse than expected drop in same-store sales.

October 18, 2012

Target is enticing shoppers this holiday season with new initiatives, including price match, exclusive gift offerings and shoppable advertisements.

August 15, 2012

Target's second-quarter sales increased 3.5% to $16.5 billion and the company’s profits grew 2.9% to $1.06 per share, 5 cents higher than analysts expected.

August 8, 2012

The Retail Industry Leaders Association is urging President Barack Obama and Gov. Mitt Romney to consider the retail industry's role in the U.S. economy as the presidential candidates "advance their visions for the future."

July 5, 2012

Target reported a 2.1% same-store sales increase for the month of June that was toward the low end of the company’s expectations.

April 6, 2012

Target has committed $15,000 in cash and gift cards to assist the Texas communities impacted by recent tornadoes.

April 2, 2012

Target has brought in someone with both advertising and retail experience to oversee its marketing efforts.

March 1, 2012

Target reported a 7% same-store sales increase in February that shattered the company’s guidance for a 4% gain, thanks to unseasonably warm weather, which boosted shopper traffic and transaction sizes.

February 2, 2012

Target appears to have salvaged its fourth-quarter sales results with a 4.3% same-store sales increase in January to offset a disappointing 1.6% increase in December and a 1.8% increase in November.

January 24, 2012

Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.

January 5, 2012

Target chairman, president and CEO Gregg Steinhafel assured investors last month that December comps would exceed November’s 1.8% increase, but then Thursday morning reported a disappointing 1.6% increase and a reduced profit forecast.

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