Target Corp.

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

Target taps Jeff Burt as grocery head

Target taps Jeff Burt as grocery head

MINNEAPOLIS — Target Corp. on Monday announced the appointment of Jeff Burt as senior vice president, grocery, fresh food and beverage. Burt joins Target from Kroger Co., where he most recently served as president of the Fred Meyer division. He will assume his new post effective April 10. In this role, Burt will be charged

Target Q4 sales, earnings fall more than expected

Target Q4 sales, earnings fall more than expected

MINNEAPOLIS — Target Corp. on Tuesday reported a profit of $817 million, or $1.45 a share, in its fourth quarter, down from $1.43 billion, or $2.32 a share, a year earlier, when the retailer sold its pharmacy business to CVS Health. Same-store sales declined 1.5% in the fourth quarter. For 2017, the company forecasts per-share

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