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Stock Market & Financial Investment News

News Breaks
February 26, 2014
10:46 EDTTGTTarget says sales have started to recover from trends observed following breach
Says will continue to see continued improvement across all Canadian stores in FY14. Says "truly sorry" for impact breach has had on guests and says it is committed to making things right. Says committed to an end to end review in cooperation with third-party experts to understand how the breach occurred. Says conducting end to end forensic investigation to make informed decisions on potential security enhancements, accelerating the adoption of advanced chip enabled technology and investing more than $100M to equip stores stores and to issue Target branded smart chip credit and debit card. Says investing $5M in a new coalition with the BBB, National Cyber Security Alliance, National Cyber Forensics and Training Alliance. The company said sales have started to recover from the trends observed following breach related announcements in December and January. The company expects to absorb near term financial impacts. Plans to open Target Express in home market in July. Expects the benefit of expense optimization efforts to reach $1B in annualized savings by FY15. Comments made during the company's Q4 earnings conference call.
News For TGT From The Last 14 Days
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October 23, 2014
06:10 EDTTGTTarget's Canadian unit experimenting with overstocking, Globe and Mail reports
As part of its turnaround effort, Target Canada is experimenting with overstocking items at its premier locations and retraining employees to create a service culture, the Globe and Mail reports. Reference Link
October 22, 2014
12:42 EDTTGTTarget free shipping impact already in guidance, says Wells Fargo
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09:50 EDTTGTCredit Suisse to hold a field trip
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05:50 EDTTGTTarget announces partnership with STORY
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05:49 EDTTGTTarget announces plans for holiday shopping season
Target announced new initiatives for the holiday season centered on products, value and guest-friendly services; including new and enhanced digital tools and free shipping on all Target.com orders now through Dec. 20. With conversion on Targetís digital channels up 40% 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% 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. Cartwheel will offer daily deals for its more than 10M users, and from Nov. 2-Dec. 24, Cartwheel will offer 50% 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.
October 21, 2014
06:22 EDTTGTStaples may be latest retailer to be hacked, Krebs reports
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October 13, 2014
07:15 EDTTGTNational Association of Corporate Directors to hold a conference
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