7 March 2014
The chief information officer of US retailer Target Corp., which suffered a security breach said to have affected 70m customers, has resigned.
28 February 2014
A costly data breach hit profits at US retail giant Target Corporation in the fourth quarter but also impacted consumer confidence and traffic.
10 February 2014
Wal-Mart, the world's largest retailer, caused a stir when it lowered its full-year forecasts this week due to pressure on US sales. Retail sales in the country have entered an upward trajectory and close competitor Target Corp has been hit by a data breach scandal - but Wal-Mart has apparently failed to capitalise. Likewise, Kellogg missed market expectations when it reported fourth-quarter numbers due to an accelerating decline in North American revenues. Here are the highlights from just-food this week.
3 February 2014
News Wal-Mart has lowered its full-year earnings forecast reflects more than the drag of store closures as it adjusts its international portfolio. The US retail giant is struggling to grow its top-line at home and lower fourth-quarter comparable domestic sales suggest it failed to capitalise on the data breach scandal that hit key competitor Target Corp., Katy Askew suggests.
27 January 2014
US retailer Target Corp has become the latest retailer to cut jobs, with the announcement it is laying off around 475 employees globally.
14 January 2014
Former Toys "R" Us chief executive Jerry Storch has become chairman of US grocery retailer Supervalu Inc.
13 January 2014
Target Corp has warned of larger losses than expected in its fourth-quarter as it revealed a data breach in December may now have affected 70m customers.
21 November 2013
US retailer Target has trimmed its full-year earnings forecast after revealing a drop in third-quarter profits and slower-than-expected sales growth.
4 November 2013
PepsiCo has launched a chocolate-covered crisp in the US - a product it claims will give consumers "an enjoyable sweet and savoury snacking experience".
1 October 2013
Shares in Unilever fell this morning (1 October) in reaction to the consumer goods giant issuing a sales warning for the third quarter - on the back of a slowdown in emerging markets. City analysts said it was a blow for Unilever. However, some were more concerned about the company's performance in developed markets - and insisted emerging markets, in the long term, still present potential for FMCG companies.
22 August 2013
US retailer Target Corp. has booked lower half-year profits on the back the cost of entering Canada, while competition in that market has also affected margins.
25 June 2013
Lindt & Sprungli is rolling out its premium Hello chocolate collection in the US.
14 June 2013
Canada's second-largest grocer Sobeys has swooped to buy the local business of US supermarket giant Safeway. Sobeys has paid a full price for Safeway's Canadian arm but, writes Dean Best, the market was broadly positive and agreed with the company's optimism. For Safeway, however, the sale does leave some questions.
10 June 2013
US food group B&G Foods plans to accelerate the growth rate of its snack business through its acquisition of Pirate Brands.
28 May 2013
Bear Naked, a US cereal brand owned by Kellogg, has launched granola lines sold in pouches for consumers to eat on the go.
16 May 2013
The CEO of US frozen-food firm Overhill Farms has said the sale of the business to peer Bellisio Foods is the best way to maximise value for shareholders.
15 May 2013
US frozen-food Bellisio Foods has struck a deal to buy Overhill Farms to boost its stable of branded and own-label items.
15 May 2013
Campbell Soup Co. has expanded its range of Prego pasta sauces in the US with a new line.
7 May 2013
US retailer Target Corp. is expanding its presence in Canada with the opening of 22 stores in the west of the country.
27 February 2013
US retailer Target Corp. has booked an increase in full-year profit and forecast higher earnings for the current fiscal year.
16 November 2012
US retailer Target Corp. has booked a jump in third-quarter profits, which benefited from higher sales and one-off gains.
15 August 2012
US retailer Target Corp. lifted its full-year profit guidance today (15 August) on the back of strong second-quarter results.
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.
24 April 2012
US retailer Target Corp. is to remodel 90 stores in a bid to expand its fresh food offering.
3 April 2012
US retailer Target Corp. has named Jeffrey Jones as chief marketing officer and executive vice president.
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.
7 February 2012
Wal-Mart Stores has outlined its expansion plans in Canada for the next 12 months.
26 January 2012
US retailer Target Corp. has promoted John Mulligan to the position of CFO.
21 November 2011
Lindt & Sprungli has expanded its premium Excellence range in the US with the addition of a cranberry bar.
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.