Target Corporation

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Spotlight on...Target's Canada debacle Beth Wright | 15 Apr 15

Just days after the closure of its remaining Canadian stores, just-style explores how empty shelves, mismanagement and over-hype combined to force US retail giant Target Corp to admit defeat.

Target Canada to close stores by 12 April Michelle Russell | 2 Apr 15

Target Canada says it will close the last of its 133 stores to the public by 12 April as part of its inventory liquidation efforts.

Target to axe thousands of jobs in restructure Katie Smith | 4 Mar 15

Target Corp is to axe some 1,700 jobs over the next two years as it looks to save US$2bn in costs, and focus on key initiatives it believes will put the US retailer “on a clear path to growth”.

Canadian exit triggers Target Q4 loss Richard Woodard | 26 Feb 15

Retail giant Target Corp slipped to a huge fourth-quarter loss, thanks to mammoth charges of over US$5.1bn linked to its exit from the Canadian market.

Data security and innovation top CIO priorities Michelle Russell | 20 Feb 15

Data security and omni-channel initiatives are top retail priorities for chief information officers, data shows, in light of recent high-profile data breaches and the growing need to deliver a differentiated customer experience.

Transparency mixed in Uzbek cotton supply chain Katie Smith | 5 Feb 15

Transparency among apparel brands and retailers appears to be mixed when it comes to sourcing cotton from Uzbekistan. New research has revealed that while a number of companies have made improvements to address the issue of forced labour within the sector, many are reluctant to disclose the policies they are implementing or detail information about their suppliers.

Target names Tesco tech exec McNamara as CIO Michelle Russell | 4 Feb 15

Global technology and innovation executive Mike McNamara has left Tesco to join retail giant Target Corp as chief information officer.

Target to expand TargetExpress with store openings Richard Woodard | 3 Feb 15

Retail giant Target Corp is to open 15 new stores in the US during 2015, including eight new-style TargetExpress outlets.

Target's Canada exit seen as "a positive" Leonie Barrie | 19 Jan 15

The decision by US-based retailer Target Corporation to shut down its Canadian stores has been welcomed by an analyst who says the "exit is a positive."

Target Canada closure no material affect on Cherokee Michelle Russell | 16 Jan 15

Cherokee Global Brands says Target's decision to discontinue its operations in Canada will not have a material affect on its financial results.

Target to shut Canada operations Michelle Russell | 15 Jan 15

Target Corporation said it plans to discontinue its Canada operations through its indirect subsidiary, Target Canada Co, which employs around 17,600 staff across 133 stores.

Bangladesh: The road ahead on remediation Leonie Barrie | 19 Dec 14

As safety improvements at Bangladesh garment factories move from inspections to remediation, stakeholders warn the hard work is just beginning. Access to low-cost finance is one of the main challenges facing firms going forward, but so too is a shift in mindset - with a greater focus on worker training seen as key to creating lasting change.

Bangladesh falls further as US apparel imports grow Katie Smith | 10 Dec 14

As retailers made one last push to stock up on holiday merchandise amid fears of possible disruption due to the ongoing dockworkers dispute at major West Coast container ports, US apparel imports continued to grow in October. Three of the top-ten supplier countries - Vietnam, Honduras and India - saw strong double-digit growth, but Bangladesh tumbled for the eighth month in a row.

Chemical management initiative launched Michelle Russell | 9 Dec 14

A group of corporate and NGO leaders have joined forces to launch a tool designed to assess leadership in corporate chemicals management.

Target Corp pleased with Q3 performance Michelle Russell | 19 Nov 14

US retailer Target Corp has said it is pleased with its third-quarter results after booking an increase in earnings and sales.

New scenarios driving sustainability in textiles Debra Cobb | 17 Nov 14

Driving meaningful change towards sustainability in textiles within organisations, within the industry, and with consumers topped the agenda at last week's Textile Exchange Conference.

Alliance and Accord urged to harmonise efforts in Bangladesh Leonie Barrie | 19 Sep 14

A review of the work carried out so far by the Alliance for Bangladesh Worker Safety says the group has made "significant and laudable progress" over the past 12 months - but pulls no punches when it comes to the many challenges that still lie ahead.

US: Operating costs driving retailers "into the red" Katie Smith | 21 Aug 14

Accelerated selling, general and administrative (SG&A) spending is driving retailers into the red, one analyst has said, and could become a key theme over the near term.

US: Target Corp sees "early signs of progress" in Q2 Michelle Russell | 20 Aug 14

US retailer Target Corp said it is seeing some early signs of progress, despite second-quarter results having not met its expectations.

ANALYSIS: Target Canada fixes include re-setting its supply chain Leonie Barrie | 13 Aug 14

Struggling discount retailer Target Canada is tackling its supply chain and merchandising issues as part of broader plans to try to fix its operations in the country - and analysts seem to agree the company is finally heading in the right direction.

US: Worker safety pacts "not part" of Ralph Lauren strategy Katie Smith | 11 Aug 14

Luxury apparel giant Ralph Lauren Corporation has said becoming a member of one of two groups working to improve safety and working conditions in Bangladesh's textile industry is "not part" of its strategy.

US: Target lowers Q2 guidance on data breach charges Michelle Russell | 5 Aug 14

US retailer Target Corp has lowered its second-quarter earnings guidance due to charges related to its data breach.

US: New Target CEO Cornell "a good choice" Katie Smith | 31 Jul 14

US retailer Target Corp has tapped PepsiCo executive Brian Cornell as its new chairman and CEO, with one analyst applauding the move as "a good choice".

US/AUSTRALIA: Cotton Leads attracts 200 partners Richard Woodard | 24 Jul 14

The Cotton Leads responsible growing programme has attracted more than 200 partners across the global cotton supply chain since it was launched in October last year.

SOURCING: Alliance members buying more products from Bangladesh Leonie Barrie | 23 Jul 14

The group of North American brands and retailers - including Wal-Mart Stores, Gap Inc and VF Corporation - working to improve safety in Bangladesh's ready-made garment factories appears to be sourcing more products from the country as efforts to upgrade the industry take hold. But one year on, progress is "far from over", with the total cost likely to be in the region of $150m and take 12-18 another months to complete.

ANALYSIS: Vietnam soars as US apparel imports decline in May Leonie Barrie | 8 Jul 14

Despite forecasts suggesting US imports would continue to rise in May - in part to offset the threat of possible industrial action and disruption at major West Coast container ports this summer - the latest data in fact shows apparel imports were down year-on-year. While Vietnam was one of the few countries bucking the overall decline, shipments from China and Bangladesh showed fluctuating fortunes.

US: Target eyes digital acceleration with senior hires Michelle Russell | 8 Jul 14

US retailer Target Corp has made three senior executive appointments as it looks to accelerate its digital transformation.

US: Target "reduces" Cambodia garment sourcing Michelle Russell | 27 Jun 14

US retailer Target Corp is another apparel manufacturer to have reportedly reduced its sourcing from Cambodian garment factories in response to industry turmoil in the country.

CANADA: Wal-Mart Canada axes 750 jobs in restructure Katie Smith | 29 May 14

Wal-Mart is the latest retailer to cut hundreds of jobs in Canada as part of a new management restructuring in its stores.

CANADA: Target Canada president Tony Fisher departs Katie Smith | 28 May 14

Just weeks after parting company with its CEO Gregg Steinhafel, general merchandise retailer Target Corporation has announced the departure of Tony Fisher, president of its Canadian operations.








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