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TARGET

  • Target comps light in November

    MINNEAPOLIS — Target reported November same-store sales increased 1.8%, which was toward the low end of the company’s guidance that called for an increase in the low to mid single-digit range.

  • Target gives back to schools

    MINNEAPOLIS — Target will donate $5 million to local schools nationwide as part of the company's commitment to give $1 billion for education by the end of 2015.

  • Target.com under new leadership

    MINNEAPOLIS — Target merchandising executive Casey Carl was given added responsibilities for the retailer’s online businesses, following a series of snafus related to an August relaunch that resulted in the departure of former online president Steve Eastman.

    Carl will serve as president of multichannel with responsibility for Target’s digital platforms including mobile, social and Target.com, while retaining his prior responsibilities as SVP merchandising for entertainment, toys, sporting goods and electronics.

  • Not Your Mother's bolstering distribution by 7,500-plus retail outlets

    TAMPA, Fla. — Hair care brand Not Your Mother’s has announced that it is adding more than 7,500 new retail outlets to its distribution in January.

  • Report: Target to sell Zellers pharmacy scripts, start over when stores re-open

    NEW YORK — Target is selling off the pharmacy business of the Zellers stores it bought as part of an effort to expand into Canada and start over, according to published reports.

    Toronto-based newspaper The Globe & Mail reported that Target would sell Zellers' scripts to other retailers as it prepared to close the stores down for remodeling. The company plans to re-open them as Target stores, with pharmacies, in 2013. Industry observers value Zellers' pharmacy business at about C$500 million, according to the newspaper.

  • Profits exceed estimates at Target

    MINNEAPOLIS — Profits at Target grew 10.2% to 82 cents in the third quarter, compared with 74 cents the prior year, thanks to healthy sales growth and ongoing improvement in the company’s credit card business.

  • American Express launches Target prepaid card

    NEW YORK — American Express has announced the launch of the American Express for Target card, a reloadable prepaid card with no monthly or maintenance fees, available exclusively at more than 1,000 U.S. Target stores.

  • CityTarget to open in Westwood, Calif.

    MINNEAPOLIS — Target is bringing its smaller-format store to the Los Angeles metropolitan area.

    The 98,000-sq.-ft. CityTarget, which will be located in Westwood, Calif., will open in July 2012. It is the second store of its kind confirmed in the area, with the first being open in October 2012 in downtown Los Angeles.

    Target currently has 58 other stores in Los Angeles.

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