RILA welcomes new Board Chairman Brian Cornell chairman and CEO of Target Corporation

Semi-Annual Meeting Brings New Chairman, Four New Board Members​

Arlington , VA, 2018-Jan-24 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) announced today (1/22/2018) that four top retail executives have been selected to join the association’s Board of Directors in an election that took place during the Board’s semi-annual meeting, held Sunday in Tucson, Arizona. In addition, RILA welcomed a new Board Chairman, Brian Cornell, chairman and chief executive officer of Target Corporation. Cornell, who succeeds former Chairman Bill Rhodes of AutoZone, will serve a two-year term.

New to the association’s Board of Directors are:

  • Gina Boswell, President, Customer Development, Unilever
  • Mark Breitbard, President & Chief Executive Officer, Banana Republic, Gap Inc.
  • Michele Buck, President & Chief Executive Officer, The Hershey Co.
  • Richard Keyes, President & Chief Executive Officer, Meijer, Inc.

“The past year was one of tremendous change in retail as we saw fundamental shifts in where and how people choose to shop. We also saw firsthand the power of our industry when we find common ground and advocate for consumers.  As RILA’s Chairman, I’m looking forward to the opportunity to build upon our shared successes and help drive positive change for our customers, our teams and our industry,” said Brian Cornell, chairman and chief executive officer, Target Corporation.

For a full Q&A with Brian Cornell about his upcoming chairmanship, click here.

“RILA is fortunate to be led by such an exceptional Board of Directors. Our success is in large part a result of their commitment to collaborate with one another and provide us with critical insights and direction,” said RILA President Sandy Kennedy. “We’re thrilled to welcome four additional Board members this year and we’re confident that we will continue to accomplish great things under Brian’s leadership.”

The 2018 RILA Board of Directors:

  • Brian Cornell, Chairman & Chief Executive Officer, Target Corporation (Chairman)
  • Mary Dillon, Chief Executive Officer, ULTA Beauty (Vice Chairman)
  • Bill Rhodes, Chairman, President & Chief Executive Officer, AutoZone, Inc. (Immediate Past Chairman)
  • James Myers, Chairman, Petco Holdings, Inc. (Treasurer)
  • Robert Niblock, Chairman & Chief Executive Officer, Lowe’s Companies, Inc. (Secretary)
  • Gina Boswell, President, Customer Development, Unilever*
  • Mark Breitbard, President & Chief Executive Officer, Banana Republic, Gap Inc.*
  • Shelley Broader, President & Chief Executive Officer, Chico’s FAS, Inc.
  • Michele Buck, President & Chief Executive Officer, The Hershey Co.*
  • James Dinkins, President, Coca-Cola North America, The Coca-Cola Company
  • Marvin Ellison, Chairman & Chief Executive Officer, J.C. Penney Company, Inc.
  • Alexander Gourlay, Co-Chief Operating Officer, Walgreens Boot Alliance and President, Walgreen Co.
  • Alan Hoskins, Chief Executive Officer, Energizer Holdings, Inc.
  • Joe Jensen, Vice President, Internet of Things Group, and General Manager, Retail Solutions Division, Intel Corporation
  • Richard Johnson, President & Chief Executive Officer, Foot Locker, Inc.
  • Hubert Joly, Chairman & Chief Executive Officer, Best Buy Co., Inc.
  • Richard Keyes, President & Chief Executive Officer, Meijer, Inc.*
  • Stephen Laughlin, Vice President & Global Industry Leader, Retail, IBM Corporation
  • Craig Menear, Chairman, Chief Executive Officer & President, The Home Depot, Inc.
  • Michael Polk, Chief Executive Officer, Newell Brands
  • Steve Rendle, President & Chief Executive Officer, VF Corporation
  • Gregory Sandfort, Chief Executive Officer, Tractor Supply Company
  • Jill Standish, Senior Managing Director, Global Retail Consulting Practice, Accenture
  • Todd Vasos, Chief Executive Officer, Dollar General Corporation
  • Sandra Kennedy, President, Retail Industry Leaders Association

*Denotes Newly Elected Member

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers domestically and abroad.

Contact:
Christin Fernandez
Vice President, Communications
Phone: 703-600-2039
Email: christin.fernandez@rila.org

Source: RILA

Target Corporation announces 15 percent off online and in stores from Sunday, Nov. 27, through Monday, Nov. 28

Sale starts Sunday, Nov. 27, and lasts through Cyber Monday, Nov. 28

MINNEAPOLIS, 2016-Nov-24 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today (November 22, 2016) announced a new, unprecedented way to kick off Cyber Week: Target is offering 15 percent off nearly everything online and in stores for two days, from Sunday, Nov. 27, through Cyber Monday, Nov. 28.

“Target is building on last year’s record-breaking Cyber Monday event with a truly spectacular two-day offer,” said Mike McNamara, chief information and digital officer of Target. “We’re giving guests a compelling opportunity to save 15 percent across Target’s broad assortment, plus the flexibility to shop the offer for two days in a way that’s most convenient to them – whether they want to shop online or in a store.”

The sitewide, storewide 15 percent discount – which will go live online early Sunday morning, Nov. 27 – will simply be applied at checkout both online and in stores during the two-day sale. No online promo code or in-store coupon will be required. New this year, Target is expanding the 15 percent off discount to include all gaming consoles, iRobot vacuums, KitchenAid appliances and all Apple products – including iPhone and Apple Watch. And, as always, all online orders on Target.com ship for free throughout the holidays.

In addition, guests can visit Target.com/WeeklyAd beginning Sunday, Nov. 27, to view a selection of week-long Cyber Week deals, available only at Target.com from Nov. 27 through Dec. 3. Guests will find discounts on gifting items across electronics, toys, home and more. Top deals include:

  • Samsung 43” Ultra HD TV, $399.99 plus $50 Target GiftCard (Reg. $599.99)
  • Free Xbox Live Gold three-month membership ($24.99 value) with purchase of Xbox One S 500GB console with Battlefield 1 digital download, $249.99 (Reg. $299.99) (console sale price available Nov. 27-28)
  • Free $100 Target GiftCard with purchase of any Swagtron T1/T3 Hoverboard (Reg. $349.99/$449.99)
  • Up to 25 percent off K’NEX, Mega Bloks, Magformers, and select LEGO toys
  • KitchenAid Professional 5-qt. Stand Mixer, $199.99 (Reg. $449.99)
  • iRobot Roomba 880 robotic vacuum, $449.99 (Reg. $599.99)
  • Save $10 when you spend $50 and save $25 when you spend $100 on trees, lights, décor, ornaments and more (offer available in-store and online)

To read Mike McNamara’s perspective on why online-only events like Cyber Monday are shifting to become in-store events too, check out A Bulleye View.

About Target

Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,802 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

Media Contact:

Eddie Baeb
Communications
(612) 761-9657

Target Media Hotline:
(612) 696-3400

Source: Target

Target Corporation announces the appointment of Preston Mosier as SVP, fulfillment operations

MINNEAPOLIS, 2016-Aug-16 — /EPR Retail News/ — Today (August 8, 2016) Target Corporation (NYSE: TGT) announced the hiring of Preston Mosier as senior vice president, fulfillment operations. Mosier will oversee Target’s direct-to-consumer fulfillment centers, as well as the process improvement, customer experience and product management functions related to direct fulfillment. He will report to Target’s executive vice president and chief supply chain and logistics officer, Arthur Valdez.

Mosier brings expertise in managing direct-to-consumer delivery, including optimizing last-mile operations and using data and automation to move product more efficiently. He spent 10 years in various leadership positions at Amazon building direct-delivery capabilities within a growing, large-scale operation. Most recently, he spent four years with Liquidity Services as vice president of operations leading efforts to improve profitability and capacity within supply chain networks for some of the world’s largest technology and retail companies.

“A top priority for our guests is to get what they ordered quickly, accurately and without hassle,” says Valdez. “Target already has a strong operation to move product in bulk to stores, so bringing the online fulfillment function under a specialized leader will enhance our direct-to-guest operation. Preston’s experience using technology and data to deliver smaller packages directly to consumers will help us continue building capabilities that will put product in guests’ hands even faster.”

“Target has a sophisticated distribution network – plus nearly 1,800 stores across the country that are well-positioned in local neighborhoods,” says Mosier. “I’m excited to work with the team, at a brand I’ve long admired, to continue refining how we use those assets to improve speed and precision, while also reducing cost and complexity.”

Mosier joins the company Aug. 14.

