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Target Corporation (TGT)

  • Feb. 7, 2013, 8:05 AM
    Target (TGT) Jan. same-store sales:+3.1% vs. consensus of 1.7. Total sales +29.6% to $5.97B. (PR)
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  • Feb. 1, 2013, 8:00 AM
    Is the timing right for Target's (TGT) move into Canada? The retailer plans to open stores in March and April just as Best Buy and Sears Canada trimmed their presence in the nation. The Target brand is already well-known in Canada with cross-border shopping to outlets common and the retailer's popular REDCard owned by 40K Canadians. Following up on its U.S. strategy, Target will launch exclusive brands at Canadian stores in an effort to draw in shoppers.
  • Jan. 30, 2013, 7:38 AM
    Deutsche Post might sell a unit of DHL in the U.S. to a retailer interested in topping off its "last mile" delivery service. A sale could also launch a more dramatic move into same-day delivery in key markets for the buyer. Though sources aren't talking about which company is in the mix, a deal price in the $100M range could draw in AMZN, WMT, ODP, SHLD, TGT, SPLS, or OMX.
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  • Jan. 28, 2013, 10:22 AM
    The National Retail Federation forecasts 2013 retail sales will increase at a rate of 3.4%, lower than the 4.2% rise seen in 2012. Consumer attitudes will be influenced by higher payroll taxes and the ongoing fiscal cliff drama before improving in the second half of the year, according to the trade group. Retailers with strong online businesses should be able to ride out the moderate growth period adequately with online sales forecast to rise between 9% and 12% for the year.
  • Jan. 23, 2013, 1:43 PM
    Target's (TGT -0.7%) plan to sell new brands on an exclusive online channel looks like a risky play to some retail analysts. Though the company could set the tone on pricing without any direct competitors, the move also runs counter to the prevailing thought that brick-and-mortar and online stores should be consistently similar in today's shopping environment.
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  • Jan. 23, 2013, 10:04 AM
    A new Target (TGT -0.2%) hire to head up its e-commerce and mobile operations has caught the eye of analysts. Jason Goldberger joins the retailer after successful spells at Amazon and Gilt Group. The timing is interesting with Target in the middle of an aggressive push to launch online fashion brands.
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  • Jan. 22, 2013, 8:33 AM
    Shares of Target (TGT) are on watch after Wal-Mart ups the ante in the race to dominate the Canadian retail landscape with a major investment to expand. With Sears Canada and Hudson Bay in retreat, Target was hoping to increase its market share significantly ahead of a rush of other American retailers into the country.
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  • Jan. 18, 2013, 1:22 PM
    Target (TGT +0.1%) debuts a slew of new online brands including Labworks, Room 365, Zutano Blue, MudHut, Boho Boutique, and TOO by Blu Dot. The aggressive strategy by the retailer to sell fashion online is running on a parallel track with a price-matching program designed to help it stay competitive with Amazon and Best Buy. A little more than a year after its website was a source of embarrassment due to its frequent outages, Target's online momentum is picking up.
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  • Jan. 14, 2013, 5:39 PM
    Struggling RadioShack (RSH) is dissolving its mobile services partnership with Target (TGT), stating it was unable to reach a deal "that would be profitable to both companies." The deal put RadioShack in charge of sellng postpaid (subscription-based) services for Target, though not prepaid services or accessories. The news comes as RadioShack pushes a branded prepaid service launched in partnership with Leap Wireless.
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  • Jan. 10, 2013, 8:03 AM
    Target Corporation (TGT) declares $0.36/share quarterly dividend, in line with previous. Forward yield 2.39%. For shareholders of record Feb. 20. Payable Mar. 10. Ex-div date Feb. 18. (PR)
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  • Jan. 8, 2013, 8:59 AM
    Is a clarification coming from Target (TGT)? First Adopter notes the information flowing from the retailer on its online price matching program (I, II) reads such that a consumer could match the prices listed at and receive yet another 5% off using their REDcard. If the deal holds, it's a coup for Target consumers but a bit of a margin pinch for the company.
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  • Jan. 8, 2013, 8:38 AM
    More on Target's (TGT) price-matching initiative: The retailer will include local competitors' printed ads in the program along with the online prices of big retailers. It will also allow products that are out of stock on for the first time. Analysts are quick to note the psychological impact of being branded the bargain seller stands a chance of outweighing the actual costs of customers who actually stand in service lines prior to purchases to receive their discounted prices.
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  • Jan. 8, 2013, 8:20 AM
    Target (TGT) announces a new year-round price match designed to keep its prices level with major online retailers. The new policy takes effect immediately, which means the challenges for execs at Best Buy (BBY) just got a little more complicated. TGT +0.2% premarket. (Earlier: Amazon forsakes margins for free cash flow)
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  • Jan. 7, 2013, 2:44 PM
    Target (TGT +1.1%) steps up its marketing campaign to push grocery products as part of its ongoing effort to take market share away from Wal-Mart and other rivals. The company's latest advertisements push the fresh food angle with over 1.1K stores now expanded in that area.
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  • Jan. 3, 2013, 8:16 AM
    More on Target's (TGT) December sales: CEO Gregg Steinhafel notes the flat performance of comparable store sales growth came as a result of late strength which was just enough to offset a soft first three weeks. Due to the sluggishness, Target estimates Q4 EPS will meet or exceed slightly the low end of its guidance. A new $1B buyback plan is authorized by the company. TGT +2.3% premarket.
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  • Jan. 3, 2013, 8:07 AM
    Target (TGT) Dec. same-store sales: flat%. Total sales +0.8% to $10.2B. Shares +2.5% premarket. (PR)
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Company Description
Target Corp is engaged in operating general merchandise discount stores in the United States.