US: Target CIO quits following security breach
The chief information officer of US retailer Target Corp., which suffered a security breach said to have affected 70m customers, has resigned.
Target Corp.
US: Data breach hit traffic, Target confirms
A costly data breach hit profits at US retail giant Target Corporation in the fourth quarter but also impacted consumer confidence and traffic.
Comment: Wal-Mart fails to capitalise on Target weakness
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
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
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
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. In a trading update,…
US: Target trims FY outlook as earnings slide
US retailer Target Corp. has trimmed its full-year earnings forecast after revealing a drop in third-quarter profits and slower-than-expected sales growth. In the three months ended 2 November, earnings dropped…
US: PepsiCo launches chocolate-covered crisp
PepsiCo has launched a chocolate-covered crisp in the US - a product it claims will give consumers "an enjoyable sweet and savoury snacking experience". The company is to sell Lay's…
What the analysts say – Unilever and emerging markets slowdown
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…
US: Canadian costs hit Target profits
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. Target also said it…
US: Lindt launches Hello brand in US
Lindt & Sprungli is rolling out its premium Hello chocolate collection in the US. The line will be available exclusively at Target Corp. stores, with select products also available at…