About Target Corporation
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,797 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

Media Contact:

Molly Snyder
Media
(612) 696-3400

John Hulbert
Investors
(612) 761-6627

Source: Target Corporation

Target Corporation to consolidate its media buying and planning business under media agency based in New York City GroupM

MINNEAPOLIS, 2016-Apr-06 — /EPR Retail News/ — Today (April 5, 2016) Target Corporation (NYSE: TGT) announced it will consolidate its media buying and planning business under GroupM, a world-class media agency based in New York City. GroupM began working with Target in 2015 and will assume full responsibility for Target’s media business. Target will immediately begin transitioning the remaining business from Haworth Marketing + Media to GroupM.

“We want to first and foremost thank Gary and the Haworth team for a long and successful relationship. They have been a key partner in bringing to life many of Target’s iconic moments,” said Kristi Argyilan, senior vice president of Media and Guest Engagement, Target. “Since bringing GroupM on board in 2015, we’ve been impressed with their team and industry-leading media and measurement capabilities. We’re working with GroupM to build an incredible Target team and look forward to this next chapter together.”

“We’ve worked with Target for decades and are proud of the incredible things we accomplished together,” said Gary Tobey, CEO of Haworth Marketing + Media. “I felt it was time to take Haworth in a different direction. As we seek to evolve our agency and explore new opportunities, we wish the Target and GroupM teams the best as they move forward.”

GroupM will immediately pick up all new work and there will be a three-month transition period between the two agencies. The team will primarily be led from GroupM’s New York office, with additional support in San Francisco and Minneapolis. GroupM will assemble top talent from across their organization – including digital media, global measurement, innovation and strategy – to develop best-in-class solutions for Target.

“Target is one of America’s great brands and we are thrilled to broaden GroupM’s partnership with them,” said Rob Norman, Chairman, GroupM North America. “Target has an unwavering commitment to improving their guests’ experience and we will focus all of our talent, tools and insights to help them win.”

Media Contact: Jenna Reck, Target Public Relations, (612) 761-5829
Target Media Hotline: (612) 696-3400

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,793 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

 

Target Corporation announces two key hires for the its technology team

Retailer also hires Joel Crabb as Vice President of Architecture

MINNEAPOLIS, 2016-Mar-22 — /EPR Retail News/ — Target Corporation (NYSE: TGT) announced today two key hires for the company’s technology team. Tom Kadlec will join Target as senior vice president of infrastructure and operations, leading efforts to modernize and enhance Target’s technology foundation. The company also announced the hiring of Joel Crabb as vice president of architecture, with responsibility for enterprise architecture, agile practices and Application Program Interfaces (APIs).

“Tom and Joel bring decades of technology and engineering experience to Target, along with proven track records of building and implementing cutting-edge technologies for retailers,” said Mike McNamara, Chief Information Officer, Target. “Adding leaders of this caliber will propel the progress we’re making to strengthen Target’s engineering muscle, enhance our foundational systems and bring new technology innovations to life for our guests.”

Kadlec has nearly 25 years of global technology experience in retail and finance, including 17 years spent in various leadership positions at Tesco PLC, where he most recently was group technology director for the UK-based grocer. Prior to that, Kadlec worked in the Czech Republic and Hungary for Tesco, and led the retailer’s operations and infrastructure team through major transformation and the retiring of many legacy applications. Kadlec comes to Target from Virtual Clarity, a cloud technologies implementation consultancy, where he worked on the transformation of a major UK bank. Kadlec has a master’s degree in mechanical engineering from the Czech Technical University in Prague.

Crabb has more than 20 years of experience as a technology leader and engineer. He joined Target from Best Buy Co., where he worked for more than five years, most recently as chief architect and head of digital engineering. Prior to that, he held various technology leadership and engineering posts at companies in the Minneapolis area. Crabb has engineering degrees from Washington University in St. Louis and the University of Wisconsin, plus a master’s in business administration from the University of Minnesota’s Carlson School of Management.

Media Contact: Eddie Baeb, Target Public Relations, (612) 761-9657
Target Media Hotline: (612) 696-3400

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,793 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

CVS Health and Target Corporation announce first CVS Pharmacy locations in Target stores

CVS Pharmacy locations feature new look, expanded pharmacy care services and enhanced digital tools for Target guests nationwide 

WOONSOCKET, RI and MINNEAPOLIS, MN, 2016-Feb-04 — /EPR Retail News/ — CVS Health (NYSE:CVS) and Target Corporation (NYSE:TGT) today announced that the first CVS Pharmacy locations in Target stores are now open in the Charlotte, North Carolina market. The pharmacies, located in Hickory, Monroe, Morrisville, Raleigh, Matthews and Wesley Chapel, are being operated through a store-within-a-store format and are branded CVS Pharmacy. CVS Pharmacy and Target executives will participate in a grand opening celebration at the Target store on Weddington Road in Wesley Chapel this morning.

CVS Health will convert 1,672 Target pharmacies to CVS Pharmacy locations around the country on a rolling basis over the next six to eight months while ensuring Target guests a seamless pharmacy experience.

“We’re thrilled to have the opportunity to introduce our integrated pharmacy services and health care expertise to Target guests across the country,” said Larry Merlo, President and CEO of CVS Health. “Our pharmacy care and clinic offerings, along with our innovative digital tools, will offer Target guests expanded wellness options and increased access to care. In addition, having CVS Pharmacy in Target stores will expand the network of our pharmacies available to our CVS Caremark plan members and allow millions of new patients to utilize our unique suite of pharmacy programs, improving outcomes for patients and lowering costs for clients. We look forward to welcoming Target guests as our pharmacy patients. ”

“Target is committed to offering solutions for our guests as they prioritize making smarter choices for the overall health and wellbeing of themselves and their families. As the number of stores opening rebranded pharmacies and clinics grows, more and more guests will have access to CVS Health’s leading pharmacy care and clinical programs during their Target shopping experience.  At the same time, our signature category of Wellness continues to gain strength as we shift resources to delivering products and experiences that help guests eat well, be active and find natural and clean label options,” said Brian Cornell, Chairman and CEO of Target.

Over time, all of the Target pharmacies will convert to a full CVS Pharmacy that offers the complete suite of services available at traditional CVS Pharmacy locations.  Maintenance Choice, a program that lets CVS Caremark plan members choose to fill 90-day supplies of medications for chronic conditions either through mail service or at any CVS Pharmacy location, is now available in all pharmacies in Target.  Specialty Connect, a program that gives patients the option to bring their specialty prescriptions to any CVS Pharmacy, will be available to patients as Target pharmacies convert to CVS Pharmacy.  Pharmacy Advisor, a program in which CVS Caremark plan members diagnosed with chronic conditions receive face-to-face counseling when they choose to fill prescriptions at CVS Pharmacy or by phone when they choose mail service pharmacy, will be available at all CVS Pharmacy locations in Target by the end of 2016.

“As we roll out the new CVS Pharmacy in Target stores, we will be working closely with patients to make their transition to our services and programs as simple and seamless as possible,” added Helena Foulkes, President of CVS Pharmacy and Executive Vice President of CVS Health.  “CVS Pharmacy in Target stores will not only introduce new customers to our leading pharmacy care and innovative clinical programs, it will also introduce them to a set of digital tools to help them stay healthy.”

Patients at CVS Pharmacy in Target will have access to convenient and easy-to-use digital tools, such as the CVS Pharmacy app and CVS.com, to help them manage their prescriptions and stay on track with their medications. Patients who utilize CVS Pharmacy’s digital offerings are also able to scan their pill bottles to order refills of their prescriptions and receive medication reminders while benefiting from easier in-store pickup. CVS Pharmacy’s leading ExtraCare loyalty program and the opt-in ExtraCare Pharmacy & Health Rewards will allow patients to earn $5 in ExtraBucks Rewards for every 10 prescriptions filled. Patients can also earn rewards for the other things they do to stay healthy, like getting immunizations or choosing email refill reminders.

In December 2015, CVS Health acquired all Target pharmacies and retail clinics across 47 states. In addition, a CVS Pharmacy will be included in all new Target stores that offer pharmacy services and Target clinic locations will be rebranded as CVS MinuteClinic over the next six to eight months. The acquisition expands CVS Health’s pharmacy footprint by approximately 20 percent and its clinic footprint by about 8 percent. Consumers in several new markets, such as Seattle, Denver, Portland and Salt Lake City, will soon be able to experience CVS Pharmacy for the first time. CVS Health now has a presence in every state except Wyoming.

To learn more about the Target pharmacy transition, customers can visit www.cvs.com/target.

