Target adds executive for new role in operations
NEW YORK — Target continues to reshape its management under its CEO Brian Cornell who came on board a little over a year ago. The Minneapolis-based discounter has named Anu Gupta to a newly created...
View ArticleStudy cites cybercrime’s rising costs to corporations
NEW YORK — Cybercrime costs are climbing for companies both in the U.S. and overseas amid a slew of high-profile breaches, according to research released Tuesday. A sixth-annual study by the Ponemon...
View ArticleTarget is raising minimum hourly wage to $15 by end of 2020
Target Corp. is raising its minimum hourly wage for workers to $11 starting next month and then to $15 by the end of 2020, a move it says will help it hire and keep the best employees and make shopping...
View ArticleTarget says customers want it to pause the ‘Christmas creep’
NEW YORK — Target says customers want it to pause the “Christmas creep.” It says it wants to be more in tune with customers’ mindset, so it plans to ease in holiday promotions this year while better...
View ArticleU.S. retail sales rose 0.8 percent last month
WASHINGTON — U.S. retail sales rose at a solid pace in October, though the gains were boosted by one-time factors such as hurricane recovery spending and higher gas prices. Retail sales rose a...
View ArticleWalmart U.S. CEO talks tech, workers
HOUSTON — When Walmart’s Greg Foran took over as CEO of the discounter’s U.S. division four years ago, he found messy stores with lots of items that were frequently out of stock. The 57-year-old New...
View ArticleTaxes a bigger part of online holiday shopping
WASHINGTON — Shoppers heading online to purchase holiday gifts will find they’re being charged sales tax at some websites where they weren’t before. The reason: the Supreme Court. A June ruling gave...
View ArticleOpus pays $22M for former Target building
The Opus Group paid $22.1 million for the former Target office building just outside downtown Minneapolis and expects to complete renovations for new tenants next spring. Minnetonka-based Opus closed...
View ArticleTarget hits on all cylinders in the fourth quarter
NEW YORK — Target’s expanded online delivery options, new brands and updated stores helped drive shoppers to spend more during the critical holiday shopping season. Target, which is trying to narrow...
View ArticleTarget pays $17.4M for Minneapolis warehouse
Target Corp. is the new owner of the Mid-City Logistics Hub, a former Sears warehouse property in Minneapolis. The Minneapolis-based retail giant paid $17.4 million for 399,000-square-foot property at...
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