Inside This Issue - News
Target Corp. is embarking on a major transformation as it confronts a swiftly changing consumer environment. This was the major theme that executives presented during the retailer’s Financial Community Day here recently.
Although Target Corp. has thus far fallen short of its sales goals in Canada, executives still expect to achieve their long-term objectives.
Dollar General Corp. has promoted Todd Vasos, its chief merchant, to the post of chief operating officer and hired David D’Arezzo as chief marketing officer.
Whole Foods Market Inc. posted increased sales and profits in the fourth quarter, but its share price fell after it missed analyst targets and cut its full-year earnings forecast.
Cooler weather helped lift sales for some apparel retailers in October, despite the government shutdown at the start of the month that hurt consumer confidence. Other chains reported sales gains for consumables and prescription medications.
Walmart kicked off the online holiday shopping season early this year, with a cyber sale event that began on November 1. But the amazingly low prices that appeared on Walmart.com the following week were the result of a technical glitch, the company said.
Shopko Stores Operating Co. has opened five new Shopko Hometown stores, including three in Wisconsin. The openings bring the total of Shopko Hometown stores to 180.