About CVS Health
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,500 retail pharmacies, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 70 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, and expanding specialty pharmacy services, the Company enables people, businesses and communities to manage health in more affordable, effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,792 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

Contacts

For CVS Health:

Erin Pensa
(401) 770-4786
Erin.Pensa@CVSHealth.com

For Target:

Katie Boylan
(612) 761-7788.
katie.boylan@target.com

Target Media Hotline
(612) 696-3400
press@target.com

Janna Potts becomes Executive VP Chief Stores Officer Target Corporation

MINNEAPOLIS, 2016-1-6 — /EPR Retail News/ — Today Target Corporation (NYSE: TGT) announced the promotion of Janna Potts to executive vice president, chief stores officer. Potts will be responsible for the leadership of Target’s 1,805 stores across the United States. Potts will replace Tina Tyler and will assume the position effective immediately. She will serve as a member of Target’s leadership team and will report to Target’s chief operating officer, John Mulligan.

“Janna has been a tremendous leader at Target and we believe she will be a tremendous asset to the team, the company and, ultimately, our guests in this role,” said Mulligan. “As we continue to focus on offering our guests a seamless, uniquely Target shopping experience, we believe Janna’s strategic leadership, expertise in managing complex organizations, and her dedication to the team make her well suited for the opportunities ahead.”

Potts has been with the company since 1989 when she joined Mervyn’s. Since that time, she has held a variety of leadership positions in stores, operations, and human resources. Most recently, she was Target’s senior vice president of human resources focused on stores and distribution.

Media Contact: Dustee Jenkins (612) 696-3400
Investor Contact: John Hulbert (612) 761-6627

About Target Corporation
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,805 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

media hotline
We strive to return all of our media inquiries within one business day.
email us
(612) 696-3400

P&G former group president Melanie Healey elected to Target Corporation’s Board of Directors

MINNEAPOLIS, 2015-11-13 — /EPR Retail News/ — Target Corporation (NYSE: TGT) announced today its board of directors elected Melanie Healey, former group president, North America, of The Procter & Gamble Company (P&G, NYSE: PG), as a new director, effective immediately.

Ms. Healey, 54, spent more than 25 years at P&G. During her tenure, she worked in Brazil, Mexico, Venezuela and the United States, most recently as group president and advisor to the chairman and chief executive officer, from January 2015 until July 2015 and as group president, North America, from 2009 until December 2014. Her history at the company includes a variety of leadership roles in marketing and in the health and personal care businesses, including group president, global feminine and health care. Prior to P&G, Ms. Healey held positions at S.C. Johnson & Sons and Johnson & Johnson.

“Mel brings to Target’s board more than 30 years of CPG experience and a passion for improving the lives of consumers around the world. She has a track record of delivering growth, driving operational improvements and launching successful product innovations for globally recognized brands. She also has a history of building wellness brands, which will provide an important perspective as Target continues to elevate wellness as one of our signature categories,” said Brian Cornell, chairman and CEO of Target.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,805 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter

media contact

Dustee Jenkins
Public Relations
p: (612) 696-3400

John Hulbert
Investor Relations
p: (612) 761-6627

Anu Gupta appointed VP Operational Excellence Target Corporation

MINNEAPOLIS, 2015-9-28 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today announced the appointment of Anu Gupta to the role of senior vice president, operational excellence. In this role, which is new to Target, Gupta will lead a dedicated team in simplifying and optimizing processes across the business to help the retailer become more agile in anticipating and meeting guests’ needs. She will report to John Mulligan beginning October 12. Mulligan was recently elevated to the position of Target’s first chief operating officer.

Gupta brings more than 20 years of expertise in driving operational excellence, leveraging global operating models including outsourcing, procurement, lean six sigma process redesign and corporate development across diverse industries, including retail. She previously served as vice president for process and profit improvement at Michaels Stores, Inc., where she led the improvement of a variety of core business processes including inventory productivity, product delivery lead times and store operations. Prior to Michaels, Gupta held an operational leadership role at Safeway, Inc. and was responsible for creating strategic retail services initiatives. She joins Target from private equity investment firm Hellman & Friedman, where she was senior operating executive with oversight for improving business processes and productivity across its portfolio companies.

Gupta’s appointment comes as Target’s leadership renews its focus on improving operational fundamentals, particularly technology systems and platforms, supply chain and out-of-stocks and the guest experience. The retailer is investing a previously announced $1 billion in supply chain and technology infrastructure this year, and is putting the right teams and leaders in place to spearhead the effort.

“Anu has a proven track record of increasing effectiveness across every aspect of organizations in a variety of complex businesses, including retail. She brings the right expertise to help simplify our operating processes to be more nimble and sustainable,  an important early step as we focus on shoring up our core operations and giving guests an on-demand experience,” said Mulligan.

“My focus upon arriving at Target will be working closely with leaders to help make strides in the efforts to strengthen the fundamentals. I have long admired Target and am looking forward to joining such a talented team and dynamic brand,” said Gupta.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,799 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

media contact
Erin Conroy
p: (612) 761-5928

SPOURCE: Target Brands, Inc.

Target Corporation announces the promotion of John Mulligan to the newly created role of EVP and chief operating officer, effective Sept. 1

MINNEAPOLIS, 2015-8-18— /EPR Retail News/ — Target Corporation (NYSE: TGT) today promoted John Mulligan to the newly created role of executive vice president and chief operating officer, effective Sept. 1. Mulligan will assume oversight of stores, supply chain and properties. Joining Target as executive vice president and chief financial officer will be Cathy Smith, a seasoned retail business leader. Both Mulligan and Smith will report to Target’s chairman and chief executive officer, Brian Cornell.

“John has unparalleled expertise in Target’s business and I am very pleased that he will be assuming this new leadership position. Bringing together key operations functions under John will put Target on a more progressive path to transformation and help us break down barriers to deliver improvements across our business,” said Cornell. “As our new CFO, Cathy brings significant business and retail expertise to Target. Her background will be integral to accelerating our long-term growth strategy.”

Mulligan has worked at the Minneapolis-based company since 1996, when he began as a financial analyst. He has served as the company’s chief financial officer since 2012. In 2014, he led the company as the retailer’s interim president and CEO from May to August while continuing to act as CFO. Throughout his tenure at Target, Mulligan has served in key leadership positions in finance and human resources, including director of Target.com Finance, director of Capital Investments, vice president of Pay and Benefits, vice president of Financial Planning and Analysis and senior vice president of Treasury and Accounting.

“Integrating operations will help further fuel Target’s transformation and as COO, I’ll prioritize driving improvements in the fundamental areas of our business and equipping the team to move quickly. By working strategically across the enterprise, we will build on the critical capabilities that will fuel Target’s differentiation in the marketplace. Achieving operational excellence is foundational to Target’s long-term success,” said Mulligan.

The company will report its second quarter financial results on Aug. 19 and host a conference call with investors where Cornell, Mulligan and Smith will participate. Mulligan will also serve as an advisor to Smith throughout her transition into the company and the role. Smith will formally join the company on Sept. 1, 2015.

“I have a tremendous amount of respect and admiration for the Target brand and the team behind it. I look forward to continuing Target’s strong record of financial management and playing an active role as Target makes gains on its long-term strategic plan,” said Smith.

Prior to joining Target, Smith served as executive vice president and chief financial officer at St. Louis-based Express Scripts, a Fortune 20 company and the nation’s largest pharmacy benefit manager with $100 billion in revenue. She has also held CFO positions at Walmart International, GameStop, and others. Cathy received her BA from the University of California, Santa Barbara and her MBA from the University of Southern California. As CFO at Target, Smith’s responsibilities will include Treasury and Tax; Internal and External Financial Reporting and Operations; Financial Planning and Analysis; Internal Audit; Investor Relations; and Target’s Financial and Retail Services Business.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,799 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

media contact

Dustee Jenkins
Public Relations
p: (612) 696-3400

John Hulbert
Investor Relations
p: (612) 761-6627

Target Corporation elected Donald R. Knauss and Robert L. Edwards as new directors

MINNEAPOLIS, 2015-8-17— /EPR Retail News/ — Target Corporation (NYSE: TGT) announced today its board of directors elected Donald R. Knauss, former executive chairman and former chairman and chief executive officer of The Clorox Company (NYSE: CLX), and Robert L. Edwards, former CEO of Safeway Inc., as new directors, effective immediately.

Mr. Knauss, 64, served as chairman and CEO of Clorox from October 2006 until November 2014. He then served as executive chairman until July 1, 2015. Before joining Clorox, he was president and chief operating officer of Coca-Cola North America. He is also a former U.S. Marine Corps officer.

