Target Corporation (TGT) - NYSE
  • Jul. 20, 2015, 1:38 PM
    • A bold forecast from Cowen Research on Amazon has some deep implications for the broad retail sector if it proves accurate.
    • Cowen sees Amazon nabbing 14% of the U.S. apparel and accessories market by 2020, up from ~5% this year.
    • The Amazon Effect impacts retail companies differently depending on if they sell their brands on the Amazon website and at what prices. Chains that could see an impact from a higher level of apparel buying through Amazon include Macy's (NYSE:M), Dillard's (NYSE:DDS), J.C. Penney (NYSE:JCP), Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF), L Brands (NYSE:LB), Kohl's (NYSE:KSS), Pacific Sunwear (NASDAQ:PSUN), and Zumiez (NASDAQ:ZUMZ). The trend also puts high-end sellers such as Kate Spade (NYSE:KATE) and Michael Kors (NYSE:KORS) in a tighter box on how to sell through Amazon.
    • A disturbing trend for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) is that a higher percentage of their customers also bought apparel through Amazon in the first half of 2015.
    | Jul. 20, 2015, 1:38 PM | 28 Comments
  • Jul. 15, 2015, 8:56 AM
    • Today's promotional battle between Wal-Mart (NYSE:WMT) and Amazon (NASDAQ:AMZN) could have two winners (besides consumers) and many losers, according to retail analysts.
    • The retail machines could pull forward some back-to-school sales away from rivals and smaller chains without the online reach.
    • Shopatron's John Pincott notes it's nearly impossible for consumers to miss the Amazon and Wal-Mart deals due to the broad marketing efforts and allure of a Black Friday-type event.
    • Amazon initiated the promotional battle with a one-day sale celebrating the company's 20th anniversary, while Wal-Mart continues to counterpunch against the moves coming out of Seattle.
    • Margin worries will continue to be in the background while the heavyweights slug it out for top-line growth.
    • What to watch: Companies in the line of fire of the promotional salvos include Staples (NASDAQ:SPLS), Best Buy (NYSE:BBY), Target (NYSE:TGT), Costco (NASDAQ:COST), and Office Depot (NASDAQ:ODP). There's also an alarming trend in play for department stores (JCP, DDS, KSS, M, TJX) with more BTS family shopping for clothing turning online.
    | Jul. 15, 2015, 8:56 AM | 22 Comments
  • Jul. 13, 2015, 8:00 AM
    • Wal-Mart (NYSE:WMT) plans to launch an aggressive online sale on Wednesday in a countermeasure to Amazon's (NASDAQ:AMZN) Prime Day savings promotion on July 15 for Prime members.
    • Sales on over 2K items will be rolled back at Wal-Mart for at least 90 days.
    • The company has also lowered the minimum order amount to qualify for free shipping to $35 from $50 for at least a month.
    • Best Buy (NYSE:BBY) and Target (NYSE:TGT) are also looking for a July sales boost with Black Friday sales planned around the timing of the Amazon event.
    | Jul. 13, 2015, 8:00 AM | 62 Comments
  • Jul. 11, 2015, 1:14 PM
    • It has become quite a bit easier for large retail chains to go with the "Made in the USA" mantra due to the higher cost of producing goods in China.
    • Chinese labor costs on average are now 61% of the level of the U.S. compared to just 17% about 15 years, according to an estimate from Boston Consulting Group.
    • That 39% edge is reduced even further if transport and supply chain costs are factored in.
    • Wal-Mart (NYSE:WMT) and Nike (NYSE:NKE) are two of the majors buying more from U.S. suppliers due as much to the economic benefit as the patriotic flavor. Target (NYSE:TGT), Macy's (NYSE:M), and Costco (NASDAQ:COST) have also highlighted American product lines recently.
    | Jul. 11, 2015, 1:14 PM | 18 Comments
  • Jul. 10, 2015, 8:21 AM
    • Target (NYSE:TGT) takes on the Internet of Things concept with the unveiling of a new lab in San Francisco open to the public.
    • The Target Open House store will demonstrate the various ways household functions can be tied together by digital technology.
    • The company plans to use the store to test which connected household products might sell well on a broader scale.
    • One example of a connected house feature is the automatic brewing of coffee when a baby wakes up early in the morning.
    | Jul. 10, 2015, 8:21 AM | 1 Comment
  • Jul. 9, 2015, 12:15 PM
    | Jul. 9, 2015, 12:15 PM | 41 Comments
  • Jun. 26, 2015, 8:51 AM
    • BMO Capital downgrades Target (NYSE:TGT) to Market Perform from Outperform with the analyst team expressing a bit of concern over the sudden exit of CMO KathrynTesija
    • Tesija has been in the middle of Target's fresh food initiative and Lilly Pulitzer roll-out.
