Content about Gregg Steinhafel

March 5, 2014

Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach.

New York -- Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach. The resignation came as Target said it is overhauling its information security practices.

March 5, 2014

Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach.

New York -- Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach. The resignation came as Target said it is overhauling its information security practices.

January 14, 2014

Two U.S. senators have written to Target CEO Gregg Steinhafel seeking "detailed information'' on the data breach that occurred during the holiday shopping season, Reuters reported.

Washington, D.C. -- Two U.S. senators have written to Target CEO Gregg Steinhafel seeking "detailed information'' on the data breach that occurred during the holiday shopping season, Reuters reported.

"We ask that Target's information-security officials provide a briefing to committee staff regarding your company's investigation and latest findings,'' John Rockefeller, chairman of the Senate Commerce Committee, and Claire McCaskill, chair of the Commerce subcommittee on consumer protection, wrote to Steinhafel.

January 14, 2014

Two U.S. senators have written to Target CEO Gregg Steinhafel seeking "detailed information'' on the data breach that occurred during the holiday shopping season, Reuters reported.

Washington, D.C. -- Two U.S. senators have written to Target CEO Gregg Steinhafel seeking "detailed information'' on the data breach that occurred during the holiday shopping season, Reuters reported.

"We ask that Target's information-security officials provide a briefing to committee staff regarding your company's investigation and latest findings,'' John Rockefeller, chairman of the Senate Commerce Committee, and Claire McCaskill, chair of the Commerce subcommittee on consumer protection, wrote to Steinhafel.

August 22, 2013

Target Corp. executives discussed the chain’s omni-channel initiatives on the company’s second quarter conference call with investors.

New York -- Target Corp. executives discussed the chain’s omni-channel initiatives on the company’s second quarter conference call with investors. Target’s executive VP merchandising and supply chain, Kathryn Tesija highlighted the company's investments in flexible fulfillment, including plans to expand a program allowing customers to buy items online and pick them up at the store the same day, starting in the third quarter.

February 27, 2013

Target Corp. reported a profit of $961 million for the fourth quarter, down from $981 million in the year-ago period.

Minneapolis -- Target Corp. reported Wednesday a profit of $961 million for the fourth quarter, down from $981 million in the year-ago period. The profit slip reflected expenses related to its Canadian market entry along with a spending slowdown during the holiday period. It was Target's weakest holiday season performance since 2008. But its adjusted results beat analysts' estimates and it forecast first-quarter earnings above Wall Street's view.

February 27, 2013

Target Corp. reported a profit of $961 million for the fourth quarter, down from $981 million in the year-ago period.

Minneapolis -- Target Corp. reported Wednesday a profit of $961 million for the fourth quarter, down from $981 million in the year-ago period. The profit slip reflected expenses related to its Canadian market entry along with a spending slowdown during the holiday period. It was Target's weakest holiday season performance since 2008. But its adjusted results beat analysts' estimates and it forecast first-quarter earnings above Wall Street's view.

February 7, 2013

There were few missteps among the discounters in January, as most posted strong results, many surpassing Wall Street expectations.

New York -- There were few missteps among the discounters in January, as most posted strong results, many surpassing Wall Street expectations.

Target reported a same-store sales rise of 3.1%, topping Wall Street expectations. Total sales surged 29.6% to $5.97 billion in January.

November 29, 2012

Discounters, which are expected to fare well this holiday season, showed mixed results in November.

New York -- Discounters, which are expected to fare well this holiday season, showed mixed results in November. TJX Cos. reported Thursday that November same-store sales climbed 3%, missing Wall Street’s expected 3.6% rise but beating the retailer’s internal expectations.

Target Corp. saw same-store sales fall in November, hurt by weak sales during the first two weeks. Comps dipped 1%, while Wall Street expected a 2.1% gain. Revenue for the month was essentially flat.

November 29, 2012

Discounters, which are expected to fare well this holiday season, showed mixed results in November.

New York -- Discounters, which are expected to fare well this holiday season, showed mixed results in November. TJX Cos. reported Thursday that November same-store sales climbed 3%, missing Wall Street’s expected 3.6% rise but beating the retailer’s internal expectations.

Target Corp. saw same-store sales fall in November, hurt by weak sales during the first two weeks. Comps dipped 1%, while Wall Street expected a 2.1% gain. Revenue for the month was essentially flat.

November 1, 2012

The TJX Cos. turned in the strongest performance among the discounters in October, reporting a 7% comp sales increase.

New York -- The TJX Cos. turned in the strongest performance among the discounters in October, reporting a 7% comp sales increase on Thursday.

According to TJX CEO Carol Meyrowitz, the above-plan performance has prompted the retailer to raise its outlook for the third quarter and full year. “We believe the momentum we are seeing in all of our businesses … bode well for the holiday selling season,” she said.

TJX sales for the period advanced 11% to $2.1 billion.

August 30, 2012

Discounters reported strong-than-expected sales for August, fueled by back-to-school shopping, promotions and cooler weather in the Northeast.

New York -- Discounters reported strong-than-expected sales for August, fueled by back-to-school shopping, promotions and cooler weather in the Northeast.

Costco Wholesale Corp.'s same-store sales in August rose 6%, beating the 4.5% rise analysts had projected.

Target Corp. reported a 4.2% increase in same-store sales, better than the 3.1% increase that analysts had expected.

August 30, 2012

Discounters reported strong-than-expected sales for August, fueled by back-to-school shopping, promotions and cooler weather in the Northeast.

New York -- Discounters reported strong-than-expected sales for August, fueled by back-to-school shopping, promotions and cooler weather in the Northeast.

Costco Wholesale Corp.'s same-store sales in August rose 6%, beating the 4.5% rise analysts had projected.

