Content about Target Corp.

July 23, 2014

Target Corp. on Sunday, July 27, will unveil its small-store format, TargetExpress, in Minneapolis.

New York -- Target Corp. on Sunday, July 27, will unveil its small-store format, TargetExpress, in Minneapolis.

The 20,000-sq.-ft. store is located on the street level on an apartment building near the University of Minnesota campus and is also close to the retailer’s headquarters.  

July 21, 2014

Target Corp. is launching a new image-recognition mobile app, called In a Snap, aimed at back-to-college shoppers.

Minneapolis – Target Corp. is launching a new image-recognition mobile app, called In a Snap, aimed at back-to-college shoppers. The free iPhone app, which enables students and families to quickly scan, select and purchase items with just a few clicks, is featured in ads for Target’s college-oriented Room Essentials brand in issues of Real Simple, Architectural Digest, Domino and more.

July 7, 2014

Target Corp. on Monday announced three executive hires who will have responsibilities for leading teams across its information technology, e-commerce and digital product teams.

Seattle -- Target Corp. on Monday announced three executive hires who will have responsibilities for leading teams across its information technology, e-commerce and digital product teams.

Jim Fisher was named senior VP, infrastructure and operations, Target Technology Services, where he will oversee Target’s technical infrastructure and operations. Immediately before Target, Fisher was senior VP of global infrastructure operations at First Data Corporation.

July 2, 2014

The Securities and Exchange Commission (SEC) is reportedly investigating whether Target Corp. adequately protected its data and informed shareholders about the possible consequences relating to its fall 2013 data breach, according to Bloomberg.

Minneapolis – The Securities and Exchange Commission (SEC) is reportedly investigating whether Target Corp. adequately protected its data and informed shareholders about the possible consequences relating to its fall 2013 data breach, according to Bloomberg. The report said that Target is one of several public companies that suffered a data breach which is being investigated by the SEC.

July 2, 2014

Target Corp. on Wednesday requested that customers no longer carry guns in its stores.

New York -- Target Corp. on Wednesday requested that customers no longer carry guns in its stores.

The retailer found itself embroiled in controversy when gun-rights activists in Texas and several other states chose Target stores to demonstrate their belief in the right to openly bear arms. In response, the chain came under heavy fire from groups such as "Moms Demand Action for Gun Sense" and others who expressed concern about firearms being carried into an environment where the shoppers are often accompanied by children.

June 24, 2014

Target Corp. reportedly experienced difficulties in areas including product mix and corporate creativity under ousted CEO Gregg Steinhafel.

Minneapolis – Target Corp. reportedly experienced difficulties in areas including product mix and corporate creativity under ousted CEO Gregg Steinhafel. According to the Wall Street Journal, these difficulties preceded any problems relating to Target’s fall 2013 data breach or expansion into Canada and helped lead to Steinhafel’s essentially forced resignation.

June 12, 2014

Target Corp. is introducing a new policy by imposing new rules on the cleaning companies it hires to clean its stores in the Minneapolis-St. Paul area, Businessweek reported.

New York — Target Corp. is introducing a new policy by imposing new rules on the cleaning companies it hires to clean its stores in the Minneapolis-St. Paul area, Businessweek reported.

June 11, 2014

Target Corp. announced at its annual meeting on Wednesday that the company’s shareholders re-elected its entire 10-member board of directors. Shareholders also approved the company’s executive compensation plan.

New York — Target Corp. announced at its annual meeting on Wednesday that the company’s shareholders re-elected its entire 10-member board of directors. Shareholders also approved the company’s executive compensation plan.

In May, proxy firm Institutional Shareholder Services recommended the removal of seven board members, accusing them of failing to protect Target from its massive data breach.

June 10, 2014

Target Corp. has named Brad Maiorino as senior VP, chief information security officer, a new position added as the chain overhauls its security department in the wake of its data breach. Maiorino comes to Target from General Motors, where he was the company’s chief information security and information technology risk officer. Prior to that, he was the chief information security officer at General Electric.

Minneapolis — Target Corp. has named Brad Maiorino as senior VP, chief information security officer, a new position added as the chain overhauls its security department in the wake of its data breach.  Maiorino comes to Target from General Motors,  where he was the company’s chief information security and information technology risk officer.  Prior to that, he was the chief information security officer at General Electric.

May 28, 2014

Target Corp. has formed a Digital Advisory Council as part of its efforts to accelerate its digital transformation.

Minneapolis -- Target Corp. has formed a Digital Advisory Council as part of its efforts to accelerate its digital transformation. Target said the council will help guide the retailer’s omnichannel strategies and push it to innovate faster, and discover new ways to leverage technology to enhance the shopper experience – both online and in stores.

May 23, 2014

Target Corp. has hired Kristi Argyilan as senior VP, media and guest engagement, effective June 2.

Minneapolis -- In a move to further boost its marketing organization, Target Corp. has hired Kristi Argyilan as senior VP, media and guest engagement, effective June 2.

Argyilan comes to the Target from IPG Mediabrands where she was most recently the president at Magna Global, North America. She has also held senior positions with advertising and integrated marketing agencies including Arnold, Hill Holiday, and Goodby, Silverstein & Partners.

May 21, 2014

Target Corp. posted a 16% drop in first quarter earnings as costs related to its data breach and the company's troubled Canadian operations continue to take a toll on its overall performance.

Minneapolis -- Target Corp. posted a 16% drop in first quarter earnings as costs related to its data breach and the company's troubled Canadian operations continue to take a toll on its overall performance. The retailer also cut its annual profit forecast and released a second quarter projection below Street expectations. On a positive note, Target's same-store sales metric improved from the last quarter.

