Target Corp. Archives - Just Food
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Target Corp.

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

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

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

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. "As an organisation, Target continually assesses our…

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…