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PepsiCo, Target back campaign for 50/50 gender parity

25 Apr 2016

PepsiCo chairman and CEO Indra Nooyi and Brian Cornell, the chairman and CEO of retailer Target Corp., have announced they are to co-chair an initiative in the US aimed at achieving 50/50 gender parity. 

US: Target CIO quits following security breach

7 Mar 2014

The chief information officer of US retailer Target Corp., which suffered a security breach said to have affected 70m customers, has resigned.

US: Data breach hit traffic, Target confirms

28 Feb 2014

A costly data breach hit profits at US retail giant Target Corporation in the fourth quarter but also impacted consumer confidence and traffic.

Editor's choice: the highlights on just-food last week

10 Feb 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.

Comment: Wal-Mart fails to capitalise on Target weakness

3 Feb 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.

US: Target Corp axes 475 jobs globally

27 Jan 2014

US retailer Target Corp has become the latest retailer to cut jobs, with the announcement it is laying off around 475 employees globally.

US: Ex-Toys "R" Us boss named Supervalu chairman

14 Jan 2014

Former Toys "R" Us chief executive Jerry Storch has become chairman of US grocery retailer Supervalu Inc.

US: Target lowers Q4 guidance amid data breach

13 Jan 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.

US: Target trims FY outlook as earnings slide

21 Nov 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.

US: PepsiCo launches chocolate-covered crisp

4 Nov 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".

What the analysts say - Unilever and emerging markets slowdown

1 Oct 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.

US: Canadian costs hit Target profits

22 Aug 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.

US: Lindt launches Hello brand in US

25 Jun 2013

Lindt & Sprungli is rolling out its premium Hello chocolate collection in the US.

In the spotlight: Sobeys joy but questions for Safeway

14 Jun 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.

UPDATE: US: B&G eyes snacks growth through Pirate deal

10 Jun 2013

US food group B&G Foods plans to accelerate the growth rate of its snack business through its acquisition of Pirate Brands.

US: Kellogg's Bear Naked launches "on the go" granola

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.

US: Overhill: Bellisio sale "best path" for investors

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.

US: Frozen-food firm Bellisio to buy peer Overhill Farms

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.

US: Campbell adds to Prego pasta sauce line

15 May 2013

Campbell Soup Co. has expanded its range of Prego pasta sauces in the US with a new line.

CANADA: Target expands into western Canada

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.

US: Target FY profit up, forecasts higher earnings

27 Feb 2013

US retailer Target Corp. has booked an increase in full-year profit and forecast higher earnings for the current fiscal year.

US: Target Q3 profit, sales rise

16 Nov 2012

US retailer Target Corp. has booked a jump in third-quarter profits, which benefited from higher sales and one-off gains.

US: Target lifts outlook on Q2 strength

15 Aug 2012

US retailer Target Corp. lifted its full-year profit guidance today (15 August) on the back of strong second-quarter results.

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 Apr 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 Apr 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 Feb 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 Feb 2012

Wal-Mart Stores has outlined its expansion plans in Canada for the next 12 months.

US: Retailer Target promotes Mulligan to CFO

26 Jan 2012

US retailer Target Corp. has promoted John Mulligan to the position of CFO.

US: Lindt adds to Excellence range

21 Nov 2011

Lindt & Sprungli has expanded its premium Excellence range in the US with the addition of a cranberry bar.




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