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Target Corp (TGT)

TGT on New York Consolidated

77.24USD
30 Nov 2016
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Latest Key Developments (Source: Significant Developments)

Target Corp entered into 5 year credit agreement for $2.5 Bln with certain lenders
Wednesday, 5 Oct 2016 11:27am EDT 

Target corp : Target corp says entered into a five-year credit agreement with certain lenders - sec filing . Five-Year credit agreement for a $2.50 billion unsecured revolving credit facility . Sec filing . Entered into five-year credit agreement for a $2.50 billion . Target Corp Says Target May Increase Credit Facility Commitments Up To An Additional $500 Mln, Subject To Satisfaction Of Certain Conditions . Credit agreement will expire in october 2021, unless extended for up to two additional years under terms of credit agreement Source - http://bit.ly/2dEJynQ Further company coverage: [TGT.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Target's Jeff Jones to join Uber as President, Ridesharing
Tuesday, 30 Aug 2016 01:35pm EDT 

Uber Technologies Inc : Says Jeff Jones, Chief Marketing Officer at Target, will be joining UBER as President, Ridesharing. .Says Ryan Graves will continue to be integrally involved with Uber as our resident entrepreneur and builder.  Full Article

Target severs ties with Welspun over Egyptian-cotton dispute- Bloomberg
Friday, 19 Aug 2016 11:28am EDT 

: Target severs ties with Welspun over Egyptian-cotton dispute- Bloomberg . Target Corp says discovered last month that 750,000 sheets and pillowcases labeled Egyptian cotton were made with another type of cotton - Bloomberg . Target says informed Welspun that, due to this conduct, in the process of terminating relationship with them - Bloomberg . Target says phasing out all of its products from Welspun - Bloomberg .Target says withdrawal includes two lines of Egyptian cotton bedding, and not all of its Egyptian cotton sheets are affected- Bloomberg.  Full Article

Target Q2 comparable sales decrease 1.1 pct
Wednesday, 17 Aug 2016 06:47am EDT 

Target Corp : Q2 comparable sales decreased 1.1 percent . Q2 GAAP EPS from continuing operations of $1.07 and adjusted EPS of $1.23 . Q2 sales $16,169 million versus $17,427 million . Q2 earnings per share view $1.12, revenue view $16.18 billion -- Thomson Reuters I/B/E/S . Quarterly digital channel sales increased 16 percent. . 44-Cent difference between FY guidance ranges for GAAP EPS from continuing operations and adjusted EPS reflects early debt retirement losses already reported in 2016 . FY2016 earnings per share view $4.72 -- Thomson Reuters I/B/E/S . On pace to exceed its goal to save $2 billion in costs over 2-year period ending in 2016 . Sees FY 2016 GAAP earnings per share $4.36 to $4.76 from continuing operations . Sees FY 2016 adjusted earnings per share $4.80 to $5.20 . Quarterly comparable sales growth in signature categories outpaced total comparable sales by about 3 percentage points . In Q3 2016, target expects both GAAP EPS from continuing operations and adjusted EPS of $0.75 to $0.95 . In both third and fourth quarters of 2016, target now expects comparable sales growth in range of down 2.0 percent to flat . Based on current retail environment company believes it is prudent to lower expectations for comparable sales in second half of year . "We are planning for a challenging environment in back half of year".  Full Article

Target names Ben Cook Senior Vice President, Global Logistics, Inventory Allocation and Replenishment
Wednesday, 20 Jul 2016 04:15pm EDT 

Target Corp : Ben Cook joins the company July 24 and will relocate to Minneapolis . Target names Ben Cook Senior Vice President, Global Logistics, Inventory Allocation and Replenishment .Says Ben Cook will report to Target's Executive Vice President and Chief Supply Chain and Logistics Officer, Arthur Valdez..  Full Article

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

Wal-Mart, Best Buy winners as holiday shopping season kicks off

Nov 28 Wal-Mart, Target and Best Buy - and, unsurprisingly, Amazon.com - were early winners as shoppers kicked off the holiday shopping season by splurging on electronics such as ultra-HD TVs and gaming consoles including Sony's PlayStation 4, analysts said.