Target Corp. reported a 4.2% increase in same-store sales, better than the 3.1% increase that analysts had expected.

June 13, 2012

Canned peaches, criminal records and political contributions were among the shareholder concerns expressed at Target’s annual meeting on Wednesday afternoon.

New York -- Canned peaches, criminal records and political contributions were among the shareholder concerns expressed at Target’s annual meeting on Wednesday afternoon.

June 13, 2012

Canned peaches, criminal records and political contributions were among the shareholder concerns expressed at Target’s annual meeting on Wednesday afternoon.

New York -- Canned peaches, criminal records and political contributions were among the shareholder concerns expressed at Target’s annual meeting on Wednesday afternoon.

January 23, 2012

The Retail Industry Leaders Association (RILA) announced the election of Gregg Steinhafel, chairman, president CEO of Target Corp., as chairman of its board of directors.

Naples, Fla. -- The Retail Industry Leaders Association (RILA) announced the election of Gregg Steinhafel, chairman, president CEO of Target Corp., as chairman of its board of directors.

“I am grateful for the opportunity to serve as chairman of this exceptional group of industry leaders,” said Steinhafel. “Along with the rest of the Board of Directors, I value RILA and its efforts to champion issues that affect our industry, our workforce and our customers.”

January 23, 2012

The Retail Industry Leaders Association (RILA) announced the election of Gregg Steinhafel, chairman, president CEO of Target Corp., as chairman of its board of directors.

Naples, Fla. -- The Retail Industry Leaders Association (RILA) announced the election of Gregg Steinhafel, chairman, president CEO of Target Corp., as chairman of its board of directors.

“I am grateful for the opportunity to serve as chairman of this exceptional group of industry leaders,” said Steinhafel. “Along with the rest of the Board of Directors, I value RILA and its efforts to champion issues that affect our industry, our workforce and our customers.”

November 16, 2011

Target Corp.’s profit increased a better-than-expected 3.7% in the third quarter to $555 million, up from $535 a year earlier.

Minneapolis -- Target Corp.’s profit increased a better-than-expected 3.7% in the third quarter to $555 million, up from $535 a year earlier. The retailer’s performance was helped by solid spending and improvement in its credit card business.

Revenue rose 5.4% to $16.05 billion. Same-store sales were up 4.3% in the quarter.

November 3, 2011

Costco Wholesale Corp. reported a 9% increase in same-store sales in October, helped by strong performances in the United States and abroad, just short of the 9.2% increase predicted by analysts.

New York City -- Costco Wholesale Corp. reported a 9% increase in same-store sales in October, helped by strong performances in the United States and abroad, just short of the 9.2% increase predicted by analysts.

Costco’s same-store U.S. sales rose 9% and were up 8% overseas. Taking out inflation in gas prices and a slightly negative impact from foreign currencies, the metric increased 6% in the United State and 9% internationally.

October 3, 2011

Longtime Target Corp. veteran and chief marketing officer Michael R. Francis on Monday resigned from the discounter and was named president of J.C. Penney Co., effective Oct. 4.

New York City -- Longtime Target Corp. veteran and chief marketing officer Michael R. Francis on Monday resigned from the discounter and was named president of J.C. Penney Co., effective Oct. 4.

June 9, 2011

Target ended its last fiscal year with sales of $67.4 billion and earnings per share of $4, but if company chairman, president and CEO Gregg Steinhafel has his way, within six or seven years earnings per share will double to $8 and sales will top $100 billion.

Target ended its last fiscal year with sales of $67.4 billion and earnings per share of $4, but if company chairman, president and CEO Gregg Steinhafel has his way, within six or seven years earnings per share will double to $8 and sales will top $100 billion.

June 9, 2011

Target ended its last fiscal year with sales of $67.4 billion and earnings per share of $4, but if company chairman, president and CEO Gregg Steinhafel has his way, within six or seven years earnings per share will double to $8 and sales will top $100 billion.

Target ended its last fiscal year with sales of $67.4 billion and earnings per share of $4, but if company chairman, president and CEO Gregg Steinhafel has his way, within six or seven years earnings per share will double to $8 and sales will top $100 billion.

May 18, 2011

Target Corp. on Wednesday reported that its net income in the first quarter rise 2.7% to $689 million, up from $671 million in the year-ago period. Its results, which beat Street expectations, were boosted by its credit-card business as sales came in weaker than expected.

Minneapolis -- Target Corp. on Wednesday reported that its net income in the first quarter rise 2.7% to $689 million, up from $671 million in the year-ago period. Its results, which beat Street expectations, were boosted by its credit-card business as sales came in weaker than expected.

Total revenue in the quarter, ended April 30, rose 2.2% to $15.9 billion.

Same-store sales rose 2%. Analysts expected revenue of $16.02 billion.

February 3, 2011

Costco Wholesale Corp. reported a January same-store sales increase of 9%, topping Wall Street expectations and leading the performances of the discount retail category.

New York City -- Costco Wholesale Corp. reported a January same-store sales increase of 9%, topping Wall Street expectations and leading the performances of the discount retail category.

Analysts polled by Thomson Reuters expected a smaller same-store sales increase of 6.1%.

Target Corp. didn’t show the same strength, missing expectations because of strong winter storms during the month. Same-store sales edged up 1.7% for the month, missing the 1.9% increase predicted by Wall Street.

January 11, 2011

Two leaders of Target have been appointed to the retailer's executive committee.

Minneapolis -- Two leaders of Target have been appointed to the retailer's executive committee.

Tina Schiel, senior VP enterprise strategy and new business development, was promoted to executive VP stores and will join the executive committee, while Laysha Ward, who will retain her position as Target's community relations president and Target Foundation president, also will join the executive committee.