United States

Target Corp (TGT.N)

TGT.N on New York Stock Exchange

26 Aug 2016
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$-0.46 (-0.65%)
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Latest Key Developments (Source: Significant Developments)

Marimekko and Target announce design partnership for spring collection
Wednesday, 2 Mar 2016 09:00am EST 

Marimekko Oyj:Marimekko and Target announce design partnership for spring collection.Marimekko for Target capsule collection will be available at all Target stores and Target.com in United States starting April 17.  Full Article

Target Corp declares regular quarterly dividend
Thursday, 14 Jan 2016 08:00am EST 

Target Corp:Declared a quarterly dividend of 56 cents per common share.Dividend is payable March 10 to shareholders of record date as of February 17.  Full Article

CVS Health and Target announce completed acquisition of Target's Pharmacy and Clinic Businesses
Wednesday, 16 Dec 2015 07:55am EST 

CVS Health Corp and Target Corp:Announce completed acquisition of target's pharmacy and clinic businesses.Closing of transaction is expected to have impact on target's fourth quarter 2015 financial results.Target will recognize a pre-tax gain of $575 million to $775 million following closing of deal.Reduction of expected Q4 sales of approximately $500 million is expected to impact Target, following deal closing.Closing of transaction does not change target's expected fourth quarter comparable sales.Target's after-tax net proceeds from the transaction are expected to be approximately $1.2 billion.  Full Article

Target Corp in $39.4 mln settlement with banks over data breach - Reuters
Wednesday, 2 Dec 2015 09:11pm EST 

Target Corp:Target Corp has agreed to pay $39.4 million to resolve claims by banks and credit unions that said they lost money because of the retailer's late 2013 data breach - RTRS.The settlement filed on Wednesday resolves class-action claims by lenders seeking to hold Target responsible for their costs to reimburse fraudulent charges and issue new credit and debit cards - RTRS.Target previously said at least 40 million credit cards were compromised in the breach, and that as many as 110 million people may have suffered the theft of personal information such as email addresses and phone numbers - RTRS.A Target spokeswoman said on Wednesday that 70 million people may have lost personal data - RTRS.The Minneapolis-based retailer has taken steps to avoid a recurrence, including being among the first U.S. retailers to install microchip-enabled card readers at all stores - RTRS.Wednesday's settlement calls for Target to pay as much as $20.25 million to banks and credit unions, and $19.11 million to reimburse MasterCard Inc MA.N card issuers - RTRS.The settlement won preliminary approval from U.S. District Judge Paul Magnuson in St. Paul, Minnesota, who called it "fair, reasonable and adequate," court records showed. A hearing on final approval was scheduled for May 10, 2016 - RTRS.  Full Article

Target Corp - LaRose recalls toy over hubcap hazard - Reuters
Tuesday, 27 Oct 2015 01:19pm EDT 

Target Corp:LaRose Industries is recalling about 11,000 Chinese-made Peanuts Flying Ace riding toys because the hubcaps can come off and be swallowed by young children, the U.S. Consumer Product Safety Commission said on Tuesday - RTRS.The Randolph, New Jersey-based company is recalling six models patterned after airplanes. The company has received no reports of incidents or injuries, the commission said in a statement - RTRS.The toys were sold in Target Corp TGT.N stores from July to August for about $40 - RTRS.  Full Article

Target Corp - Target pharmacy workers form union, first in company's history - Reuters
Tuesday, 15 Sep 2015 08:00pm EDT 

Target Corp:A group of pharmacy workers within Target Corp's store in Brooklyn, New York, have won a vote to form a microunion, making it the first unionized store at the retailer since its inception in 1902 - Reuters.Earlier on Wednesday, Reuters was first to report that a group of pharmacists and pharmacy technicians won an initial ballot, 7-2, to form the union, according to a filing on the National Labor Relations Board website and union officials - Reuters.Target said it was "disappointed" by the vote within its store and will appeal the NLRB's decision to allow the vote to proceed - Reuters.  Full Article

Target Corporation declares regular quarterly dividend
Friday, 11 Sep 2015 08:00am EDT 

Target Corporation:Declares a quarterly dividend of 56 cents per common share.Says the dividend is payable on Dec. 10 to shareholders of record at the close of business Nov. 18.  Full Article

Target Corp lays off 235 in Twin Cities tech operations, 40 in India; IT units were spared earlier - The Associated Press
Monday, 31 Aug 2015 08:00pm EDT 

Target Corp:Has laid off about 235 employees in its technology operations in the Twin Cities - The Associated Press.Target said it will close about 35 open positions, Another 40 people were laid off at Target’s IT centre in India, where it employs about 2,600 people - The Associated Press.The Star Tribune reports the retailer’s information technology units had largely been spared in layoffs earlier this year that affected about 2,500 jobs, or about one-fifth of the workers in the company’s corporate offices in Minneapolis and Brooklyn Park - The Associated Press.  Full Article

Target Corp settles with U.S. on charge of race, gender bias in hiring - Reuters
Sunday, 23 Aug 2015 08:00pm EDT 

Target Corp:Has agreed to pay $2.8 million to settle a U.S. Equal Employment Opportunity Commission (EEOC) charge that it used hiring tests that disproportionately screened out candidates for various professional positions based on race and gender - Reuters.The EEOC on Aug.24 said three "employment assessments," which Target no longer uses, were not sufficiently job-related or necessary for the discount retailer's business, and therefore violated Title VII of the Civil Rights Act of 1964.Also said one of the assessments, which was performed by psychologists, violated the Americans with Disabilities Act, which bans employers from subjecting applicants to medical exams before receiving job offers.The EEOC said the settlement payment will be distributed among thousands of people affected by Target's employment screening.It also said the Minneapolis-based company will more closely monitor its hiring, and retain an outside consultant to train personnel responsible for administering similar assessments.  Full Article

Target Corp gives FY 2015 earning guidance
Wednesday, 19 Aug 2015 08:00am EDT 

Target Corp:Sees FY 2015 Adjusted EPS of $4.60 to $4.75, compared with prior guidance of $4.50 to $4.65.  Full Article


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