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US: Target CEO exits in wake of security breach Katie Smith | 6 May 14

Target Corp CEO and chairman Gregg Steinhafel has stepped down, five months after the company suffered a security breach that affected 70m customers.

High inventories at US retailers is causing concern Leonie Barrie | 29 Apr 14

Stung by unseasonably cold spring weather that blanketed many parts of the US just as they were rolling out their spring merchandise, retailers have not only been hampered by sluggish sales but are also battling high levels of inventory, analysts warn.

US: Target Q4 profit hit by data breach Richard Woodard | 27 Feb 14

A costly data breach incurred a US$17m expense for retail giant Target Corporation in the fourth quarter, but also impacted consumer confidence and traffic.

Comment: Wal-Mart fails to capitalise on Target weakness Katy Askew | 3 Feb 14

News Wal-Mart has lowered its full-year earnings forecast reflects more than the drag of store closures as it adjusts its international portfolio. The US retail giant is struggling to grow its top-line at home and lower fourth-quarter comparable domestic sales suggest it failed to capitalise on the data breach scandal that hit key competitor Target Corp., Katy Askew suggests.

US: Target continues expansion into Canada Katie Smith | 30 Jan 14

General merchandise retailer Target Corporation is to continue its expansion in Canada by opening another nine stores this year.

US: Retailer Target to axe 475 jobs Katie Smith | 24 Jan 14

General merchandise retailer Target Corp has become the latest retailer to cut jobs, with the announcement it is laying off around 475 employees globally.

US: Target lowers Q4 guidance amid data breach Michelle Russell | 13 Jan 14

Target Corp has warned of larger losses than expected in its fourth-quarter as it revealed a data breach in December may now have affected 70m customers.

US: Cherokee, Target extend licensing deal Katie Smith | 7 Jan 14

Brand owner Cherokee has extended its licensing agreement with US general merchandise retailer Target Corporation for another two years.

BANGLADESH: Kmart reveals supplier factory locations, Target to follow Michelle Russell | 23 Dec 13

The decision by Australian retailers Kmart and Target Corp to reveal the location of their supplier factories in Bangladesh has been described by Oxfam as a ''watershed moment'' for the country's retailers.

US: Adidas venture fund invests in Crailar Flax fibre Leonie Barrie | 20 Dec 13

Hydra Ventures BV, the corporate venture arm of sporting goods giant Adidas Group, is to invest CAD2.0m (US$1.9m) in Crailar Technologies, developer of the Crailar Flax fibre.

US: Target Q3 profits slump despite solid revenues Richard Woodard | 22 Nov 13

Retailer Target Corporation posted reduced profits for the third quarter, despite solid revenues in the company’s core US business.

US: Target axes 150 jobs in restructure Katie Smith | 14 Oct 13

General merchandise retailer Target Corporation has laid off around 150 employees as part of a restructuring of roles and responsibilities at the business.

US: Target Q2 profit down on soft US sales Richard Woodard | 21 Aug 13

Retail giant Target Corporation suffered a double-digit profit dip in the second quarter, thanks to softer than expected sales in the US and start-up costs in Canada.

How do the Bangladesh safety pacts measure up? Leonie Barrie | 11 Jul 13

Unveiling a new five-year plan to improve worker safety at the factories in Bangladesh that produce their clothing, North American brands and retailers were keen to stress the similarities between their own initiative and a separate scheme backed by 70 mainly European companies. That said, there are considerable differences too.

CANADA: Target expands with additional stores Katie Smith | 5 Jul 13

General merchandise retailer Target Corporation is to open an additional 20 stores in Canada this month, as part of ongoing expansion plans.

Focus: North America retail market rebuffs recession Ashma Kunde | 31 May 13

North America may no longer take centre stage in the global apparel market, but the recession has by no means sounded the region's curtain call, according to Euromonitor International.

US: Target cuts outlooks on lower Q1 profit Katie Smith | 22 May 13

General merchandise retailer Target Corporation has lowered its full-year earnings outlook after higher interest charges as well as soft apparel sales weighed on first-quarter profits.

US: Target teams with designer Phillip Lim Katie Smith | 13 May 13

General merchandise retailer Target Corporation has teamed up with New York-based designer Phillip Lim to launch an exclusive apparel and accessories collection.

US: Target lowers guidance on soft sales trends Richard Woodard | 17 Apr 13

Retail giant Target Corporation has lowered its first quarter sales and earnings guidance, blaming softer than expected trends in seasonal and weather-sensitive categories.

CANADA: Target debuts first three stores Katie Smith | 5 Mar 13

General merchandise retailer Target Corp is to open its first three stores in Canada today (5 March).

US: Target Q4 profit down on expansion strategy Katie Smith | 28 Feb 13

General merchandise retailer Target Corp has reported a decline in fourth-quarter profit after its expansion plans and markdowns of seasonal merchandise weighed on margins.

US: Retailers' January 2013 sales roundup Katie Smith | 7 Feb 13

The following is a general roundup of US apparel and shoe retailers' January 2013 sales results.

US: Cherokee buys back school uniform business Katie Smith | 5 Feb 13

Global brand management company Cherokee Inc has bought back its school uniform business from uniform manufacturer Strategic Partners.

US: Target hires e-commerce head Katie Smith | 25 Jan 13

Discount retailer Target Corp has appointed Jason Goldberger to the newly-created position of senior vice president of and mobile.

US: Target to launch Kate Young collection Katie Smith | 18 Jan 13

Discount retailer Target Corp is teaming up with fashion stylist Kate Young to introduce a limited-edition clothing and accessories collection.

US: Target unveils six online-only brands Katie Smith | 17 Jan 13

Discounter Target Corp has introduced six new online apparel and homeware brands.

US: Target, Topson Downs defeat copyright infringement claims Katie Smith | 16 Jan 13

Discount retailer Target Corp and apparel manufacturing company Topson Downs have defeated claims of copyright infringement from Meridian Textiles.

US: Target recalls 560,000 children's pyjama sets Katie Smith | 16 Jan 13

Discounter Target Corp is recalling some 560,000 sets of children's pyjamas because they do not meet federal flammability standards, posing a risk of burn injuries.

US: Tom Sands to head Gap North America Katie Smith | 9 Jan 13

Specialty clothing retailer Gap Inc has appointed Tom Sands as its new executive vice president of Gap North America - replacing Mark Breitbard who has been named CEO of US children's wear retailer The Gymboree Corp.

US: Retailers' December 2012 sales roundup Katie Smith | 3 Jan 13

The following is a general roundup of US apparel and shoe retailers' December 2012 sales results.








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