Mr. Edwards, 60, served as CEO of Safeway from May 2013 until April 2015. He also served Safeway as president and chief financial officer, from April 2012 to May 2013. He joined Safeway in 2004 as executive vice president and chief financial officer.

“Don and Robert each bring a deep understanding of the consumer and a wealth of relevant expertise to Target. Don has a lengthy track record of driving the strategic growth of prominent, consumer brands at global companies. Robert has held leadership positions in the grocery industry for more than a decade and will offer a fresh perspective on our food reinvention, in particular. Don and Robert will be important additions to our board as we continue to transform Target and elevate the guest experience,” said Brian Cornell, chairman and CEO of Target.

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,799 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities; that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

media contact
Dustee Jenkins
Public Relations
p: (612) 696-3400

John Hulbert
Investor Relations
p: (612) 761-6627

Target Corporation declares quarterly dividend of 56 cents per common share, 7.7 percent increase from the prior quarterly dividend

Announcements Highlight Continued Focus on Returning Cash to Shareholders

MINNEAPOLIS, 2015-6-11 — /EPR Retail News/ — The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 56 cents per common share, a 7.7 percent increase from the prior quarterly dividend of 52 cents.  The dividend is payable Sept. 10, 2015, to shareholders of record at the close of business Aug. 19, 2015. The third quarter dividend will be the company’s 192nd consecutive dividend paid since October 1967, when the company became publicly held. With the increase announced today, 2015 is expected to be the 44th consecutive year in which Target has increased its annual dividend.

In addition, Target’s board of directors has approved an expansion of its current share repurchase authorization from $5 billion to $10 billion. Under this authorization, through the first quarter of 2015, the company had invested a total of $3.7 billion to retire 56.9 million shares at an average price of $65.06 per share.

“Today’s announcements reinforce Target’s long history of thoughtfully returning cash to shareholders through dividends and share repurchase,” said John Mulligan, Target’s executive vice president and CFO. “Our capital deployment priorities have been consistent for many years and remain the same today. First, we invest in our core business through projects that support our strategic and financial goals. Second, we support the dividend and expect to maintain our long-standing record of annual increases. Finally, we return cash to shareholders by retiring shares within the limits of our current investment-grade credit ratings. Given our outlook for capital expenditures and the strong cash generation of our core business, we expect to have the capacity to increase our annual dividend — and repurchase billions of dollars of Target shares annually — while maintaining our current credit ratings.”

Forward-Looking Statements

Statements in this release regarding expected dividends, share repurchase, cash flow and capital expenditures, capital deployment priorities, and credit ratings are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements speak only as of the date they are made and are subject to risks and uncertainties which could cause the Company’s actual results to differ materially. The most important risks and uncertainties are described in Item 1A of the Company’s Form 10-K for the fiscal year ended January 31, 2015.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,795 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

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John Hulbert Investor Relations
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Dustee Jenkins
Public Relations
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Target Corporation sells Target Commercial Interiors to Omni Workspace Company

Minneapolis-based Omni Workspace Company will acquire TCI

MINNEAPOLIS, 2015-5-15 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today announced it will sell Target Commercial Interiors (TCI), a subsidiary that provides office furnishings and related services for business and commercial clients. Minneapolis-based Omni Workspace Company, more commonly known as A&M Business Interior Services, will acquire TCI and operate it as a wholly owned subsidiary. TCI will be renamed following the completion of the acquisition.

Omni Workspace will retain TCI’s downtown Minneapolis headquarters, located at 81 S. 9th Street, and will continue to operate the six additional TCI furniture showrooms and offices throughout Arizona, Illinois and Wisconsin. TCI’s leadership team will remain in place, and its employees will become part of Omni Workspace.

“Target is continuing to drive our transformation by focusing on our core businesses and putting our guests at the center of everything we do. Target Commercial Interiors has a rich history and a great track record with clients, but its business model is tailored to commercial customers. The decision to exit a business is always difficult, but we are thrilled that TCI will remain in Minneapolis,” said Target Chief Financial Officer John Mulligan.

“I’m looking forward to the future as we join forces with nearly 30-year partner A&M Business Interior Services to combine talented teams, industry expertise and a tremendous group of clients. My leadership team and I are committed to ensuring a smooth transition for our team and for Target,” said Mike Litwin, vice president and general manager, Target Commercial Interiors.

TCI was established in 1953 as Dayton’s Commercial Interiors, changing its name in 2004 shortly after The Dayton Company became Target Corporation. TCI supplies office furniture to Target’s Minneapolis headquarters and its other offices around the country, and will remain a vendor partner to Target.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,795 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

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Target Corporation entered into Settlement Agreement with MasterCard International relative to the data breach Target experienced during Q4 2013

MINNEAPOLIS, 2015-4-16 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today announced that it has entered into a Settlement Agreement with MasterCard International Incorporated relative to the data breach that Target experienced during the fourth quarter of 2013.

Under the agreement, alternative recovery offers will be made by MasterCard to eligible MasterCard issuers worldwide that issued MasterCard-branded payment cards claimed to have been affected by the data breach, and MasterCard will recommend that such eligible issuers accept their offers.

Target has agreed to fund up to $19 million pre-tax in alternative recovery payments, depending on the extent of eligible issuer acceptances.  The settlement is conditioned on issuers of at least 90% of the eligible MasterCard accounts accepting their alternative recovery offers, either directly or through their sponsoring issuers, by May 20, 2015.  The estimated costs of this settlement are already reflected in the data breach liabilities that Target established during fiscal 2013 and 2014.

Scott Kennedy, President, Financial & Retail Services at Target, stated “We are hopeful that Target’s agreement to pay up to $19 million to settle the claims of MasterCard and its issuers will result in a high level of issuer acceptance.  Target intends to continue to defend itself vigorously against any assessments made by MasterCard on behalf of MasterCard issuers that do not accept their offers.”

Assuming that all conditions to consummation of the settlement have been satisfied, accepting issuers will be paid by the end of the second quarter of 2015.  Each accepting eligible issuer will, on behalf of itself and any affiliated or sponsored issuer of such eligible issuer on whose behalf the eligible issuer accepts an offer, release and indemnify Target and its acquiring banks with respect to any claims that such eligible issuer and affiliated and sponsored issuers may have with respect to the data breach, including but not limited to any claims in the putative class actions relating to the data breach that are pending in federal court.

All eligible issuers will soon receive notification from MasterCard will full details of the Settlement Agreement and how to accept their alternative recovery offers before the offers expire.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,795 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

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Dustee Jenkins Public Relations
p: (612) 696-3400

John Hulbert
Investor Relations
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Target Corporation names Anne Dament to the role of Senior Vice President, Merchandising

Dament joins retailer as Senior Vice President-Merchandising

MINNEAPOLIS, 2015-4-16 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today announced the appointment of Anne Dament to the role of Senior Vice President, Merchandising. In this role, she will be responsible for leading the strategic repositioning of Target’s food business.

Dament brings more than 19 years of grocery and consumer packaged goods experience to the role. She started her career in food, as a buyer at SUPERVALU and then at Safeway where she held various category and sales management positions. Later she led Safeway’s Homecare and General Merchandising business operations, where she worked closely with a variety of consumer packaged goods partners and focused on the company’s global buying strategy. In her final role at Safeway, she served as Group Vice President, Perishable Strategy, where she introduced newness in assortments and merchandising, including meal solutions and grab-and-go options.

Dament’s background also includes positions at ConAgra Foods subsidiary Grist Mill Co. and Otis Spunkmeyer. She joins Target from PetSmart, where she most recently served as Vice President-Services.

Target leadership previously announced the company will reposition its approach to food over the next 12 to 18 months. Based on guest insights, focus areas will include making better-for-you options simple and attainable, providing meal solutions and offering unique selections for everyday occasions as well as entertaining.

“Our guests tell us they expect Target to inspire them with differentiated food offerings like we do in other areas. We have an opportunity to make food more reflective of our brand, elevate the shopping experience and make Target a food destination for our guests. Having previously worked alongside Anne, I know her industry expertise and proven ability to reinvigorate existing businesses make her the right leader to drive our reinvention,” said Target Chairman and Chief Executive Officer Brian Cornell.

“My very first job was in a local grocery store and I’ve had a passion for food ever since. Joining the team at Target gives me an opportunity to bring my professional experience and love of food to the organization as their transformation is just getting underway,” said Dament. “I’m excited to return home to Minnesota and work alongside great leaders for such an iconic brand.”

