QUOTE AND NEWS
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....
Jutia Group  Jan 12  Comment 
[at bizjournals.com] - Health care startup Gravie will offer health insurance advice to shoppers at three Twin Cities Target stores as part of a pilot partnership with the retail giant. Gravie employees at the locations will ... Read more on this....
Forbes  Jan 8  Comment 
Investors in Target Corp (NYSE: TGT) saw new options begin trading today, for the February 27th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TGT options chain for the new February 27th contracts and...
Jutia Group  Jan 7  Comment 
[PR Newswire] - CHICAGO, Jan. 7, 2015 /PRNewswire/ -- Bump Club and Beyond, the nation's largest social event network for new moms, is partnering with Target to present a national series of events designed to help expectant ... Read more on this. ...




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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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