Skip to main content

TARGET

  • Quri looks at health, beauty merchandising at Target, Rite Aid during awards shows

    SAN FRANCISCO — Performance-driven merchandising company Quri recently shared the results of its study examining the importance of continuous in-store merchandising execution data in helping health and beauty brands drive increased return on investment during awards season. 
     
  • Target’s bottom line impacted by sale of pharmacy business

    MINNEAPOLIS — Target’s sale of its pharmacy and clinic business to CVS Health, along with a 1.5% comparable store sales decrease led fourth-quarter sales to decline 4.3% year over year to $20.7 billion.

    However, the pharmacy sale did provide a boost to its selling, general and administrative expense rate, which dropped to 17.5% in its 2016 fourth quarter, compared to 18.1% in the same time period in 2015.

    Overall, Target reported Q4 adjusted earnings per share of $1.45 per share, down 4.6% versus 2015, falling short of Wall Street analyst estimates.

  • Target to ‘reimagine’ 600 stores in effort to bring back customers

    MINNEAPOLIS — Target on Tuesday announced it will spend more than $7 billion to grow sales faster, gain market share and adapt to guests’ rapidly changing preferences.

  • Target offers support to health, wellness start-ups

    MINNEAPOLIS — Target is prepping for another program aimed at start-ups, specifically those focused on health and wellness.
     
    The new program, called “Target Takeoff,” supports health- and wellness-related start-ups through a “mini-accelerator” effort that will help young companies develop and connect with the major retailers in town.
     
  • Study: Target manages to attract top talent

    Target leads other retailers when it comes to reaching and attracting qualified talent. 
     
    The discounter ranked the highest (at No. 26) among Fortune 500 retailers for employment branding in a study by global talent solutions company WilsonHCG. Target was followed by Publix (No. 42), The Home Depot (No. 50), Walmart (No. 64), Nordstrom (No. 77) and Whole Foods Market (No. 115). No retailer cracked the top 10, which was led by Gen-eral Electric, Johnson & Johnson and AT&T.  
        
  • Walgreens, Rite Aid, Walmart and Target oppose Border Adjustment Tax

    WASHINGTON, D.C. — More than 100 retailers and trade associations, including Walgreens Boots Alliance, Rite Aid, Walmart and Target, have joined the Americans for Affordable Products coalition in an effort to stop the Border Adjustment Tax, otherwise known as BAT, which is a component of the U.S. House Republican tax reform proposal.

  • Target reportedly backs off innovation to focus on core business

    MINNEAPOLIS, Minn. — On the heels of a less than stellar holiday, Target is scaling back on some parts of its innovation agenda in order to concentrate on its core business.
      
  • Third annual New General Market Summit set for April

    Drug Store News and Mack Elevation will co-host the third annual New General Market Summit April 4 in Minneapolis. The exclusive thought-leadership platform will assemble several leading CPG organizations that passionately connect with today’s ever-changing, ever more diverse consumer. 
     
X
This ad will auto-close in 10 seconds