Skip to main content

Target, Inc.

  • Target's 3Q Profit Jumps on Revenue, Mervyn's Sale

    MINNEAPOLIS - Target Corp. reported yesterday a 78 percent jump in its third-quarter profit, thanks in part to the sale of its Mervyn's department store chain and an 11 percent increase in revenues.

  • Survey: Supermarket Seen as Convenient Place to Bank

    ATLANTA - When it comes to convenient banking, the supermarket can't be beat, according to participants in a Market Pulse Survey conducted by IBT, a branch banking consultancy based here.

  • Target Donates $13 Million to Schools Across U.S.

    MINNEAPOLIS - Target, through its Take Charge of Education school fund-raising program, has awarded $13 million to schools across the country. The donation was the company's second check donation this year.

  • Report: Most Americans Shop at Wal-Mart

    COLUMBUS, Ohio - Wal-Mart's shoppers, which now include half of all U.S. primary household shoppers, are a varied bunch -- but its supercenter shoppers are the most loyal, according to a new report from Retail Forward, a consultancy based here.

  • Wal-Mart Cuts Expectations in Face of Weak August Sales

    BENTONVILLE, Ark. - In response to weaker-than-expected August sales for retailers, Wal-Mart Stores, Inc. cut back its financial forecasts.

  • Target Completes Mervyn's Sale

    MINNEAPOLIS - Target Corp. completed the sale of its Mervyn's department store division -- a promotional, middle-market department store with 257 stores in 13 states primarily in the West and South -- to an investment consortium, as well as the divesture of Mervyn's $475 million credit card receivables to GE Consumer Finance.

  • Target Contractor Faulted on Janitors' Pay

    WASHINGTON - The U.S. Department of Labor said last week it had reached a $1.9 million agreement with Global Building Services, which supplies janitors for Target Corp., after finding that the contractor had not paid overtime to hundreds of immigrant workers who often worked seven nights a week.

  • Target Said to Have J Sainsbury in Sights for International Expansion

    NEW YORK - Minneapolis-based Target Corp. is setting its sights on an overseas acquisition, possibly in the United Kingdom, according to several reports in the British press. The chain is rumored to be considering supermarket chain J Sainsbury, among others, as a target, although retail analysts told Progressive Grocer they question the likelihood that the mass merchant would make such a move in the ultracompetitive U.K. retail market.
X
This ad will auto-close in 10 seconds