With 1,790 stores spread across the country and sales growth in each of the last two years at under 2%, the New York Post reports that the discounter is accelerating plans to roll out more petite, urban stores. (New York Post)
Target has picked Bethesda, Md., for another of the company’s small-format stores. According to WTOP, the 35,000-square-foot Target will open in the Shops of Wisconsin development in March with a “tailored product mix,” including groceries, clothing, home goods and a pharmacy. (WTOP)
As part of its ongoing “CIO’s First 100 Days” series, Forbes recently published an interview with Target CIO Mike McNamara. In the interview, McNamara, who joined Target about nine months ago, discuses the importance of touching base with customers and how the company creates ideal workspaces for its innovation team. (Forbes)
Florida-based Aubío Life Sciences, a new skin care company co-founded by U.S. businessman John Paul DeJoria, announced Monday that its flagship products Aubío Cold Sore Treatment Gel and Aubío Hydrating Lip Therapy are now available nationwide at Target stores and on target.com.
Target is reportedly requesting that many of its suppliers assume up to 3% to 5% more of the cost of promotions and price reductions on some items. According to Reuters, at least 12 Target suppliers have confirmed they were asked to pay for more of the promotional cost for a variety of slow-moving products. Target reported declining sales in its most recent fiscal quarter and publicly said it would likely enter an extended promotional period. (Reuters)