Target – News Stories About Target - Page 9

Dec 5, 2008 7:46 AM CST

Retailers Post Worst Month This Decade

But Wal-Mart, other discounters profit from downturn

(Newser) - November was the worst month for retail in a decade, reports the Financial Times, as stores from Macy's to Abercrombie & Fitch posted double-digit falls in sales. Mid-market stores like Target posted worse-than-expected numbers, while department stores crashed. But giant Wal-Mart, leading a small number of discounters, managed to...

Holiday Sales Surge
on Deep Discounts

Dec 1, 2008 7:19 AM CST

Holiday Sales Surge on Deep Discounts

But retailers worry huge bargains may cut deeply into their profits

(Newser) - Desperate retailers received a jolt of good news this weekend as shoppers poured into stores and spent 7% more—an average $372.57 each—than they did a year ago, reports the New York Times. But Black Friday glee may be replaced with gloom as retailers tote up the slim...

Cash Makes a Comeback

Nov 24, 2008 2:15 AM CST

Cash Makes a Comeback

But cash isn't king for retailers, who'll likely see bigger drop in sales

(Newser) - Americans are reverting to cash for purchases in increasing numbers, according to top retailers Wal-Mart, Target and JC Penney. The shift away from credit is expected to further reduce spending by consumers—who will be limited to cash-on-hand purchases—not just during the holiday season, but during what could be...

Dow Off 223 on Japan,
Retail Woes

MARKETS

Nov 17, 2008 3:15 PM CST

Dow Off 223 on Japan, Retail Woes

Manufacturing rises, but it's likely a mirage

(Newser) - Stocks seesawed to losses today as investors absorbed bad retailer reports and news that Japan’s economy had entered a recession, MarketWatch reports. The Dow fell 223.73 to close at 8,273.58. The Nasdaq lost 34.80, closing at 1,482.05, while the S&P 500 shed...

Stocks Drop on Citi,
Retail Woes

MARKET Open

Nov 17, 2008 8:49 AM CST

Stocks Drop on Citi, Retail Woes

(Newser) - Stocks slid at the open, as Citigroup slashed jobs and retailers reported yet more disappointing results. The Dow lost 160 points, while the S&P and Nasdaq dropped 1.8% and 1.5% respectively. Among the big drops were Target and Lowe’s, which each took a 24% hit to...

Wal-Mart Launches $10 Toys, Stores Vow 'This 'R' War'

Oct 9, 2008 5:39 AM CDT

Wal-Mart Launches $10 Toys, Stores Vow 'This 'R' War'

Rivals match Wal-Mart price cuts as retailers target cash-strapped shoppers

(Newser) - Toy retailers have commenced a fierce price war as a particularly tough holiday season bears down upon them, the Wall Street Journal reports. Wal-Mart cut prices to $10 on key toys including Barbie and Hot Wheels last week, a move quickly mirrored by rivals KB Toys and Target. Toys 'R'...

Reusable Bags:
A Tricky Shade
of Green

Sep 27, 2008 5:54 AM CDT

Reusable Bags: A Tricky Shade of Green

Thicker plastic requires more energy to produce, decomposes slower

(Newser) - Reusable shopping bags are this year's “it” giveaway, but they may not be as green as their feel-good slogans—like “Save the world” and "I used to be a plastic bag"—claim. The problem is that old habits die hard—many people simply forget to reuse...

Mad Men Invades Your Closet

Aug 5, 2008 4:27 PM CDT

Mad Men Invades Your Closet

Designers and labels copy, coordinate with hit show

(Newser) - Mad Men isn’t just one of the best shows on TV—it’s also a fashion trendsetter, Advertising Age reports. Bloomingdale’s features Mad Men-themed displays and clothing, GQ recently published a 6-page spread with a cast member, and the show’s network has started a Target-sponsored fashion blog....

As Digital Gains,
Album Sales
Plunge 11%

Jul 3, 2008 6:35 AM CDT

As Digital Gains, Album Sales Plunge 11%

Music biz turmoil as CDs plummet

(Newser) - CDs continue to go the way of the 8-track, losing further ground to digital music. Another big drop in CD sales is being driven by the closure of Virgin stores and reduced shelf space at outlets like Target. CD sales are off 16% over the last 12 months and total...

Stocks Sink on Weak
Earnings, Soaring Oil

MARKETS

Apr 22, 2008 3:48 PM CDT

Stocks Sink on Weak Earnings, Soaring Oil

Texas Instruments, UnitedHealth tumble, along with many others

(Newser) - Stocks fell today as oil prices soared and the flow of disappointing earning reports continued. Texas Instruments and UnitedHealth were both hit hard. "We're likely to see stocks continuing to be under pressure," one researcher told Bloomberg. The Dow was down 104.79 to 12,720.23, the...

