Wendy future of retail top

Target Corp.

CVS, Walgreens take part in youth jobs coalition

CVS, Walgreens take part in youth jobs coalition

CHICAGO — CVS Health, Walgreens, Walmart and Target are among more than a dozen U.S.-based companies forming the 100,000 Opportunities Initiative, an employer-led coalition that aims to create pathways to jobs for America’s young people. The coalition has set a goal to engage at least 100,000 “Opportunity Youth” — 16- to 24-year-olds who face systemic

CVS to gain more clout by acquiring Target Rx business

CVS to gain more clout by acquiring Target Rx business

WOONSOCKET, R.I. — Continuing its aggressive growth and diversification, CVS Health has purchased Target Corp.’s pharmacy and clinic businesses for some $1.9 billion. The acquisition propels CVS past Walgreens as the nation’s No. 1 pharmacy operator by market share and store count. CVS will have close to 9,500 prescription counters. Walgreens had 8,232 as of

Target’s chief merchant steps down

MINNEAPOLIS — Kathee Tesija is leaving her post as executive vice president and chief merchandising and supply chain officer at Target Corp., moving into an advisory role with the retailer. The company is conducting an external and internal search for Tesija’s replacement, according to Target chairman and chief executive officer Brian Cornell, who said “this

CVS refuses to be satisfied with status quo

CVS refuses to be satisfied with status quo

It was a very productive spring for CVS Health. Already performing at a level that made it the envy of most other retailers and health care providers, the company took a series of steps in May and June that will increase its chances of success in several burgeoning sectors of the marketplace. The biggest news

Target’s chief merchant to step down

Target’s chief merchant to step down

MINNEAPOLIS – Kathee Tesija, executive vice president and chief merchandising and supply chain officer at Target Corp., will move into an advisory role effective July 6. An external and internal search is under way for a replacement, Target chairman and chief executive officer Brian Cornell said Thursday. The position’s areas of responsibility include overseeing all

Target CEO: CVS deal represents ‘significant shift’

Target CEO: CVS deal represents ‘significant shift’

MINNEAPOLIS — With CVS Health running Target Corp.’s pharmacies and clinics, the discount chain will be better able to focus on providing wellness products and services throughout its stores, according to Target chairman and chief executive officer Brian Cornell. “This exciting partnership represents a significant shift in our business model and will have notable benefits

CVS Health to buy Target’s pharmacy business

CVS Health to buy Target’s pharmacy business

WOONSOCKET, R.I. – CVS Health plans to acquire Target Corp.’s U.S. pharmacy and retail health clinics businesses for about $1.9 billion. CVS said Monday that it will buy more than 1,660 Target pharmacies across 47 states and operate them through a store-within-a-store format and that every new Target store that offers pharmacy services will include

Retailers wrestle with wage issue

Retailers wrestle with wage issue

NEW YORK — In the wake of Target Corp.’s decision to join Walmart in raising its minimum pay rate for hourly workers, other retailers, including chain drug stores, may face pressure to do the same. The United Food and Commercial Workers International union reportedly plans to step up its efforts to organize workers at Walgreens

Target outlines ‘path to growth’

MINNEAPOLIS — Target Corp. revealed its plan for future growth at its recent investors’ conference here. In addition to fine-tuning its merchandising, the plan calls for the elimination of thousands of headquarters jobs in order to achieve savings of $2 billion. “Following a thorough strategic review of our business, coupled with a careful evaluation of

Target plans $2 billion in cost cuts in transformation strategy

Target plans $2 billion in cost cuts in transformation strategy

MINNEAPOLIS — Target Corp. has unveiled a turnaround plan based on streamlining its headquarters operations to cut costs, boosting its information technology and supply chain investments, and adjusting its merchandise mix to strengthen its relationship with its most loyal consumers. The discount store chain’s growth plans, announced late Tuesday following an event for the investor

Target goes small in 2015 store opening plans

MINNEAPOLIS — Target Corp. plans to open 15 new stores in 2015, more than half of them small-format stores. The discount store chain said Monday that it aims to add eight TargetExpress locations, one CityTarget and six general merchandise stores. The new TargetExpress 
stores include the previously announced three openings in San Francisco and one

Target calls it quits in Canada

MINNEAPOLIS — Target Corp. has decided to end its costly foray into the Canadian market less than two years after opening the first of its current 133 stores in the country. The retailer reported in mid-January that “after a thorough review” it determined that the best decision for the company would be to wind down the

Target decides to pull plug on Canada operations

MINNEAPOLIS — With its stores north of the border struggling to achieve profitability, Target Corp. has begun efforts to discontinue its Canadian operations. The discount store retailer said Thursday that its subsidiary Target Canada Co. has filed an application for protection under the Companies’ Creditors Arrangement Act (CCAA) with the Ontario Superior Court of Justice

Exec duties expanded at Target

MINNEAPOLIS — Target Corp. chief executive officer Brian Cornell has announced several leadership changes. Casey Carl, Target’s president of omnichannel, will take on the newly created role of chief strategy and innovation officer and will report directly to Cornell. Carl will oversee a new center of excellence in data, analytics and business intelligence, an effort

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