Target’s food reinvention will emphasize six key categories that resonate most with its guests: better-for-you snacks, coffee and tea, premium sauces and oils, specialty candy, wine and craft beer, and yogurt and granola. It will also expand the availability of natural, organic, locally grown and gluten-free choices to fit guests’ wellness-focused lifestyles. Work on the reinvention is underway, with the most significant changes slated to arrive in stores in 2016.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,795 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

media contact
Katie Boylan p: (612) 761-7788

Target Corporation to webcast its meeting with the financial community on March 3 from approximately 2:30 p.m. to 5 p.m. Eastern time

MINNEAPOLIS, 2015-3-2 — /EPR Retail News/ — Target Corporation (NYSE:TGT) will webcast its meeting with the financial community on March 3 from approximately 2:30 p.m. to 5 p.m. Eastern time. Investors and others are invited to access the presentations and Q&A session online on the Events & Presentations section of Target.com/Investors. The webcast will be archived for at least 90 days following the meeting.

At the meeting, Target will discuss its strategic and financial plans and provide guidance for the company’s expected fiscal 2015 financial performance. Speakers will include:

  • Brian Cornell, Chairman of the Board and Chief Executive Officer
  • John Mulligan, Executive Vice President and Chief Financial Officer
  • Casey Carl, Chief Strategy and Innovation Officer
  • Kathee Tesija, Executive Vice President and Chief Merchandising and Supply Chain Officer
  • Jeff Jones, Executive Vice President and Chief Marketing Officer

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,790 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

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We strive to return all media inquiries within one business day.

Target Corporation to webcast its meeting with the financial community on March 3

MINNEAPOLIS, 2015-2-5 — /EPR Retail News/ — Target Corporation (NYSE:TGT) will webcast its meeting with the financial community on March 3 from approximately 2:30 p.m. to 5 p.m. Eastern time. Investors and others are invited to access the presentations and Q&A session online on the Events & Presentations section of Target.com/Investors. The webcast will be archived for at least 90 days following the meeting.

At the meeting, Target will discuss its strategic and financial plans and provide guidance for the company’s expected fiscal 2015 financial performance. Speakers will include:

  • Brian Cornell, Chairman of the Board and Chief Executive Officer
  • John Mulligan, Executive Vice President and Chief Financial Officer
  • Casey Carl, Chief Strategy and Innovation Officer
  • Kathee Tesija, Executive Vice President and Chief Merchandising and Supply Chain Officer
  • Jeff Jones, Executive Vice President and Chief Marketing Officer

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,790 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter

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Target Corporation appoints Mike McNamara as EVP and CIO

McNamara will play a key role in Target’s digital transformation

MINNEAPOLIS, 2015-2-3 — /EPR Retail News/ — Target Corporation today announced that Mike McNamara will assume the role of executive vice president and chief information officer. As the company’s top technology leader, McNamara will further advance Target’s digital transformation and help Target become a leading omnichannel retailer.

McNamara replaces Bob DeRodes, who is retiring after playing a pivotal role in guiding Target’s information security efforts. McNamara will report to Target Chairman and CEO, Brian Cornell.

“Technology is critical for Target’s future success. So finding the right leader for this role was one of my absolute top priorities,” Cornell said. “Mike has been a driving force for technology innovation throughout his career. He’s got a stellar track record, and I’m excited to see how he’ll help our team continue to push new innovations that enhance the shopping experience for Target guests, both online and in stores.”

McNamara will join Target from UK-based Tesco PLC, where he worked for more than 15 years. In 2011, McNamara was named the global supermarket chain’s chief information officer, with responsibility for all information technology systems.

McNamara was instrumental in modernizing and advancing Tesco’s IT and supply chain worldwide, which helped establish Tesco as an e-commerce pioneer that’s now one of the world’s largest online grocers. Under his leadership, Tesco also ushered in a host of breakthrough in-store technologies such as “scan-as-you-shop” capabilities and launched the company’s innovation lab. McNamara also is chairman of Tesco’s technology office in India. In his new role at Target, McNamara will have oversight of the company’s technology team and operations, including information security, and will help shape enterprise strategy as a member of Target’s leadership team.

“Tesco is a world class brand and I’m grateful for the time I spent there. Looking ahead, I’m  thrilled to join Target at a time when Brian and the leadership team are intensifying their investment in technology and prioritizing its role in Target’s future success,” McNamara said. “I have long admired Target as a retailer and its legacy of putting customers first. To be part of an organization like Target and help shape the future of its technology and omnichannel strategy was a dream opportunity for me.”

McNamara’s predecessor, DeRodes, is a 40-year information technology veteran who joined Target last spring with a focus on enhancing data security and technology infrastructure. DeRodes was instrumental in moving Target’s technology team forward, including hiring Brad Maiorino as the company’s first chief information security officer, and preparing Target for the 2014 holiday season. DeRodes will serve for a short time in a senior advisory role to Target.

“Bob joined Target during a very challenging but important moment for the company,” Cornell said. “I’m grateful for the progress that Bob and his team have made, and for the foundational IT work that’s been done to set Target up for future success.”

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,790 stores and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

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Katie Boylan
p: (612) 761-7788

Target Corporation declares quarterly dividend of 52 cents per common share

MINNEAPOLIS, 2015-1-16 — /EPR Retail News/ — The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 52 cents per common share. The dividend is payable March 10, 2015 to shareholders of record at the close of business February 18, 2015. The 1st quarter dividend will be the company’s 190th consecutive dividend paid since October 1967 when the company became publicly held.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,934 stores – 1,801 in the United States and 133 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

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John Hulbert
Investors
p: (612) 761-6627

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e: email
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We strive to return all media inquiries within one business day.

Target Corporation to discontinue operating stores in Canada through its indirect wholly-owned subsidiary, Target Canada Co.

Target Canada takes steps to ensure a fair and orderly exit, seeks Court approval to begin liquidation process under the CCAA Company provides update on fourth quarter performance in the U.S.

MINNEAPOLIS, 2015-1-16 — /EPR Retail News/ — Today Target Corporation (NYSE:TGT) (the “Company”) announces that it plans to discontinue operating stores in Canada through its indirect wholly-owned subsidiary, Target Canada Co. (“Target Canada”). As a part of that process, this morning Target Canada filed an application for protection under the Companies’ Creditors Arrangement Act (the “CCAA”) with the Ontario Superior Court of Justice (Commercial List) in Toronto (the “Court”).

“When I joined Target, I promised our team and shareholders that I would take a hard look at our business and operations in an effort to improve our performance and transform our company. After a thorough review of our Canadian performance and careful consideration of the implications of all options, we were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021. Personally, this was a very difficult decision, but it was the right decision for our company. With the full support of Target Corporation’s Board of Directors, we have determined that it is in the best interest of our business and our shareholders to exit the Canadian market and focus on driving growth and building further momentum in our U.S. business,” said Brian Cornell, Target Corporation Chairman and CEO.

Target Canada currently has 133 stores across the country and employs approximately 17,600 people. To ensure fair treatment of Target Canada employees, Target Corporation is seeking the Court’s approval to voluntarily make cash contributions of C$70 million (approximately US$59 million) into an Employee Trust. Upon approval by the Court, the proposed trust would provide that nearly all Target Canada-based employees receive a minimum of 16 weeks of compensation, including wages and benefits coverage for employees who are not required for the full wind-down period. Target Canada stores will remain open during the liquidation process.

As part of its application, Target Canada is seeking the appointment of Alvarez & Marsal Canada as Monitor in the CCAA proceedings to oversee the liquidation and wind-down process for Target Canada and its subsidiaries. Subject to Court approval, Target Corporation has committed to provide a US$175 million debtor-in-possession credit facility to finance Target Canada’s operations during the CCAA proceedings. Target Canada is also seeking Court approval to engage Lazard to advise Target Canada in connection with the sale of its real estate assets.

“The Target Canada team has worked tirelessly to improve the fundamentals, fix operations and build a deeper relationship with our guests. We hoped that these efforts in Canada would lead to a successful holiday season, but we did not see the required step-change in our holiday performance,” said Cornell. “There is no doubt that the next several weeks will be difficult, but we will make every effort to handle our exit in an appropriate and orderly way.”

As a result of the CCAA filing, Target Corporation has determined that Target Canada and its subsidiaries will be deconsolidated from Target Corporation’s financial statements as of the date of the filing.  Target Corporation expects to report approximately $5.4 billion of pre-tax losses on discontinued operations in the fourth quarter of 2014, driven primarily by the write-down of the Corporation’s investment in Target Canada, along with costs associated with exit or disposal activities and quarter-to-date Canadian Segment operating losses prior to today’s filing. Target Corporation expects to report approximately $275 million of pre-tax losses on discontinued operations in fiscal 2015.

