Target February sales comparison rises

2010-03-04T07:00:14Z

<div id="subtitle">Target Feb. sales comparison rises 2.4 percent as more customers visit stores, boost spending</div><div><p>Target Corp. said Thursday that February sales in stores open at least one year rose 2.4 percent as more customers came into stores and spent more money than a year ago.</p><p>Results beat Target's expectations of a flat to slight rise in the sales figure. Analysts had ...

On the call: Costco CFO Richard Galanti

2010-03-03T11:00:25Z

<div id="subtitle">Costco's CFO discusses competition among retailers</div><div><p>The down economy has caused a major shift in consumer spending. As shoppers cut back on how much they spend, they've become much more selective about where they spend those dollars — looking specifically to retailers that can offer the best deals. That led to increased competition among many stores.

Snow may have slowed retail sales

2010-03-02T12:15:32Z

<div><p>CHICAGO (Reuters) - Record snow along the U.S. East Coast and other regions likely muted retail sales in February, limiting increases in what was expected to be an easy month for retailers to show big gains over last year.</p><p>Retailers that were likely hit the hardest by the storms, based on location of their stores, include

Retailers profits rise, but customers hold back

2010-02-23T16:45:19Z

<div id="subtitle">Retailers post better fourth-quarter profits, remain in waiting game with reticent customers</div><div><p>A fleet of the nation's biggest merchants reported mostly better fourth-quarter profits Tuesday after a holiday season marked by cautiously stocked shelves and well-managed markdowns.</p><p>But the rosier results mask a tough reality: To build on their halting improvements, retailers will need shoppers who are willing and able to spend m...

Home Depot, Office Depot, Target are big movers

2010-02-23T16:00:13Z

<div><p>Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:</p><p>NYSE</p><p>Tenet Healthcare Corp., down 54 cents at $5.04</p><p>The Target Corp.'s fourth-quarter profit soar 53.7 percent.</p><p>Target said it expects to pick up more market share this year as it rolls out a new store format that includes a bigger grocery section. But it of...

Retail results improve but consumers still wary

2010-02-23T12:17:26Z

<div><p>CHICAGO (Reuters) - For retailers that sell everything from toilet paper to refrigerators, 2010 may be more about winning sales from competitors than about getting consumers to buy a lot more of their merchandise.</p><p>Discounters like Target Corp <TGT.N&g...

Target holiday profit up, has tepid 1st quarter view

2010-02-23T10:45:23Z

<div><p>SAN FRANCISCO (Reuters) - Target Corp <TGT.N> posted a quarterly profit slightly above Wall Street expectations, helped by better-than-expected holiday sales, improved margins and a lower tax rate.<...

Earnings Preview-Target Corp.

2010-02-22T12:31:04Z

<div id="subtitle">Target's 4th-quarter results to be watched for signs of improving sales; economic insights</div><div><p>Target Corp. reports its fourth-quarter results before the stock market opens Tuesday.</p><p>WHAT TO WATCH FOR: Comments from executives about customer count and sales and whether its shoppers are resuming spending more on nonessentials like clothing and home furnishings. ...

IRS, states crack down on independent worker abuse

2010-02-22T10:03:09Z

<div><p>The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has learned. The practice costs governments billions in lost revenue and can leave workers hig...

Lead Valentines Bears

2010-02-10T12:15:47Z

In this photo taken Monday, Feb. 8, 2010 provided by the Center for Environmental Health, a Valentine's Day Message Bear is shown in Oakland, Calif. California Attorney General Jerry Brown has notified retailer California AG asks for recall over lead concerns</div><div><p>Target Corp. said Tuesday it was pulling its Valentine's Day "Message Bears" from store shelves after SAN FRANCISCO/NEW YORK (Reuters) - Top U.S. retail chains ended their fiscal year with better-than-expected January sales, but the current first quarter could be tougher if consumers overspent during the holiday season.</p><p>January same-store sales rose 3.3 percent based on a tally of 29 r...

FTC warns Wal-Mart, Target, others on bamboo labeling

2010-02-22T12:12:25Z

<div><p>WASHINGTON (Reuters) - U.S. regulators have sent letters to Wal-Mart, Target, Kmart, Target Corp., the nation's second-largest discounter after Wal-Mart Stores Inc., said Tuesday that it pulled all farmed salmon from its stores as it looks to be more environmentall...

Target says eliminating farmed salmon

2010-02-22T14:46:14Z

<div><p>SAN FRANCISCO (Reuters) - Target Corp said on Tuesday that it is no longer selling fresh, frozen or smoke farm-raised salmon in its stores nationwide.</p><p>The No. 2 U.S. discount retai...

Target to renovate stores, open fewer in 2010

2010-02-22T17:09:28Z

<div id="subtitle">Target will spend $1B renovating stores in 2010 and open fewer than 10 new ones</div><div><p>Target, the nation's second-largest discounter after Wal-Mart, is navigating turbulent economic times by polishing old stores rather than opening many new ones, opening smaller urban stores and looking outside the Graco strollers recalled after reports of fingertip amputations</div><div><p>About 1.5 million Graco strollers sold at Wal-Mart, Target and other major retailers are being recalled after some children's fingerti...

Stock buybacks could be back in vogue in 2010

2010-02-22T18:04:15Z

<div><p>NEW YORK (Reuters) - Share buybacks by U.S. corporations could be back in style this year as an improving economy makes companies more willing to loosen their purse strings to fund transactions that could reward investors with a higher share price.</p><p>Repurchases rose solidly through the boom years starting ...

Target resumes share buyback as business improves

2010-02-22T20:28:16Z

<div id="subtitle">Target resumes $10B share repurchasing program after 14 months as economy begins to improve</div><div><p>Target Corp. will resume a $10 billion share buyback program because business is improving along with the economy, the retailer said Thursday.</p><p>The discount chain halted its stock repurchase in November 2008 as it tried...

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