Content about Gregg Steinhafel

March 3, 2011

Grocery gains again fuel Target’s comp growth

February same-store sales at Target advanced 1.8%, thanks to the addition of fresh food and consumables that are part of an aggressive remodeling program causing more people to shop its stores.

February 24, 2011

Target turns in a solid year

Fourth-quarter earnings per share at Target advanced 17% to $1.45, compared with $1.24 the prior year, thanks to a seven-cent-per-share tax benefit.

February 3, 2011

Target hopes PFresh, savings program will drive sales

Target said that although its comparable-store sales were below expectations in the South and Northeast, the company believes overall sales will be driven by two of its recent initiatives.

January 14, 2011

CMO to oversee Target's Canadian venture

Target announced that its chief marketing officer, Michael Francis, will serve as the executive committee sponsor of Target’s entrance into the Canadian market. In this role, Francis will oversee the extension of Target’s brand as part of the corporation’s first-ever expansion of its stores beyond the United States, the company reported.

January 11, 2011

Target names executive committee members

Two leaders of Target have been appointed to the retailer's executive committee.

January 6, 2011

Target ekes out disappointing 0.9% comp in December

Despite an easy prior-year comparison, Target fell short of its December same-store sales guidance with a disappointing 0.9% gain.

December 2, 2010

Target reports blowout November

Same-store sales surged 5.5% at Target during November, exceeding the company’s guidance and analysts’ expectations for a low-single digit gain.

September 26, 2010

Big things come in small packages at Target

Target reportedly is scaling back with a new small urban format....