    • Though a change in strategic direction isn't expected from the company, the senior management direction has been unsettled.
    • Previously: Target reassigns its Chief Merchandising Officer (Jun. 25 2015)
    | Jun. 26, 2015, 8:51 AM | 2 Comments
  • Jun. 25, 2015, 9:19 AM
    • Target (NYSE:TGT) announces Chief Merchandise Officer Kathryn Tesija will transition to a strategic advisory role at the company on July 6.
    • A statement from CEO Brian Cornell didn't clarify the rationale behind the executive management shakeup.
    • SEC Form 8-K
    | Jun. 25, 2015, 9:19 AM | 4 Comments
  • Jun. 18, 2015, 5:23 PM
    • Target (TGT +1.3%) laid off another 140 workers at its corporate headquarters, according to the Minneapolis Star Tribune.
    • After the most recent round of paring, Target will have cut the number of employees from its Twin Cities HQ by 20%.
    | Jun. 18, 2015, 5:23 PM | 6 Comments
  • Jun. 15, 2015, 7:15 AM
    • CVS Health (NYSE:CVS) acquires the pharmacy and clinic business of Target (NYSE:TGT) for $1.9B.
    • The deal will cover more than 1.6K locations spread across 47 different U.S. states.
    • The pharmacies will continue to operate within Target stores rebranded under the CVS format.
    • The agreement also calls for Target and CVS to partner on ten new small-format stores.
    • Target sees extra traffic resulting from the strategic agreement with CVS, while the expansion falls under a plan to CVS to grow its store base.
    | Jun. 15, 2015, 7:15 AM | 19 Comments
  • Jun. 9, 2015, 11:08 PM
    • Target (NYSE:TGT) declares $0.56/share quarterly dividend, 7.7% increase from prior dividend of $0.52.
    • Forward yield 2.84%
    • Payable Sept. 10; for shareholders of record Aug. 19; ex-div Aug. 17.
    | Jun. 9, 2015, 11:08 PM | 6 Comments
  • Jun. 9, 2015, 11:04 PM
    | Jun. 9, 2015, 11:04 PM | 20 Comments
  • Jun. 9, 2015, 4:36 PM
    | Jun. 9, 2015, 4:36 PM | 9 Comments
  • Jun. 9, 2015, 3:40 PM
    • Target (TGT) approves adding $5B to its share repurchase agreement.
    • The company's total buyback allowance is now $10B of which $3.7B was burned through at the end of Q1.
    | Jun. 9, 2015, 3:40 PM | 8 Comments
  • Jun. 3, 2015, 10:58 AM
    • Target's (TGT +0.7%) clothing lines this fall will lean heavily to the tartan side, according to Women's Wear Daily.
    • The plaid style will be included on over 360 products - including apparel for men, women, kids, and babies.
    • A special section of Target.com will be devoted to plaid-only products such as cell phone cases and dinnerware.
    • Though large apparel sellers such as Target have to make earlier bets on consumer preferences than fast-fashion retailers, execs with the company think tartan falls in line with current trends.
    | Jun. 3, 2015, 10:58 AM | 2 Comments
  • Jun. 1, 2015, 12:49 PM
    • Iconic food and beverage brands continue to grow out of favor with U.S. consumers, according to a new report from Rabobank.
    • Many Q1 earnings reports tipped off weakness at well-known F&B brands.
    • The bank notes that the increasing purchase power of the millennial generation is a major factor in the shift as e-commerce accounts for a higher mix of purchasing.
    • A willingness of major retail chains such as Target (NYSE:TGT), Kroger (NYSE:KR), and Costco (NASDAQ:COST) to attempt to differentiate themselves with new concepts and products has also contributed to well-known brands slipping.
    • Rabobank thinks major food and beverage players can still show strong growth rates if they are nimble with their strategy and use M&A wisely to catch fresh brands on the upswing.
    • Related stocks: K, GIS, CPB, MDLZ, PEP, KO, HSY, SJM, DPS, KRFT, OTCPK:NSRGY, OTCPK:NSRGF.
    | Jun. 1, 2015, 12:49 PM | 6 Comments
Company Description
Target Corp. engages in owning and operating of general merchandise stores. It also operates SuperTarget stores with a line of food and general merchandise items and offers an assortment of general merchandise, including many items found in the company's stores and a complementary assortment,... More
Sector: Services
Industry: Discount, Variety Stores
Country: United States