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Target Corporation (TGT)

- NYSE
  • Aug. 22, 2012, 11:38 AM
    Piper Jaffray sees a new omnichannel from Target (TGT +0.5%) adding 40 to 90 bps to the retailer's comparables in 2014 as it integrates online and mobile channels. In an earnings CC last week, the company said the service codenamed "Cartwheel" will drive traffic to stores as well as boost online sales.
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  • Aug. 21, 2012, 1:56 PM
    Brick-and-mortar retail nightmare: A study from research firm GroupM Next indicates that 45% of shoppers at a physical store will walk out and complete their purchase online if they can find price savings of 2.5% or more. At 5% savings, the number jumps to 60% of shoppers. The Amazon (AMZN) Effect continues to rev up as the numbers of shoppers who check product pricing on-the-fly with their mobile devices now stands at a whopping 44%. Pass the aspirin: SPLS, OMX, ODP, RSH, HGG, CONN, DKS, TGT, WMT, GPS.
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  • Aug. 20, 2012, 12:23 PM
    Target (TGT -0.8%) stands a step ahead of rivals in mobile advertising - using QR codes, SMS marketing, and apps to drive traffic to its stores and online channels. The win in mobile, helps take a bit of the sting off the retailer's misadventures with its website.
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  • Aug. 15, 2012, 3:03 PM
    More from the Target (TGT +0.9%) earnings call (transcript): A year after painful failures with the Target.com website, a new platform is fully functional and showing solid traffic - although online sales numbers are still far below estimates. Responding to analyst queries on the weak recovery of the site, execs concede that the Target.com retooling is still a work in progress and promise conversions should improve with future rollouts. (more on earnings call, earnings)
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  • Aug. 15, 2012, 10:53 AM
    Quick hits from Target's (TGT +1.9%) ongoing earnings CC (webcast): Tips off that early results from the back-to-school selling season are "positive." Will join retailer payments network. Creating more boutique shops within stores. Pharmacy and Beauty remain two of its fastest growing areas and will see an increased focus. Geek Squad to hit pilot stores in October. Expects to churn up $100B in sales by 2017 and realize EPS of at least $8.
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  • Aug. 15, 2012, 7:43 AM
    More on Target (TGT): Strong U.S. retail sales more than offset a dip in credit card revenue. SG&A expenses up 3.3% Y/Y to $3.59B. Credit card receivables fell 5% to $5.9B. Total store count up by 10 to 1,772. Expects Q3 EPS of $0.83-$0.93 vs. $0.76 consensus and full-year EPS of $4.64-$4.85 vs. $4.31. Shares +1.8% premarket to $64.49, marking a 52-week high. (PR)
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  • Aug. 15, 2012, 7:31 AM
    Target (TGT): Q2 EPS of $1.12 beats by $0.11. Revenue of $16.5B (+3.5% Y/Y) misses by $280M. (PR)
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  • Aug. 15, 2012, 3:05 AM
    Fourteen leading retailers are expected to today unveil the Merchant Customer Exchange (MCX), an initiative to jointly develop a mobile-payments network that will compete with those from Google (GOOG) and cellular carriers, the WSJ reports. The retailers include Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and Lowe's (LOW).
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  • Aug. 15, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: ANF, CSIQ, DE, SPLS, TGT
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  • Aug. 14, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: ANF, CSIQ, DE, SPLS, TGT
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  • Aug. 13, 2012, 11:58 AM
    Deutsche Bank is more than comfortable staying long shares of buy-rated Target (TGT -0.4%) in front of the company's Q2 report. Same-store sales already point to a solid quarter and analyst Charles Grom says raised guidance could be on the table. (Target earnings preview)
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  • Aug. 10, 2012, 11:41 AM
    Under the radar: Target (TGT -0.2%) says all its stores in the Denver area will feature Geek Squad tech experts and services. Analyst Burt Flickinger calls it a very smart and strategic initiative for both retailers, with TGT potentially selling more high-end consumer electronics and Best Buy (BBY -0.3%) improving its reputation for technical services.
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  • Aug. 7, 2012, 11:36 AM
    Target (TGT +0.4%) makes a move into high-priced collectibles with limited collections tied to The Hunger Games DVD and Blu-Ray release. For $999, Hunger Games fanatics can buy a 14-K gold Mockingjay pin or for a cool $699 an autographed lithograph related to the film can be purchased. It's not the first time the retailer has dabbled with the high-end market, with an expensive Missoni line selling like hotcakes in the past.
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  • Aug. 2, 2012, 8:04 AM
    Target (TGT) same-store sales: +3.1% misses consensus of +4.0%. Total sales +3.2% to 4.9B. (PR
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  • Jul. 31, 2012, 11:35 AM
    A survey from Deloitte tips off that the back-to-school shopping season could be a pleasant surprise for retailers such as OfficeMax (OMX -0.7%), Office Depot (ODP +1.4%), and Staples (SPLS +0.1%). A majority of respondents indicate they plan to spend more this year on school supplies, mirroring the results from a NRF poll of a couple weeks ago. If consumers follow through with the extra buying, especially electronics, the back-to-school bounce could also be felt by RSH, WMT, COST, BBY, and TGT.
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  • Jul. 19, 2012, 7:23 AM
    The National Retail Federation estimates back-to-school spending will increase 14% this year, a mark that would represent the best pace since the survey began in 2003. Nearly 60% of parents will invest in some sort of electronics, up considerably from last year's level of electronics spending. On watch for a boost: WMT, TGT, BBY, ODP, OMX, SPLS, RSH.
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Company Description
Target Corp is engaged in operating general merchandise discount stores in the United States.