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Articles about Target Corp

Target May Sell Chains to Shift Its Strategy

March 11, asics onitsuka tiger mexico 66 women's yellow 2004 From Bloomberg News

Target Corp., the No. discount retailer, said Wednesday that it may sell its Mervyn's and Marshall Field's department store chains to concentrate asics onitsuka tiger mexico 66 women's yellow on its faster growing discount stores. The company's shares rose as much as 6% in after hours trading. The announcement was made after the market closed. Minneapolis based Target hired Goldman Sachs Group Inc. to review options for the businesses, Target spokeswoman Cathy Wright said. Mervyn's, based in Hayward, Calif.

Target Shares Decline as Sales Growth Slows

August 15, 2003 From Bloomberg News

Shares of discounter Target Corp. had their biggest drop this year after quarterly profit rose less than anticipated and sales growth at existing stores slowed by half amid competition with Wal Mart Stores Inc. Net income rose 4.1% in asics shoes for men the second quarter to $358 million, or 39 cents a share, from $344 million, or 38 cents, a year earlier, the Minneapolis based company said. Analysts surveyed by Thomson First Call asics shoes for men on average expected profit of 40 cents. was sued by Asics Corp. on Friday to stop the retailer from selling shoes that Asics claims bear a stripe design similar to those made by the Japanese sporting goods manufacturer. District Court in Minneapolis, said Michael Zall, Asics' vice president and general counsel. said it would sell designer Isaac Mizrahi's line of women's sports clothing and accessories created exclusively for the company. Target Chief Executive Robert Ulrich is offering more designer items to differentiate the discount chain from larger rival Wal Mart Stores Inc., which has lower prices. Net income rose to $277 million, or 30 cents a share, from $185 million, or 20 cents, a year earlier. Revenue in the quarter ended Nov. 2 gained 9.2% to $10.2 billion. Target added 41 stores and kept inventory lean, leaving it with fewer leftovers to mark down. pulled clothing bearing "88" and "Eight Eight" from its shelves this week after complaints that the words and numbers are code for "Heil Hitler" among neo Nazis. The Minneapolis based discounter issued a statement apologizing "for any discomfort" that may have been caused by the baseball caps with the numerals "88" and shorts bearing images of skulls and the words "Eight Eight."Target's Profit Up 27% on Strong Sales