Target Corp. - food industry company news 
US: Target Corp Q1 profits climb, ups FY guidance
16 May 2012
US retailer Target Corp. has raised its full-year earnings guidance after booking an increase in first-quarter profits, boosted by "better-than-expected" sales.
US: Target remodels stores to expand fresh offering
24 April 2012
US retailer Target Corp. is to remodel 90 stores in a bid to expand its fresh food offering.
US: Target names Jones chief marketing officer
3 April 2012
US retailer Target Corp. has named Jeffrey Jones as chief marketing officer and executive vice president.
US: Target to slow PFresh conversions, Q4 profits drop
24 February 2012
US retailer Target Corp. has said it will pull back on the conversion of its stores to its PFresh food format this year, as it booked a drop in fourth-quarter profits.
CANADA: Wal-Mart claims "record" year of expansion
7 February 2012
Wal-Mart Stores has outlined its expansion plans in Canada for the next 12 months.
US: Retailer Target promotes Mulligan to CFO
26 January 2012
US retailer Target Corp. has promoted John Mulligan to the position of CFO.
US: Lindt adds to Excellence range
21 November 2011
Lindt & Sprungli has expanded its premium Excellence range in the US with the addition of a cranberry bar.
US: Target hails strong Q3
16 November 2011
US retailer Target Corp. today (16 November) announced a third-quarter rise in sales and profits, helped by growth in comparable-store sales.
US: Target CFO Scovanner to quit
2 November 2011
Target Corp. has announced that CFO Doug Scovanner will retire from the US retailer.
US: Target chief marketing officer Francis departs
5 October 2011
US retailer Target Corp. has announced the departure of Michael Francis, executive vice president and chief marketing officer.
CANADA: Sobeys and Target enters into distribution deal
26 September 2011
Canadian grocery retailer Sobeys is to supply Target Corp. with food products to sell in the US discounter's stores north of the border.
CANADA: Wal-Mart buys store leases from Target
23 September 2011
Wal-Mart Stores has acquired the leases to 39 outlets in Canada from fellow US retailer Target Corp.
US: Target sales drive Q2 profits
17 August 2011
US retailer Target Corp. today (17 August) posted an increase in second-quarter net income due to an acceleration in the pace of same-store sales growth.
GERMANY: Tengelmann sees no future in A&P investment
14 July 2011
German retailer Tengelmann does not plan to be a shareholder in A&P when the US retailer emerges from Chapter 11 bankruptcy.
US: Wal-Mart Canada to assume leasehold of Zellers stores
27 June 2011
Target Corp. has signed an agreement to transfer the leasing rights for up to 39 Zellers stores in Canada to rival Wal-Mart Stores.
US: Target posts weaker than expected Q1 sales
18 May 2011
US retailer Target Corp. said today (18 May) that it posted weaker than expected sales in its retail segment during the first quarter.
The just-food management briefing - the globalisation of food retail - China, India and the US
21 March 2011
In part two of just-food's management briefing on the globalisation of food retail, Glynn Davis looks at three markets where the trend, in different ways, has taken hold - China, India and the US.
US: Ebro plans gluten-free push
11 March 2011
Spanish food group Ebro Foods is planning to expand its appeal in the gluten-free market, with the launch of a range of products in the US over the next two months.
US: Target reports "record" earnings
24 February 2011
Target Corp. has posted "record" 2010 earnings as the US retailer reported improving comparable-store sales and benefited from a store expansion programme.
US: Severe storms hit food operations
4 February 2011
A storm that has covered almost half of the US in a blanket of snow is starting to take its toll on food makers and retailers in the country.
US: Target outlines plans to open 21 stores
13 January 2011
US retailer Target Corp. will put more emphasis on food in the 21 general-merchandise stores it plans to open in 2011.
Talking shop: A&P's future is uncertain after bankruptcy
14 December 2010
A&P's descent into Chapter 11 protection has taken few in the US retail sector by surprise but what does the future hold for the historic grocer? And which competitors could benefit?
US: Ailing retailer A&P "set to file for bankruptcy"
10 December 2010
A&P, the troubled US retailer, is reportedly set to file for bankuptcy to restructure its debt.
Best bits: Carrefour reaches for the stars with Planet stores
20 September 2010
With its all-new Carrefour Planet hypermarket chain and with a target of 18% sales growth in five years, the French retail giant is clearly reaching for the stars. But will the French retail giant succeed?
US: Target Corp. to "aggressively" roll out PFresh concept
17 September 2010
US retailer Target Corp. has said it will roll out its 'fresh food' initiative to several hundred more stores next year.
Retail round-up: Wal-Mart's home challenge
25 May 2010
This time last year, our pages were filled with stories about how Wal-Mart was thriving as the US economy turned increasingly sour.
US: Retail sales boost Target Corp earnings
19 May 2010
US retailer Target Corp. saw its earnings increase in its fiscal first quarter, boosted by retail sales that came in above expectations.
Perrigo faces infant-formula brands after PBM buy
25 March 2010
The world of infant formula attracted the attention of M&A commentators this week with the proposed sale of own-label group PBM to healthcare giant Perrigo Co. The downturn has made private label more popular but, as Dean Best finds, infant formula is dominated by big brands - and their power is unlikely dented too much by the sale of PBM.
US: Sanfilippo & Son recalls snack mix, cashews
22 March 2010
John B Sanfilippo & Son has recalled various snack mix and cashew products over concerns that they may be contaminated with salmonella.
US: Target profit soars, eyes grocery expansion
23 February 2010
US retailer Target Corp. today (23 February) posted a jump in fourth-quarter profits, boosted by a stabilisation of its credit card business and better-than-expected holiday sales.
Related research
Target Corp in Retailing (World)
In contrast to rival Wal-Mart, which has shifted its focus towards hypermarkets, Target remains committed to the mass merchandiser format. However, to increase store traffic and improve competitiveness, the company is in the process of expanding its fresh food offer across its store base. Target is also taking an important step to reduce its reliance on its domestic market through the purchase in 2011 of up to 220 sites in Canada, currently operated by Zellers Inc.
Retailing in the US
Euromonitor International's Retailing in the United States report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; homeshopping; internet retailing; direct selling, as available.
Natural and Organic Foods and Beverages in the U.S., 3rd Edition
U.S. retail sales of natural and organic foods and beverages rose to nearly $39 billion in 2010, an increase of 9% over the previous year’s sales of $35 billion, far outpacing growth in conventional groceries, which crept ahead less than 2%. Despite the continued sluggish economic recovery, Packaged Facts projects sales to more than double by 2015, to exceed $78 billion. Growth will be jump-started in 2011, in great part due to snack king Frito-Lay’s switching half its snack portfolio to all-natural formulations. In addition, attracted by the higher growth rates of natural/organic foods and beverages and in response to consumer demand, other major consumer product companies are becoming more deeply committed to natural and organic products, either through acquisition or internal development. Such deep-pocketed marketers are in a good position to fast-track their products into retail stores and onto consumer tables via their massive product development capabilities, far-reaching distribution networks, and huge advertising and marketing budgets.
