QUOTE AND NEWS
Market Intelligence Center  Jan 26  Comment 
Target Corp (TGT) traded between $74.65 and $75.93 before closing at $75.29 Friday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s algorithms have picked a Mar. '15 $77.50 covered call for a net debit of...
TheStreet.com  Jan 20  Comment 
NEW YORK (TheStreet) -- BMO Capital Markets raised its price target for Target to $82 from $75 on Tuesday, reiterating its "outperform" rating. The analyst firm raised its 2014 and 2015 EPS estimates for the retailer to $3.46 and $4.67 a...
Canada.com  Jan 19  Comment 
"All of these competitive pressures should drop a notch once the liquidation of Target stores is complete"
Reuters  Jan 16  Comment 
Target Corp was scrambling for ways to fix its failing Canadian expansion and considering closing just the weakest locations, but a pre-holiday visit to several stores by CEO Brian Cornell helped seal the decision for a full retreat.
TheStreet.com  Jan 16  Comment 
NEW YORK (TheStreet) -- Shares of Target Corp.  were lower in early morning trading, down 2.04% to $74.13 today, despite higher estimates by Credit Suisse following Target's shift in focus to its U.S. business. Target announced yesterday...
Dividend Growth Investor  Jan 16  Comment 
Target Corporation (TGT) operates general merchandise stores in the United States and Canada. Target is a dividend champion, which has paid dividends since and raised them every year for 47 years in a row. The most recent dividend increase was in...
Jutia Group  Jan 15  Comment 
[Reuters] - Target Corp will abandon its ill-fated expansion into Canada less than two years after its launch, the U.S. discount retailer said on Thursday in a surprise full retreat that will put more than 17,000 employees out of work and cost the...
Yahoo  Jan 15  Comment 
Target Corp (TGT.N) will exit the Canadian market after less than two years in a surprise retreat that will throw more than 17,000 employees out of work and trigger a $5.4 billion quarterly loss.
Canada.com  Jan 15  Comment 
If Target Corp. decides to exit Canada, there as more options than simply packing up and walking away
TheStreet.com  Jan 15  Comment 
NEW YORK (TheStreet) -- Shares of Target are jumping, up 3.32% to $76.80 in early market trading on Thursday, after the company announced plans to discontinue Canadian operations through its indirect wholly-owned subsidiary, Target Canada....




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Target Corporation (NYSE: TGT) is one of the top ten largest retailers in the U.S. by sales. Target generated revenue through sales of apparel, electronics, housewares and other product categories through both online operations and the Target stores in the U.S.[1] Target has carved out a niche for itself as a "cheap chic" retailer.

In January 2011, Target took its first step in expanding outside of the US with the purchase of 220 Zellers stores in Canada. Target plans to convert 100 to 150 of these stores by 2013 or 2014, with revenues similar to those of its US counterparts.[2] Target also started REDcard promotions with its credit card program, which could increase its revenues. However, rising commodity prices may offset these gains.

Company Overview

News

  • Target is planning to expand operations into Canada by 2013. Target has acquired the rights to 220 Zellers store Leases from the Hudson's Bay Co. and has already announced plans for 105 of these leases. [3]

References

  1. Target Q4 and 2009 Earnings Data
  2. http://seekingalpha.com/article/246791-target-s-expansion-into-canada-is-on-solid-ground
  3. http://news.morningstar.com/all/ViewNews.aspx?article=/DJ/201107111404DOWJONESDJONLINE000267_univ.xml

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