Target Corporation’s cash costs to discontinue Canadian operations are expected to be $500 million to $600 million, most of which will occur in the Company’s 2015 fiscal year or later. The Company has sufficient resources to fund these expected costs, including cash on hand and ongoing cash generation by its U.S. business.

Target Corporation expects this decision will increase its earnings in fiscal 2015 and beyond, and increase its cash flow in fiscal 2016 and beyond.

As a result of the decision announced today, Target Corporation will operate as a single segment that includes all U.S. operations. Beginning with the Company’s fourth quarter 2014 financial results, Target will report adjusted earnings per share reflecting operating results from its U.S. operations, excluding discontinued Canadian operations, the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the Company’s U.S. consumer credit card portfolio, net expenses related to the 2013 data breach, and the resolution of certain tax matters.

Target Corporation plans to provide additional information on the financial implications of this announcement in a Form 8-K to be filed with the Securities and Exchange Commission later today.

Update on expected fourth quarter U.S. performance

Based on performance through November and December, Target Corporation now expects to report fourth quarter 2014 U.S. comparable sales of approximately 3 percent, better than prior guidance of approximately 2 percent, driven primarily by increased traffic and stronger-than-expected digital sales. The Company expects to report fourth quarter adjusted EPS, reflecting results from continuing operations, of $1.43 to $1.47, about 6 cents ahead of expectations for U.S. Segment performance at the beginning of the quarter.

The Company is not able to provide an estimate of its expected fourth quarter 2014 GAAP EPS. However, GAAP results are expected to include:

  • Losses related to liquidation of Target Canada, as described above, net of taxes
  • Net expenses related to the 2013 data breach, which are not expected to be material
  • Impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the Company’s credit card portfolio, which is expected to reduce GAAP EPS by approximately 2 cents

Cornell and John Mulligan, Target Corporation’s Chief Financial Officer, will host a call with investors today, approximately two hours after the conclusion of the Court hearing of the CCAA application. Target Corporation will issue a press release following the Court hearing and post details for the call on target.com/investors under “Upcoming Events and Presentations.”

Miscellaneous

Statements in this release regarding expected earnings and cash flow and other financial impacts of exiting the Company’s Canadian operations, and fourth quarter 2014 sales and adjusted earnings guidance are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements speak only as of the date they are made and are subject to risks and uncertainties which could cause the Company’s actual results to differ materially. The most important risks and uncertainties include those relating to the consequences of discontinuing Canadian operations and the risks described in Item 1A of the Company’s Form 10-K for the fiscal year ended February 1, 2014, as updated in the Company’s Form 10-Q for the quarter ended November 1, 2014.

The adjusted earnings per share expectation for fourth quarter 2014 excludes the items identified above.  The Company’s measure of adjusted earnings per share is not in accordance with, or an alternative for, generally accepted accounting principles in the United States.  The most comparable GAAP measure is diluted earnings per share.  Management believes adjusted EPS is useful in providing period-to-period comparisons of the results of the Company’s U.S. operations.  Adjusted EPS should not be considered in isolation or as a substitute for an analysis of the Company’s results as reported under GAAP.  Other companies may calculate adjusted EPS differently than the Company does, limiting the usefulness of the measure for comparisons with other companies.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,934 stores – 1,801 in the United States and 133 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

media contact

Dustee Jenkins
p: (612) 696-3400

John Hulbert, Investors
p: (612) 761-6627

media hotline

e: email
p: (612) 696-3400

We strive to return all media inquiries within one business day

Target Corporation and Google launch mobile game experience Bullseye’s Playground

MINNEAPOLIS, 2014-12-3 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today announced it is partnering with Google on the latest Art, Copy & Code project – an interactive, in-store mobile experience designed to delight Target guests of all ages this holiday season. Bullseye’s Playground is a mobile game experience that features Target’s bull terrier mascot Bullseye and other characters. In select Target stores, guests will have the opportunity to immerse themselves in Bullseye’s Playground using Google’s new Project Tango Development Tablet that will transform the store into a 3D winter playground.

“Target and Google are creating a new kind of holiday magic with Bullseye’s Playground,” said Alan Wizemann, vice president of product, Target.com and Mobile. “With this partnership, we’re using cutting-edge mobile technology to elevate the in-store holiday experience to provide Target guests a glimpse into the future of retail – where mobile brings together virtual experiences and physical stores.”

“Google’s Art, Copy & Code partnerships explore how creativity and technology can work hand in hand to build brands,” said Ben Malbon, Google’s Director of Creative Partnerships. “For each project, we partner with an iconic brand that pushes the boundaries of digital experiences. Consumers are embracing mobile devices as an essential tool and we wanted to work with Target to show how mobile offers a way to make the in-store experience both fun and memorable.”

Bullseye’s Playground Mobile Game Experience

Beginning Tuesday, Dec. 2, Target guests can use their mobile devices to access Bullseye’s Playground both in and out of stores. Guests can visit Target.com/Play on their mobile device to play six interactive games, including sledding, ice fishing, snowball fights and more. In-store signage will prompt guests to play and discover special codes throughout the store to unlock characters and new game levels. For every game played with Bullseye’s Playground, Target will donate $1 to St. Jude Children’s Research Hospital – up to $1 million.

Project Tango Development Tablet Experiences

In select Target stores, guests can be among the first to try out Google’s Project Tango Development Tablets to transform the store into a 3D winter playground. Guests will use the tablet screen to step into a winter wonderland that changes as they move around the store. Within the experience, guests will interact with characters like Bullseye and Zoomer Dino while they discover virtual activities like taking part in a snowball fight or playing a xylophone made out of icicles.

Project Tango Development Tablets will be available for guests at the following Target locations:

  • Dec. 4-7, 11 a.m. – 7 p.m.
    • Sunnyvale Target, 298 W. McKinley Ave. Sunnyvale, CA
    • Chicago Near North Target, 2656 N. Elston Ave. Chicago, IL
  • Dec. 11-14, 11 a.m. – 7 p.m.
    • Dallas Cityplace Market Target, 2417 N. Haskell Ave. Dallas, TX
    • Roseville Target, 1515 County Road B W Roseville, MN

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,934 stores – 1,801 in the United States and 133 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow@TargetNews on Twitter.

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Target Corporation and Google launch mobile game experience Bullseye’s Playground

Target Corporation and Google launch mobile game experience Bullseye’s Playground

Target Corporation kicked off the holiday season with strong early start to Black Friday weekend

Crowds Line Up at Stores Coast-to-Coast; Online Sales Break Records

MINNEAPOLIS, 2014-11-28 — /EPR Retail News/ — Target Corporation (NYSE: TGT) kicked off the holiday season with a strong early start to Black Friday weekend, as guests across the U.S. shopped early deals and turned out for the 6 p.m. store openings. In addition, the company’s free shipping offer on Target.com continues to drive record breaking online sales.

“Guests nationwide turned out online and in stores to take advantage of Target’s Black Friday deals,” said Brian Cornell, Target’s Chairman of the Board and CEO, who greeted holiday shoppers at a store in New York on Thanksgiving. “We have great deals on top gifts and a shopping experience that can’t be beat. I’m encouraged by the early results and am confident guests will love the deals they’ll find throughout the weekend and the holiday season.”

For the first time, Target offered a pre-sale of select Black Friday deals to all guests in stores and online on Wednesday, Nov. 26. By 9 a.m., online sales had already exceeded total sales from the same day last year. Top online items were the iPad Air 2, Beats by Dre Solo HD headphones and the Intex Pure Spa Inflatable Hot Tub. In stores, demand was high with the iPad Air 2, Beats by Dre Solo HD headphones and the iPad Mini as top sellers.

Target.com and Mobile

Online, Target doorbusters were available starting early in the morning on Thanksgiving. The number of orders and sales increased more than 40 percent over last year, making it the retailer’s biggest online sales day ever. The most growth in traffic and sales came from mobile. Top-selling items included the iPad Air 2 and iPad Mini, Nikon L330 camera, Beats by Dre Solo HD headphones, the Dyson DC50 Allergy vacuum and the Sony Playstation 4 Bundle.

Target Stores

Across the country, families began gathering hours before the 6 p.m. opening in lines of hundreds and sometimes thousands of people. To engage with guests, Target handed out more than half a million Christmas crackers, a symbol that is synonymous with the holidays in many parts of the world. Just as the Christmas cracker is featured in Target’s Black Friday advertising to reveal top deals, guests waiting in line received Christmas crackers filled with coupons and $575,000 in gift cards.

Throughout the evening, Target encouraged guests to share their selfies using the hashtag #salefie on Instagram and Twitter for a chance to win up to $10,000. The company saw an enthusiastic response with thousands of guests sharing their #salefies.

