Editor’s Note: Related tickers: Target Corporation (NYSE:TGT), Time Warner Inc. (NYSE:TWX), Amazon.com, Inc. (NASDAQ:AMZN)
Target Corporation (NYSE:TGT) announced today it will donate $250,000 in monetary support and merchandise to assist with tornado relief efforts in Moore, Okla. The donation includes $150,000 in cash and in-kind donations to the American Red Cross, $30,000 in a cash donation to the Salvation Army and $20,000 in product donations for other community needs such as water and other rescue and recovery supplies. Target Corporation (NYSE:TGT) will also donate $50,000 to Plaza Tower and Briarwood Elementary Schools to aid in recovery efforts. …In addition, this year Target Corporation (NYSE:TGT) has given $500,000 to the American Red Cross as part of the nonprofit’s Annual Disaster Giving Program. Target Corporation (NYSE:TGT) teams spend countless hours preparing for disasters of any magnitude and will continue to help communities across the country before, during and after a crisis.
Target Searches for Innovation on the West Coast (TCBMag)
Minneapolis-based Target Corporation (NYSE:TGT) is expanding its digital technology division with the addition of a new “Technology Innovation Center” in San Francisco. The center is designed to provide Target Corporation (NYSE:TGT) with greater access to innovative technology start-ups and experts in e-commerce so that it can better integrate new technology into its operations. The director of the new center, David Newman, said in a video about the tech center that the expansion will help Target Corporation (NYSE:TGT) identify emerging technologies: “For us, it’s how do we find those things that are just starting to be funded by the venture capital community. Test, learn, and bring that back to bear so we don’t fall behind in any of these spaces.”
Will Target Beat Earnings? (Zacks)
Target Corporation (NYSE:TGT), an S&P 500 company and the operator of general merchandise and food discount stores in the United States, is set to report its first-quarter fiscal 2013 results on May 22. In the last quarter, it posted a positive surprise of 12.2%. Let’s see how things are shaping up for this announcement. …Target Corporation (NYSE:TGT)’s efficient marketing, multi-channel strategy, product innovation, compelling pricing strategy, and new merchandise assortments are driving comparable-store sales and operating margins. The company’s P-fresh remodel program and 5% REDcard Rewards program help sustain sales momentum, continue to drive traffic and enhance customer shopping experience. The company’s focus on “Expect More. Pay Less.” brand promise is also bearing fruit.
Target Corporation : Target and Warner Bros. Consumer Products Team Up to Reimagine Justice League Merchandise (4-Traders)
In a first-of-its-kind partnership, Target Corporation (NYSE:TGT) and Time Warner Inc. (NYSE:TWX) Consumer Products, in partnership with DC Entertainment, have teamed up to introduce an extensive summer collection of exclusive Justice League merchandise. The summer collection was inspired by “DC Comics – The New 52” comic book character designs and holds surprises for fans young and old. Featuring the full lineup of DC Comics’ iconic Justice League Super Heroes – Aquaman, Batman, Cyborg, The Flash, Green Lantern, Superman and Wonder Woman – the summer collection will launch at all U.S. Target Corporation (NYSE:TGT) stores and on Target.com beginning May 19.
Target to hire 200 for new Denver store (BizJournals)
Target Corporation (NYSE:TGT) will begin hiring 200 new employees for its new Tamarac Square store with a three-day job fair that starts Thursday, the company said Tuesday. The 135,000-square foot store, at the corner of East Hampden Avenue and South Tamarac Drive, is scheduled to open in July. It’s one of 11 stores the Minneapolis-based company Target Corporation (NYSE:TGT) is opening nationwide in 2013. It will be the 42nd Colorado store and the 29th in metro Denver.
Why Target Ditched Amazon (WSJ)
Target Corporation (NYSE:TGT)’s decision to run its own website after outsourcing it to Amazon.com, Inc. (NASDAQ:AMZN) for a decade is helping the retailer better integrate the in-store and Web experience. Although, the transition did not come without a cost: Target Corporation (NYSE:TGT) experienced two major outages in September and October of 2011, shortly after it moved the site. Target Corporation (NYSE:TGT) is among a growing number of companies including General Motors Co. , to take back previously outsourced information technology operations in order to maintain better control. For Target Corporation (NYSE:TGT), the move frees up the retail giant to experiment with new services such as same-day delivery or the Cartwheel service as well as allow for real-time access to retail data. These types of services are designed to make the customer experience at Target Corporation (NYSE:TGT) unique, according to executives. Target Corporation (NYSE:TGT) is betting that the combination of online and in-store technology will counteract the competitive threat from Amazon.com, Inc. (NASDAQ:AMZN).
