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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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August 4, 2015
08:43 EDTTGTCVS Health sees Omnicare deal closing prior to end of year
CVS Health (CVS) management said on their Q2 earnings call that they currently expect the Omnicare (OCR) deal to close prior to the end of this year, perhaps as early as the third quarter. However for financial modeling purposes, CVS is still assuming the transaction closes near the end of 2015, the company noted. CVS said the timing of the close of its agreement to acquire Target's (TGT) pharmacies and clinics is uncertain, as it could fall into 2015 or 2016.
August 3, 2015
16:34 EDTTGTJ.C. Penney announces new VPs of omnichannel, supply chain
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July 30, 2015
17:24 EDTTGTFoot Locker appoints Verma as Chief Information Officer
Foot Locker (FL) announced the appointment of Pawan Verma as SVP and Chief Information Officer, effective August 10. Verma succeeds Peter Brown, who retired in April. Verma joins Foot Locker from Target (TGT), most recently serving as VP, Digital and Marketing Technologies and Services Platforms.
July 24, 2015
06:37 EDTTGTWal-Mart increases offerings in baby category
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July 23, 2015
19:24 EDTTGTWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
July 22, 2015
08:38 EDTTGTNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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