Top-selling items in store were in electronics and housewares, including:

  • Element 40” TV, Xbox One, iPads and Nikon L330 Camera. In the first hour of stores opening, Target sold 1,800 TVs per minute and 2,000 video games per minute.
  • Keurig K40 Brewer, Dyson DC50 Allergy vacuum and KitchenAid Classic Plus Stand Mixer.

Continued Black Friday Events

To commemorate the start of the holiday shopping season, Cornell will join other executives and store leaders to ring the opening bell at the New York Stock Exchange. The group will have two special guests: the young star of Target’s holiday TV commercials and Bullseye, Target’s bull terrier mascot.

Black Friday savings will continue through the weekend with several additional offers. For the first time, from 6 a.m. to noon on Friday, Nov. 28, guests can purchase up to $300 in Target GiftCards at 10 percent off in stores and at Target.com. Cartwheel, Target’s mobile savings app, will feature exclusive deals, with 30 offers at least 25 percent off through Saturday, Nov. 29.  Some of the top deals include 40 percent off CorningWare 6 Piece Bakeware Set, 30 percent off Fieldcrest bath towels and rugs, and up to 50 percent off popular grocery and seasonal items like Ghiradelli holiday gifts. Finally, Saturday-only deals will be available in Target stores and at Target.com, including 40 percent off Philips string lights and BOGO free all single-roll wrapping paper. As always, all REDCard holders will enjoy an additional 5 percent off purchases.

Cyber Week

More than 100,000 items will be on sale on Target.com from Sunday, Nov. 30 through Saturday, Dec. 6 for Cyber Week, including weeklong deals and hot daily offers. In addition, all Target.com orders will continue to ship for free through Saturday, Dec. 20. Top Cyber Week deals include:

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,934 stores – 1,801 in the United States and 133 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow@TargetNews on Twitter. For more information, visit Target.com/Pressroom.

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Target Corporation kicked off the holiday season with strong early start to Black Friday weekend

Target Corporation kicked off the holiday season with strong early start to Black Friday weekend

Target Corporation presents its third quarter 2014 Adjusted earnings

Adjusted EPS of $0.54; GAAP EPS of $0.55

  • Third quarter Adjusted EPS of $0.54 was above the expected range of $0.40 to $0.50.
  • Third quarter U.S. Segment comparable sales growth of 1.2 percent was better than the expected range of flat to 1 percent. Comparable sales reflect third quarter digital sales growth of more than 30 percent.
  • U.S. Segment transactions declined 0.4 percent, an improvement of more than 1 percentage point compared with the first half of the year.
  • Third quarter Canadian Segment sales increased 43.8 percent from third quarter last year, on comparable sales growth of 1.6 percent.
  • Target paid dividends of $330 million in third quarter 2014, an increase of 21.4 percent from $271 million last year

MINNEAPOLIS, 2014-11-19 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today reported third quarter 2014 Adjusted earnings per share1 of $0.54, a decrease of 2.9 percent from $0.56 per share in 2013. GAAP earnings per share were $0.55 in third quarter 2014, up 2.7 percent from $0.54 last year. The tables attached to this press release provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted earnings per share.

“We’re pleased with our third quarter financial results, which were driven by better-thanexpected performance in our U.S. Segment,” said Brian Cornell, chairman and chief executive officer of Target Corporation. “We’re encouraged by the improving trend we’ve seen in our U.S. business throughout the year, and our fourth quarter plans are designed to sustain this momentum. In Canada, we’ve made improvements to our operations, pricing and assortment in time for the holiday season, and we’re eager to measure how our guests respond. The entire company is energized as we approach the peak of the holiday shopping season, and we are looking forward to delivering an outstanding store and digital experience to our guests.”

Fiscal 2014 Earnings Guidance In fourth quarter 2014, the Company expects Adjusted EPS of $1.13 to $1.23, reflecting operating results in its U.S. and Canadian Segments. This measure excludes approximately (2) cents related to the expected reduction of the beneficial interest asset2 as well as any future data breach-related expenses, which are not expected to be material. Target expects full-year 2014 Adjusted EPS of $3.15 to $3.25. Full-year 2014 GAAP EPS is expected to be (45) cents below Adjusted EPS, reflecting: 

  • Pre-tax early debt retirement losses, recognized in interest expense, of $285 million, or (27) cents per share;
  • Year-to-date net pre-tax data breach expenses of $140 million, or (14) cents per share2;
  • Pre-tax impairment losses of $31 million, or (3) cents per share;
  • Pre-tax expense of $13 million, or (1) cent per share, related to Target’s decision to convert existing co-branded cards to MasterCard chip-enabled cards in 2015, and;
  • A (5)-cent per share impact related to the expected reduction of the beneficial interest asset2, partially offset by;
  • A benefit of 5 cents per share from the favorable resolution of various income tax matters.

GAAP EPS guidance does not include an estimate of future data breach-related expenses, which are not expected to be material in any individual period.

U.S. Segment Results In third quarter 2014, sales increased 1.9 percent to $17.3 billion from $16.9 billion last year, reflecting a 1.2 percent increase in comparable sales combined with sales from new stores. Segment earnings before interest expense and income taxes (EBIT) were $927 million in third quarter 2014, a decrease of 5.2 percent from $977 million in 2013.

Third quarter EBITDA and EBIT margin rates were 8.5 percent and 5.4 percent, respectively, compared with 8.7 percent and 5.8 percent in 2013. Third quarter gross margin rate declined to 29.5 percent from 30.0 percent in 2013, reflecting an increase in promotional activity this year. Third quarter SG&A expense rate decreased to 21.0 percent in 2014 compared with 21.2 percent in 2013, reflecting disciplined expense control across the organization.

Canadian Segment Results
Third quarter Canadian Segment sales increased 43.8 percent to $479 million from $333 million last year, reflecting sales from non-mature stores and a comparable-sales increase of 1.6 percent. Third quarter Canadian Segment comparable sales reflect results in 82 Canadian stores that became mature at various points this year, including 34 that became mature during the third quarter. Comparable sales were negatively impacted by market densification later in 2013, which redistributed sales from earlier store openings. Segment EBIT was $(211) million in the third quarter compared with $(238) million last year.

Third quarter 2014 gross margin rate was 19.5 percent, reflecting the continued impact of inventory clearance, compared with 14.8 percent in third quarter 2013 which also reflected the impact of efforts to clear excess inventory. Third quarter 2014 SG&A expense rate of 49.0 percent compares with 66.6 percent last year, reflecting increased scale in the Canadian Segment and pre-opening costs in last year’s results.

Interest Expense and Taxes
​ The Company’s third quarter 2014 net interest expense of $165 million was flat to last year. Third quarter 2014 effective income tax rate, which benefited from the favorable resolution of various tax matters, was 31.3 percent compared with 36.6 percent last year

Capital Returned to Shareholders 
The Company paid dividends of $330 million in third quarter 2014, an increase of 21.4% from $271 million last year. Target did not repurchase any shares of its common stock during the third quarter.

Accounting Considerations
​During fourth quarter 2013, Target experienced a data breach in which an intruder gained unauthorized access to its network and stole certain payment card and other guest information. In third quarter 2014, the Company incurred breach-related expenses of $12 million. Since the data breach in fourth quarter 2013, the Company has incurred total net breach-related expenses of $158 million, reflecting $248 million of gross expenses, partially offset by the recognition of a $90 million insurance receivable. These expenses include an accrual for estimated probable losses for what the Company believes to be the vast majority of actual and potential breachrelated claims, including claims by payment card networks. Given the varying stages of claims and related proceedings and the inherent uncertainty surrounding them, the Company’s estimates involve significant judgment and are based on currently available information, historical precedents and an assessment of the validity of certain claims. These estimates may change as new information becomes available and, although the Company does not believe it is probable, it is reasonably possible that the Company may incur a material loss in excess of the amount accrued. The Company is unable to estimate the amount of such reasonably possible excess loss exposure at this time. The accrual does not reflect future breach-related legal, consulting or administrative fees, which are expensed as incurred and not expected to be material in any individual period.

At the close of the sale of its entire U.S. consumer credit card receivables portfolio to TD Bank Group in first quarter 2013, Target recognized a $225 million beneficial interest asset, which effectively represented a receivable for the present value of future profit-sharing Target expected to receive on the receivables sold. The beneficial interest asset was reduced in third quarter 2014 by $11 million, compared with a $36 million reduction in third quarter 2013. Since the close of the transaction, the beneficial interest asset has been reduced by $138 million.

