Target news 

Target is establishing a Technology Innovation Centre in San Francisco which will be used to drive its developments in e-commerce, particularly mobile commerce, online search and social media. Developers attracted by Target’s scale The new unit mirrors Walmart’s initiative in establishing @WalmartLabs in the area over two years ago. To date, around 20 people have been recruited into the te...

Target’s first stores in Canada have their official launch today. The 24 stores in Ontario soft-launched over the last three weeks enabling the retailer to test systems and processes, including its supply chain. Food and grocery less critical in driving traffic in Canada The official launch of these stores is marked by its first promotional flyer.  Target's private label general merchand...

Target is to acquire CHEFS Catalog and the assets of Cooking.com in two separate transactions in order to expand its presence in the cooking and kitchenware market. The new members of the Target family CHEFS Catalog, www.chefscatalog.com, is a direct-to-consumer specialty retailer of cookware, bake ware, cutlery, kitchen tools and cooking utensils aimed at home chefs. Cooking.com is a leadi...

Target, one of the largest US retailers, has marked its international debut by opening its first three stores in Canada. This is likely to have a  significant impact on the highly competitive Canadian retail sector, but the biggest effect is likely to be noticed by general merchandise retailers, given Target's reputation for excellence in this area. Two years in the making The opening of Ta...

Target’s fourth quarter retail sales, for the three months to February 2, 2013, increased by 6.8% to $22.4bn, with comparable store sales up 0.4%. EBIT increased by 3.2% to $1.7bn. For the full year, total retail sales increased by 5.1% to $72.0bn, with comparable store sales up 2.7%. EBIT increased by 5.3% to $5.0bn. Robust full year performance built around three key initiatives Alth...

Target has revealed its range of private brands, exclusive partners and limited time collections that will be available to Canadian shoppers when its first stores open in the country in March and April. Private label will support value credentials in grocery Many of the brands are recognised Target ranges which are currently available through its US stores. These include its food and co...

Target has appointed Jason Goldberger as Senior Vice President of Target.com and Mobile. Strong track record in developing online businesses Goldberger will join Target on February 11th and will be responsible for all areas of the retailer’s e-commerce operations, including user experience, merchandising and analytics. He brings with him a wealth of experience in online retailing. Most re...

Walmart Canada has announced plans to invest $450m in completing at least 37 Supercentre projects and expanding its distribution network in 2013. A return to normal growth rates This rate of expansion, which will see Walmart Canada add around 1.4m sq ft of retail space, is fairly consistent with its goal of opening between 35 and 40 new Supercentres each year. These typically include a mi...

Target has announced a new pricing strategy which will see it price match leading online retailers including Amazon.com, Walmart.com, BestBuy.com and Toysrus.com, extending a policy that had initially been introduced last year for the Holiday trading period. Simplifying price-matching policy for shoppers The new policy combines Target’s previous price adjustment and competitor ad match po...