May 20, 2014

In a management shakeup, Target Corp. has replaced Tony Fisher, president of its troubled Canadian operations, with 15-year company veteran Mark Schindele, effective immediately.

Minneapolis – In a management shakeup, Target Corp. has replaced Tony Fisher, president of its troubled Canadian operations, with 15-year company veteran Mark Schindele, effective immediately. 
 

May 19, 2014

Target Corp. cut the compensation of former CEO Gregg Steinhafel to $13 million in fiscal 2013 from $20.6 million in fiscal 2012.

Minneapolis – Target Corp. cut the compensation of former CEO Gregg Steinhafel to $13 million in fiscal 2013 from $20.6 million in fiscal 2012. According to a regulatory filing, Target decided to reduce Steinhafel’s total compensation after holding meetings and calls with shareholders owning 40% of total company shares and two proxy advisory firms.

May 5, 2014

Target Corp. announced on Monday that CEO and president Gregg Steinhafel, a 35-year-company-veteran, had resigned, effective immediately.

Minneapolis -- Target Corp. announced on Monday that CEO and president Gregg Steinhafel, a 35-year-company-veteran, had resigned, effective immediately. The news comes nearly five months after the retailer disclosed a massive data breach that damaged its reputation among customers and has derailed its business.
 

April 29, 2014

Target Corp. named veteran IT executive Bob DeRodes as chief information officer. The retailer also announced that it plans to incorporate MasterCard chip-and-PIN technology across its Target-branded REDcard portfolio by early 2015

Minneapolis -- Target Corp. named veteran IT executive Bob DeRodes as chief information officer. The retailer also announced that it plans to incorporate MasterCard chip-and-PIN technology across its Target-branded REDcard portfolio by early 2015, and is converting existing payment terminals at its stores this year ahead of schedule.

April 9, 2014

Target Corp. is introducing “Made to Matter – Handpicked by Target.”

Minneapolis -- Target Corp. is introducing “Made to Matter – Handpicked by Target.” The collection brings together 17 natural, organic and sustainable brands to introduce new products.

April 4, 2014

All lawsuits relating to the 2013 data breach at Target Corp. will be consolidated before a single court in Minnesota.

Minneapolis – All lawsuits relating to the 2013 data breach at Target Corp. will be consolidated before a single court in Minnesota. The U.S. Judicial Panel on Multidistrict Litigation has assigned all data breach suits to be heard by U.S. District Judge Paul Magnuson in Minnesota.

April 1, 2014

Two U.S. banks have dropped their lawsuit against Target Corp. and its credit card security assessor, Trustwave Holdings Inc.

New York -- Two U.S. banks have dropped their lawsuit against Target Corp. and its credit card security assessor, Trustwave Holdings Inc. The banks had accused Target and Trustwave of failing to properly secure customer data, leading to the retailer’s data breach during last year’s holiday season.

March 31, 2014

Information security firm Trustwave Holdings Inc., which is being sued in connection with the Target Corp. data breach, is denying that it managed data security for Target.

Chicago – Information security firm Trustwave Holdings Inc., which is being sued in connection with the Target Corp. data breach, is denying that it managed data security for Target. In a letter to its business partners and clients, Trustwave CEO Robert McCullen said Trustwave did not monitor the Target data network or process credit card data from the retailer’s customers.

March 26, 2014

A pair of banks has filed suit against Target Corp. and security firm Trustwave, alleging damages suffered after the retailer’s holiday season data breach and accusing Trustwave of failing to identify security gaps.

New York -- A pair of banks has filed suit against Target Corp. and security firm Trustwave, alleging damages suffered after the retailer’s holiday season data breach and accusing Trustwave of failing to identify security gaps.

According to a report by Reuters, which cited the American Banker, Trustmark National Bank and Green Bank N.A. are seeking damages of more than $5 million and named Trustwave Holdings and Target as defendants.

March 18, 2014

Target Corp. will reportedly promote items for sale during an episode of the TV show “Cougar Town” the evening of Tuesday, March 18, with viewers having the option of directly purchasing them via second screen.

Minneapolis – Target Corp. will reportedly promote items for sale during an episode of the TV show “Cougar Town” the evening of Tuesday, March 18, with viewers having the option of directly purchasing them via second screen. According to the New York Times, viewers with a synced mobile device or PC will be able to click on a flashing red signal on the products which takes them directly to Target.com for purchase.

March 14, 2014

Target Corp. acknowledged its security software picked up on suspicious activity after a cyber attack was launched, but it decided not to take immediate action.

New York -- Target Corp. acknowledged its security software picked up on suspicious activity after a cyber attack was launched, but it decided not to take immediate action. The chain also advised that its security breach last year could be even more extensive than reported so far, Reuters reported.

March 13, 2014

Target Corp. reportedly had early notice of the holiday data breach that exposed the personal and financial information of millions of customers but did not act upon it.

Minneapolis – Target Corp. reportedly had early notice of the holiday data breach that exposed the personal and financial information of millions of customers but did not act upon it. According to Bloomberg, a $1.6 million security application called FireEye notified Target of a possible intrusion in to its network, but the retailer failed to respond.

March 11, 2014

Swatch Group SA is suing Target Corp. for illegally selling watches that copy Swatch watches.

New York -- Swatch Group SA is suing Target Corp. for illegally selling watches that copy Swatch watches.

Swatch, in a lawsuit made public on Monday, accused the retailer of infringing its designs for "multi-colored" and "zebra watches." The watchmaker said the quality of the Target watches is inferior compared to its own and that their sale is likely to confuse consumers and hurt Swatch's sales.