February 2, 2012

Target appears to have salvaged its fourth-quarter sales results with a 4.3% same-store sales increase in January to offset a disappointing 1.6% increase in December and a 1.8% increase in November.

January 24, 2012

Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.

January 5, 2012

Target chairman, president and CEO Gregg Steinhafel assured investors last month that December comps would exceed November’s 1.8% increase, but then Thursday morning reported a disappointing 1.6% increase and a reduced profit forecast.

November 1, 2011

The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.

October 3, 2011

Michael Francis, Target's EVP and chief marketing officer, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

September 6, 2011

Target announced its commitment to assist with Hurricane Irene relief efforts through a donation totaling $250,000 in cash and products.

July 7, 2011

The 4.5% increase in same-store sales Target reported for June was at the higher end of the company’s expectations and came on top of a prior-year increase of 1.7%.

June 20, 2011

Target is poised to become an even more significant player in the world of health, wellness and beauty in the coming years, assuming the company can execute a range of initiatives designed to grow sales to $100 billion and double earnings per share to at least $8.


June 8, 2011

Target’s board has finalized the decision to locate the company’s Canadian headquarters in Mississauga, Ontario, said president, chairman and CEO Gregg Steinhafel at a shareholders meeting in Pittsburgh on Wednesday.

June 2, 2011

Target reported a 2.8% same-store sales increase for May, falling short of Wall Street's expectation for a 3.5% increase, as consumers remained cautious with their spending.

May 24, 2011

Target announced its donation of funds and product to support tornado relief efforts.

May 18, 2011

First-quarter sales at Target increased 2.8% to $15.6 billion, and same-store sales increased 2%, the company reported.

April 7, 2011

Target's March sales dropped 4.5% to $5.95 billion, compared with the year-ago period.

March 3, 2011

February same-store sales at Target advanced 1.8%, thanks to the addition of fresh food and consumables that are part of an aggressive remodeling program causing more people to shop its stores.

February 24, 2011

Fourth-quarter earnings per share at Target advanced 17% to $1.45, compared with $1.24 the prior year, thanks to a seven-cent-per-share tax benefit.

February 3, 2011

Target said that although its comparable-store sales were below expectations in the South and Northeast, the company believes overall sales will be driven by two of its recent initiatives.

January 14, 2011

Target announced that its chief marketing officer, Michael Francis, will serve as the executive committee sponsor of Target’s entrance into the Canadian market. In this role, Francis will oversee the extension of Target’s brand as part of the corporation’s first-ever expansion of its stores beyond the United States, the company reported.

January 11, 2011

Two leaders of Target have been appointed to the retailer's executive committee.

January 6, 2011

Despite an easy prior-year comparison, Target fell short of its December same-store sales guidance with a disappointing 0.9% gain.

December 2, 2010

Same-store sales surged 5.5% at Target during November, exceeding the company’s guidance and analysts’ expectations for a low-single digit gain.

September 26, 2010

Target reportedly is scaling back with a new small urban format....

March 3, 2010

Target reported that its net retail sales for the four weeks ended Feb. 27 were...

May 14, 2009

It isn’t often that one of America’s premier retail companies finds itself the subject of...