Target Corp


  • UPDATE 2-Kohl's forecasts full-year sales above estimates Thursday, 26 Feb 2015 | 10:46 AM ET

    Feb 26- Department store operator Kohl's Corp forecast full-year revenue above analysts' expectations and reported higher-than-expected quarterly profit and sales, helped by demand for apparel and accessories in the holiday shopping season. Shares of Kohl's, which also said it would buy back $1 billion of shares this fiscal year, rose 3 percent to an over...

  • The company, which owns the Sears and Kmart chains, said net loss attributable to shareholders was $159 million, or $1.50 a share, in the quarter ended Jan. 31, against a loss of $358 million, or $3.37 a share, a year earlier. Once the largest U.S. retailer by revenue, Sears has seen sales drop due to stiff competition from Target Corp, Wal-Mart Stores Inc and Home Depot Inc..

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed narrowly mixed amid firming oil prices, moderate housing data and some debate over Yellen's congressional testimony.

  • Target's transformation: CFO  Wednesday, 25 Feb 2015 | 1:45 PM ET

    Discussing Target's strong fourth quarter, and the threat of the slowdown at West Coast ports, with John Mulligan, Target CFO.

  • Why wage hikes could spell trouble for Wal-Mart Wednesday, 25 Feb 2015 | 1:12 PM ET

    Plans to hike employee pay could spell trouble for Wal-Mart, according to the latest research.

  • Correction: Target-Free Shipping story Wednesday, 25 Feb 2015 | 12:29 PM ET

    NEW YORK— In a story Feb. 23 about Target Corp.' s free shipping policy, The Associated Press reported erroneously that Overstock.com offers free shipping only to loyalty club members. The story also changes the spelling and capitalization in several instances of Wal-Mart to conform with Associated Press style:. The minimum takes aim at competitors Wal-Mart...

  • Wal-Mart ripple effect begins with this retailer Wednesday, 25 Feb 2015 | 11:56 AM ET
    A TJ Maxx employee and customer at a store in Washington, D.C.

    Days after Wal-Mart announced pay raises, TJX said that it, too, will boost hourly wages.

  • Feb 25- U.S. retailer Target Corp reported a stronger-than-expected jump in fourth-quarter sales and profits and forecast modest growth this quarter in a sign that its online business strategy and focus on promoting select categories is working. Similar to other retailers lower fuel prices also helped, Chief Financial Officer John Mulligan told a media...

  • TJ Maxx, Marshalls to follow Wal-Mart in raising pay Wednesday, 25 Feb 2015 | 11:07 AM ET

    TJX Cos. said Wednesday that it will increase pay for its U.S. workers to at least $9 an hour starting in June. The announcement came a week after Wal-Mart Stores Inc. said it would increase starting wages for its U.S. employees to at least $9 per hour by April and by at least $10 by Feb. 2016. John Challenger, CEO of global outplacement firm Challenger, Gray& Christmas...

  • Nice rally, but major indices seem stretched Wednesday, 25 Feb 2015 | 10:14 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Big indices are far above their 50-day moving averages. When these indices get too far from that average, there is a reversion to the mean.

  • Cramer to Wal-Mart: Better watch Target Wednesday, 25 Feb 2015 | 10:10 AM ET
    Customers arrive at a Target store in St. Albert, Alberta, January 15, 2015.

    CNBC's Jim Cramer says Wal-Mart should be worried about Target after the company's latest quarterly earnings report.

  • Target to outline cost-cutting strategy next week Wednesday, 25 Feb 2015 | 10:05 AM ET
    Sale signs at a Target store in Mentor, Ohio.

    An earnings call with Target's chief financial officer John Mulligan announced changes in the week to come.

  • Cramer: Wal-Mart should worry about TGT  Wednesday, 25 Feb 2015 | 9:02 AM ET

    CNBC's Jim Cramer explains why Wal-Mart should be concerned with Target after its latest earnings report.

  • Target beats on top and bottom line  Wednesday, 25 Feb 2015 | 8:44 AM ET

    Paul Trussell, Deutsche Bank analyst breaks down the retailers quarterly numbers and weighs in on the impact of raising the minimum wage as Wal-mart did.

  • Feb 25- U.S. retailer Target Corp reported a stronger-than-expected jump in same-store sales and profits for the key fourth quarter, helped by its expanding online business, and forecast modest earnings growth in the current quarter. Adjusted earnings per share, which excludes items including a massive loss related to the Canada exit, came to $1.50 in the...

  • Wall Street on edge after Yellen, housing data in focus Wednesday, 25 Feb 2015 | 8:20 AM ET
    Construction crews work on new town homes in Erie, Colorado, January 15, 2015.

    U.S. stock index futures signaled a flat open on Wednesday after comments from Fed Chair Yellen's speech to Congress.

  • Target reports 4Q loss Wednesday, 25 Feb 2015 | 8:09 AM ET

    MINNEAPOLIS _ Target Corp. on Wednesday reported a fiscal fourth-quarter loss of $2.64 billion, after reporting a profit in the same period a year earlier. Analysts expected $21.65 billion, according to Zacks. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.05.

  • NEW YORK— Target Corp. delivered a cautious profit outlook for the first quarter and reported a loss in its fourth quarter, dragged down by costs to end its money-losing foray in Canada. The results, which included the second consecutive increase in a key sales measure in a year, come a little more than a month after the discounter announced it was giving up on...

  • Target beats earnings forecast, sees growth ahead Wednesday, 25 Feb 2015 | 8:01 AM ET
    A customer pushes a shopping cart laden with merchandise at a Target Corp. store opening ahead of Black Friday in Chicago, Illinois.

    Target also forecast modest earnings growth for this quarter.

  • *New home sales data expected at 10 a.m.. NEW YORK, Feb 25- U.S. stock indexes were little changed on Wednesday, after the Dow and S&P 500 climbed to their latest records, before a second day of testimony from Federal Reserve Chair Janet Yellen and data on the housing market. *Other retailers expected to post earnings on Wednesday include L Brands, Target Corp and TJX...