Target’s U.S. sales held up reasonably well in second-quarter 2014, but weak results in Canada and expense pressures prompted the company to reduce its full-year profit expectations a week after Brian Cornell became president and CEO.
In a recent study conducted by DDI Consulting, 72% of managers indicated they have never questioned their ability to be an effective leader, and only 15% stated they had a leadership deficiency. It is a great example that our personal beliefs often distort our reality. Leadership, or serving others, is about earning share of heart, not manipulation or personal ambition. That was one of the key messages conveyed by Elevation Forum founder and Mack Elevation Forum leader Dan Mack on June 17 at the latest Elevation Forum.
Target announced on Tuesday that its second-quarter financial results are expected to include gross expenses of $148 million, partially offset by a $38 million insurance receivable, related to the December 2013 data breach.
The National Business Group on Health, a nonprofit association of large U.S. employers, on Wednesday honored five retail pharmacy operations for their company wellness programs, including CVS Caremark, McKesson, Target, Kroger and Walgreens.
Target is striving to win the hearts of Millennials with a string of new mobile and digital initiatives, which includes an overhaul of its wedding and baby registry business, according to a USA Today report.
While acknowledging that Target faced a series of setbacks in 2013 — including a data breach just before the holiday season — CFO John Mulligan, who is also serving as interim president and CEO, expressed optimism during its annual meeting of shareholders and said the company has the resources, talent and plan in place to move beyond its challenges.