Target Corp (TGT) Key Developments | Reuters.com
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Target Corp (TGT)

TGT on New York Consolidated

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1 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Target announces 7.1 pct dividend increase
Wednesday, 8 Jun 2016 08:00am EDT 

Target Corp : Sets quarterly dividend of $0.60 per share .Target corporation announces 7.1 percent dividend increase.  Full Article

Target Canada gets sanction order from court approving second amended joint plan of arrangement
Thursday, 2 Jun 2016 01:42pm EDT 

Target Canada: Obtained sanction order from Ontario Court approving second amended and restated joint plan of compromise and arrangement . Expects to begin implementation of amended plan about June 28, 2016 . Sanction order authorizes distribution of funds to Target Canada's creditors pursuant to amended plan .Target Canada Co says initial distributions to creditors should commence on or about July 6, 2016.  Full Article

Target Q1 earnings per share $1.05
Wednesday, 18 May 2016 08:00am EDT 

Target Corp : Q1 adjusted earnings per share $1.29; Q1 earnings per share $1.05; Q1 sales $16.2 billion, down 5.4 percent . Q1 earnings per share view $1.19, revenue view $16.31 billion -- Thomson Reuters I/B/E/S . Q1 comparable sales up 1.2 percent; Q1 comparable digital channel sales up 23 percent . While company's view of Q2 results has been tempered by slowdown in consumer trends, company believes FY adjusted EPS within prior guidance is achievable . Sees Q2 comparable sales of flat to down 2 percent; sees Q2 adjusted earnings per share $1.00-$1.20 . Q2 GAAP EPS from continuing operations will include about $0.17 of expense related to early debt retirement losses .Q2 earnings per share view $1.36 -- Thomson Reuters I/B/E/S.  Full Article

U.S. CPSC says Target recalls Menorahs due to fire hazard
Tuesday, 17 May 2016 02:04pm EDT 

U.S. Consumer Product Safety Commission : Target recalls Menorahs due to fire hazard .Has received eight reports of product melting, including three reports of fire; no property damage or injuries have been reported.  Full Article

Target names Jason Goldberger as chief digital officer and president
Tuesday, 17 May 2016 09:05am EDT 

Target Corp : Jason Goldberger will assume newly created role of chief digital officer and president, Target.com . Tritton joins target from Nordstrom, where he was executive vice president and president of Nordstrom Product Group .Target names Mark Tritton executive vice president and chief merchandising officer.  Full Article

Lawsuit accuses Target Corp of not paying overtime to some warehouse workers - Reuters News
Tuesday, 29 Mar 2016 05:58pm EDT 

Target Corp:Target Corp has been accused in a lawsuit of failing to pay overtime to workers with low-level management responsibilities at its warehouses in New York state. - RTRS.The lawsuit, which seeks class action status, accuses the retailer of violating state labor law by misclassifying "operations group leaders" as exempt from overtime requirements and not paying them for all hours worked.Target was sued six months after the Obama administration proposed making nearly 5 million more U.S. workers eligible for overtime pay.That proposal, which is being reviewed by the Office of Management and Budget, is widely expected to narrow an exemption for white-collar workers from overtime pay protections based on the percentage of time they spend on management tasks.Target "controls very carefully what the group leaders do such that they are not left with meaningful executive authority that would satisfy exemption under the law," Jahan Sagafi, a lawyer for the named plaintiff, Robert LaPointe Jr, told Reuters.Target spokeswoman Molly Snyder said Target's distribution center group leaders are properly classified as exempt, salaried team members and said these department leaders hire, manage and lead teams of up to 50 people.  Full Article

Target Corp declares regular quarterly dividend
Thursday, 10 Mar 2016 08:00am EST 

Target Corp:A quarterly dividend of 56 cents per common share.Payable June 10, 2016 to shareholders of record at the close of business May 18, 2016.  Full Article

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

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