March Retail Sales Fall Flat

Apr 10, 2008 11:29 AM CDT

March Retail Sales Fall Flat

Easter partly to blame as chains fall short of expectations

(Newser) - Retailers’ same-store sales were flat in March, due in part to an early Easter, the Wall Street Journal reports. The Thomson Financial Same Store Sales Index, projected to sink 0.1%, fell 1.1%, excluding Wal-Mart. Shoppers weren’t ready to buy for spring on the heels of winter, store...

Gibson Sues Over Guitar Hero

Mar 21, 2008 1:00 PM CDT

Gibson Sues Over Guitar Hero

It wants retailers to stop selling game, claims patent infringement

(Newser) - Gibson Guitar has sued Guitar Hero retailers, saying the Activision video games infringe on a patent it holds for a virtual-reality concert. The federal suit seeks to stop Wal-Mart, Target, Kmart, Amazon, GameStop, and Toys "R" Us from selling the games, reports AP. But Activision is fighting back—earlier...

Wal-Mart Leads Feb. Retail Rally

Mar 6, 2008 10:47 AM CST

Wal-Mart Leads Feb. Retail Rally

Overall sales jump doubles expectations, calms consumer spending fears

(Newser) - Big retailers showed unexpected signs of life in February, beating weak sales predictions to inject some hope into the market. Wal-Mart led the way, posting a 2.6% same-store increase, beating its own predictions of flat-to-2% growth. Overall, same-store sales climbed 1.9%, with more than half of retailers beating...

CEO Reveals Victoria's Secret: It's 'Too Sexy'

Feb 28, 2008 4:09 PM CST

CEO Reveals Victoria's Secret: It's 'Too Sexy'

Brand hopes to regain its stylish, sophisticated image

(Newser) - Victoria’s Secret has become “too sexy,” the chain’s CEO said today, explaining that she wants to bring higher-quality and sophisticated products back to the stores, the Wall Street Journal reports. "We use the word 'sexy' a lot and have gotten off 'ultra-feminine,'" she said....

Chicago Cops Seek Killer of 5

UPDATED

Feb 2, 2008 2:00 PM CST

Chicago Cops Seek Killer of 5

Alleged killer fled after robbing Lane Bryant store

(Newser) - Police are searching for a stocky black man who reportedly shot five women dead in a Chicago mall burglary this morning, the Chicago Sun-Times reports. Police surrounded the Tinley Park mall after shots were reported at a Lane Bryant store just before 11 a.m. “There is no question...

Fashion Lovers Grow Weary
of Waif Look

Jan 27, 2008 7:16 PM CST

Fashion Lovers Grow Weary of Waif Look

Internet, reality TV spark use of real people as models

(Newser) - Fashion blogs, "Ugly Betty", and other pop staples are nudging the fashion industry to use more real people as models, Newsweek reports. So are YouTube, reality TV, and a slew of designers who make affordable lines for Target and H&M. "People would like to see somebody up...

Target CEO to Step Down

Jan 9, 2008 5:32 PM CST

Target CEO to Step Down

With sales lagging, retiring Ulrich will give way to president Steinhafel

(Newser) - Target CEO Bob Ulrich, 65, will retire May 1, to be replaced by the president Gregg Steinhafel, the Wall Street Journal reports. Though Target almost tripled sales during Ulrich's 13-year tenure, it's recently had a run of weak sales. "Our board and I have great confidence in Gregg as...

Retailers
Put Brakes
on Expansion

Dec 7, 2007 2:15 PM CST

Retailers Put Brakes on Expansion

As economy lags, big chains open fewer stores

(Newser) - America's biggest retailers are beginning to ease up on the construction of new stores, reversing the if-we-build-it-they-will-come trend of recent years, CNNMoney reports. Faced with decreasing sales in a slowing economy, chains such as Wal-Mart, Target, Starbucks, McDonald's, and Walgreen either have cut back on new stores or are considering...

Retail Leads Black Friday Rally

MARKETS

Nov 23, 2007 2:34 PM CST

Retail Leads Black Friday Rally

Wal-Mart, Target, JC Penney all gain; Citigroup rebounds

(Newser) - Stocks rose in an abbreviated session today, cutting losses for the week as early-bird Christmas shopping gave reason for optimism. "The fact that Black Friday is not a disaster and is off to a modest but healthy start is just a relief,'' one analyst told Bloomberg. The Dow...

Dow Sheds 223, Flirts With 13K

Nov 9, 2007 3:44 PM CST

Dow Sheds 223, Flirts With 13K

Retail hit hard as well

(Newser) - The Dow dove 223.55 today to 13,042.74, its lowest close in 2 months, as investors reacted to rough news about tech and retail stocks. The S&P 500 wrapped up its its worst 3-day fall since January 2003, losing 21.07 to close at 1,453.70,...