Miscellaneous
​Target Corporation will webcast its third quarter earnings conference call at 9:30 a.m. CST today. Investors and the media are invited to listen to the call through the Company’s website at www.target.com/investors (click on “events & presentations”). A telephone replay of the call will be available beginning at approximately 11:30 a.m. CST today through the end of business on November 21, 2014. The replay number is (855) 859-2056 (passcode: 39156552).

Statements in this release regarding fourth quarter and full-year 2014 earnings guidance and excess exposure related to the data breach are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements speak only as of the date they are made and are subject to risks and uncertainties which could cause the Company’s actual results to differ materially. The most important risks and uncertainties are described in Item 1A of the Company’s Form 10-K for the fiscal year ended February 1, 2014 and Item 1A of the Company’s Form 10-Q for the quarter ended August 2, 2014.

In addition to the GAAP results provided in this release, the Company provides Adjusted diluted earnings per share for the three- and nine-month periods ended November 1, 2014 and November 2, 2013, respectively. This measure is not in accordance with, or an alternative for, generally accepted accounting principles in the United States. The most comparable GAAP measure is diluted earnings per share. Management believes Adjusted EPS is useful in providing period-to-period comparisons of the results of the Company’s ongoing retail operations. Adjusted EPS should not be considered in isolation or as a substitution for analysis of the Company’s results as reported under GAAP. Other companies may calculate Adjusted EPS differently than the Company does, limiting the usefulness of the measure for comparisons with other companies.

About Target
​Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,934 stores – 1,801 in the United States and 133 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

media contact

Eric Hausman
Financial Media
p: (612) 761-2054

John Hulbert, Investors
p: (612) 761-6627

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Target Corporation announces new initiatives for the 2014 holiday season

MINNEAPOLIS, 2014-10-22— /EPR Retail News/ — Target Corporation (NYSE: TGT) today announced new initiatives for the holiday season centered on irresistible products, unbeatable value and guest-friendly services – including new and enhanced digital tools and free shipping on all Target.com orders now through Dec. 20.

“Target is poised to deliver an unparalleled holiday shopping season. We’ve been building capabilities that put us in a strong starting position, including the right digital tools and a broad assortment of unique, on-trend merchandise. Our value proposition will be unrivaled, with compelling promotions and an exceptional shopping experience online and in our stores,” said Brian Cornell, Chairman of the Board and CEO, Target. “It’s about delivering on our promise of ‘Expect More. Pay Less,’ and when we do that, Target is impossible to beat.”

Tools and Services

With conversion on Target’s digital channels up 40 percent this year, guests are turning to Target.com for more of their shopping. To make it even easier for guests, for the first time, Target will offer free shipping on all Target.com orders for the holidays, now through Dec. 20. Additionally, more than 65,000 items are now available for Store Pickup on Target.com and 80 percent of orders are fulfilled within one hour, making it a convenient option for busy shoppers through Christmas Eve.

Target will launch a Wish List app beginning Oct. 31— a modern and digital take on the classic tradition of creating holiday wish lists for parents and kids. Kids can add must-have items to their list, while parents can share the list with friends and family. Target’s Wish List app also offers an augmented reality feature that works with Target’s Kids’ Gifting catalog. Plus, guests can save 10 percent on their Wish List on one day of their choosing before Nov. 26. The app can be downloaded on Apple and Android mobile and tablet devices or printed on the registry kiosks in Target stores.

Additionally, mobile and tablet apps are re-launching in time for the holidays. With these enhancements, guests will find it even easier to locate and purchase what they’re looking for  using interactive store maps and shopping lists as well as streamlined checkout including, Apple pay in the iPhone app.

Unbeatable Value

Target has created more ways than ever for guests to get unbeatable value all season long, including weekly sales, weekend promotions and exclusive deals on Target.com and Cartwheel, Target’s industry-leading savings app. Cartwheel will offer daily deals for its more than 10 million users, and from Nov. 2 to Dec. 24, Cartwheel will offer 50 percent off a different toy every day. The app will have new features for the holidays, including special deals for top users, personalized recommendations and a select number of popular offers that do not expire.

For the third year, Target is extending the timeframe of its Price Match Policy for the holiday season beyond the typical seven day window. If a guest purchases a qualifying item at Target between Nov. 1 and Dec. 24 and then finds it for less at Target.com, a local competitor’s printed ad or at select online retailers, Target will match that price. For more details, including terms and conditions, visit Target.com/morereasons.

As always, REDcard holders get five percent off nearly all purchases, free shipping at Target.com, and an extra 30 days for returns. Since five percent REDcard Rewards rolled out in 2010, Target has saved guests more than $2 billion and will thank guests for their loyalty with perks throughout the holiday season.

Top Holiday Gifts

Target has it all for the holidays, from top national brands to exclusive giftable items that can only be found at Target, including:

  • Top electronics gifts for all ages, including Beats by Dre, Apple iPhone, Skylanders Trap Team and exclusive iPhone cases designed by Brooklyn-based graphic designer and letterer, Dana Tanamachi.
  • TOMS for Target, featuring more than 50 items including apparel and accessories, shoes and home goods all priced under $50. In addition to the five percent of its profit Target gives to communities every day, Target will donate blankets, meals or shoes to people in need for each TOMS item purchased. The collection will be available beginning Nov. 16 for a limited-time-only.
  • Annie for Target by Renée Ehrlich Kalfus, a limited-edition collection of girls’ apparel and accessories inspired by the remake of this family-favorite movie, all under $30 and available beginning Nov. 16.
  • A beautiful, limited-time-only collection of American-made scarves, throws and handbags from the 150-year-old Faribault Woolen Mills in Minnesota. Available beginning Nov. 2 exclusively through Target’s digital channels.
  • Fitness and travel accessories in unique and retro prints, designed by London-based artist, Orla Kiely, available exclusively at Target.
  •  Exclusive Threshold and Nate Berkus at Target home décor and entertaining items.
  • Cozy, stylish apparel and accessories for the whole family featuring key seasonal elements like cashmere blend, genuine leather and faux fur.
  • Top Toys, including exclusive Disney Frozen My Size Dolls, Wubble Bubble Ball and Zoomer Dino – Boomer and Target’s Boutique Brand toys from brands such as Wonderology, Hape and Mindware.
  • Exclusive beauty products at a great value, including luxe brushes and bags by Sonia Kashuk, new holiday gift sets from Pixi by Petra and an assortment of makeup palettes, fragrances and hair appliances.

Partnership with STORY

This holiday, Target will partner with innovative New York retailer STORY. STORY brings an editorial lens to retail and reinvents itself every four to eight weeks—from merchandise and store design, to floor plans and fixtures—bringing to light a new theme or trend. From Target’s design partnerships to its everyday collections, STORY will curate its favorite holiday treasures from Target, alongside its other must-have items for the season, beginning Nov. 5.

“Working with STORY will give holiday shoppers in Manhattan a new way to discover Target’s brand and products,” said Kathee Tesija, Chief Merchandising and Supply Chain Officer, Target. “This unique concept will also provide a testing ground for us to continue to understand how merchandising and product curation influences our guests.”

Holiday Marketing Campaign

Target’s marketing campaign will encourage people of all ages to let loose, give into the spirit and feel the unmistakable joy of the holiday season. The advertising, which will start to run on Nov. 2, will boldly embrace the iconic elements that make Target, Target—using the red, white and Bullseye that guests love. The campaign will include broadcast, radio, out-of-home and catalogs with an increase in digital media support by 50 percent. Target stores will be transformed with fun and whimsical in-store décor created in partnership with David Stark Design, one of the top event design agencies in the world.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,934 stores – 1,801 in the United States and 133 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

For more information, visit Target.com/Pressroom.

Click for Spanish version of this release.

media contact

Jenna Reck
Target Public Relations
p: (612) 761-5829

Luz Varela
Relaciones Públicas de Target
p: (214) 502-4780

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Target Corporation announces new initiatives for the 2014 holiday season

Target Corporation announces new initiatives for the 2014 holiday season

Target Corporation declares quarterly dividend of 52 cents per common share

MINNEAPOLIS, 2014-9-10 — /EPR Retail News/ — The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 52 cents per common share. The dividend is payable December 10, 2014 to shareholders of record at the close of business November 19, 2014. The 4th quarter dividend will be the company’s 189th consecutive dividend paid since October 1967 when the company became publicly held.

About Target 
​Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,925 stores – 1,795 in the United States and 130 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the- scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

media contact

Eric Hausman
Public Relations
p: (612) 761-2054

John Hulbert, Investors
p: (612) 761-6627

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