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Target Corp.

Target adds two food and beverage VPs

Target adds two food and beverage VPs

MINNEAPOLIS — Target Corp. said on Monday it was hiring two senior executives to advance the retailer’s food and beverage strategy. Mark Kenny, currently at Walmart, will join Target as vice president divisional, meat and fresh prepared food, with oversight for the meat, seafood, deli, bakery and prepared food categories. Liz Nordlie, now at General

Target to acquire Grand Junction

Target to acquire Grand Junction

MINNEAPOLIS — Target Corp. has acquired a transportation technology company to enhance its delivery capabilities. The company — San Francisco-based Grand Junction — is already working with Target on a delivery pilot at its store in New York’s Tribeca neighborhood. Grand Junction uses its software and data to connect retailers with local delivery services to

Target test takes aim at Amazon

MINNEAPOLIS — Target Corp. is testing a household essentials delivery service that is said to have cheaper shipping and shorter delivery times than those available to Amazon.com Inc.’s Prime Pantry customers. The service, called Target Restock, launched late last month as a pilot in the Minneapolis/St. Paul area for the retailer’s RedCard holders. Target said

Border adjustment tax runs afoul of retailers

WASHINGTON — The proposed border adjustment tax will hit American consumers with price hikes, Target Corp. chairman and chief executive officer Brian Cornell testified last month at a House hearing. “American families — your constituents — would pay more so many multinational corporations can pay even less,” Cornell told the House Ways and Means Committee.

Target settles data breach claims

NEW YORK — Target Corp. reported it has reached an $18.5 million settlement with 47 states and the District of Columbia over the retailer’s data breach that occurred just prior to Christmas 2013. The announcement was made by New York attorney general Eric Schneiderman. The breach, which Target has said occurred between November 27 and

Target innovation chief Casey Carl to depart

Target innovation chief Casey Carl to depart

MINNEAPOLIS — Target Corp.’s chief innovation and strategy officer Casey Carl reportedly plans to leave the company, effective May 5. Carl was the executive in charge of imagining the future of retailing at Target, according to a report in the Minneapolis Star Tribune newspaper, which noted that many of his projects, including a store-of-the-future concept

Target’s new look

MINNEAPOLIS — Target Corp. has unveiled the elements of a redesign aimed at creating a faster, easier experience for a shopper running an errand while encouraging those not in a rush to linger in the aisles. The retailer expects its first fully re-imagined store will open this fall in a Houston suburb. In addition, 40

Target set to retool

NEW YORK — Target Corp. vowed to update hundreds of stores and make other investments in its business after it delivered a disappointing 2016 in terms of sales and earnings. The Minneapolis-based company pledged to spend $7 billion over the next three years to remodel more than 600 of its 1,800 stores, accelerate the expansion

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