Content about Target Corporation

August 22, 2012

Lowe’s pullback on its expansion on Long Island, N.Y., provided an opportunity for Target, which purchased an 18-acre site in Huntington Station from the home improvement retailer, according to a report in the Long Island Business News. 

April 6, 2012

An organized retail theft ring that targeted 70 Home Depot stores in six states has been taken down by multi-agency task force after the arrest of three men in New Jersey, New York, and Pennsylvania. Two other suspects are still be sought. 

March 1, 2012

Tractor Supply has increased its estimated domestic store growth potential to 2,100 locations from a previously estimated 1,800 stores.

Jim Wright, chairman and CEO, said: “Over the past four years, we have effectively tested and validated the viability of the Tractor Supply store model in small markets. We are pleased that we are able to generate a comparable rate of return on investment in these markets, which opens up additional growth opportunities for Tractor Supply stores. We believe we have a long runway of growth ahead of us.”

February 6, 2012

Two members of a retail theft ring charged with stealing more than $100,000 worth of merchandise from Lowe’s stores in five western states were convicted of multiple felony counts by a federal jury in the western district of Washington State. 

December 27, 2011

Hoffman Estates, Ill.-based Sears Holdings plans to close 100 to 120 Kmart and Sears full-line stores after reporting a disappointing recent performance. The Tuesday morning announcement -- contained in a press release titled "Sears Holdings Provides Update" --  reported a 5.2% comp-store sales decline for the quarter-to-date period, and a 2.6% decline in the year-to-date period, ended Dec. 25. 

December 7, 2011

All customers are not created equal.

During Lowe's annual conference Tuesday, senior VP marketing and advertising Tom Lamb defined the company's target customer by first breaking down home improvement consumers into four distinct groups.

Lowe's target, he said, is on the two largest spending groups, together called "creators."

December 2, 2011

As a former store owner, avid consumer and general retail junkie, I really get excited when I walk through a store and find myself thinking “WOW! Look at THIS.” More than once, when really excited, the “Wow!” in my head has extended to my mouth, occasionally to my embarrassment, but more often to either agreement from my fellow shoppers or the appreciation from nearby employees.

August 31, 2011

Ten months after the launch of True Value’s new-and-improved e-commerce program, the statistics are beginning to pile up. Most importantly, perhaps, almost 2,000 stores have signed up for the program, allowing customers to shop online and pick up purchases in their local hardware store. 


There are some things still unknown in the e-commerce world, such as the correlation between Web browsing and in-store buying. But True Value believes it’s getting closer to an understanding. And it likes what the data are showing. 


May 2, 2011

Like most of the vendors in the Inventors Spotlight section of the 2010 National Hardware Show (NHS), Kalvin Vogt was confined to an 8-ft.-wide space that ran approximately 4 ft. deep. But he was right at the entrance with his crystal doorknobs, which are illuminated from inside with LED lights.


“We had Home Depot come in the first 15 minutes of the first day,” said Vogt, CEO of Krystal Touch of New York Inc. This being his first time at the show, Vogt and his associates were stunned. “We were ready to leave right after that,” he joked. 


February 9, 2011

Discount retailer Target Corp. has agreed to pay the state of California $22.5 million to settle accusations that its stores dumped hazardous chemicals over a number of years, according to a tentative agreement filed in Superior Court in Alameda County.

Target admits no wrongdoing in the settlement, which is part of a crackdown on big-box retailers by California prosecutors. Both Home Depot and Walmart have been hit with multimillion-dollar fines in recent years for environmentally related violations.

January 14, 2011

In its first-ever expansion outside of the United States, Target Corp. on Thursday said it would acquire up to 220 Zellers discount department stores in Canada from the Hudson’s Bay Co. for $1.8 billion. The deal will allow Target to open 100 to 150 Target stores throughout Canada in 2013 and 2014.

January 10, 2011

Drive into any Home Depot parking lot and you’ll find a collection of rag-tag pick-up and utility trucks parked near the store’s pro entrance. The owners of the vehicles represent almost one-third of Home Depot’s $66.2 billion in annual sales. Yet they only spend, on average, $5,000 a year apiece. 


Home Depot is where they stop if they run short of something or to grab a few items on their way to a job.


December 15, 2010

A study of consumer shopping habits in the tools and storage categories indicates a willingness to trade advice from knowledgeable staff for a wider assortment of goods. These were the conclusions from a survey conducted this month by The NPD Group, a market research firm based in Port Washington, N.Y.

Eighty-four percent of respondents indicated they prefer purchasing storage/organization and tool products at larger stores with many offerings, rather than at smaller stores with consultative sales staff, but limited stock.

December 5, 2010

For the past couple of years, Home Depot’s top executives have been talking about the...

For the past couple of years, Home Depot’s top executives have been talking about the forecasting, assortment management and other IT “tools” being given to its merchants and store managers so they can make better decisions about what goes on the shelf. But while the Atlanta retailer has been vague about some of its new technology initiatives, it’s made no secret of the fact that it fell behind in the IT sector while expanding on the retail front.

December 14, 2008

David Strom, an expert on wikis, blogs, instant messaging and social networking technology, will deliver...

December 4, 2008

The International Council of Shopping Centers attributes the decline in same-store sales performance to the...

November 2, 2008

There was a lot to talk about last year at the STAFDA convention—protectionism, steel prices,...

October 19, 2008

In a shrinking economy, store footprints appear to be shrinking as well, as retailers, most...

October 19, 2008

Hardware store circulars have been part of our nation’s newspapers for generations and are a...

October 7, 2008

In addition to several “How To” demonstrations, K&B True Value in Annapolis, Md., gave away...

October 5, 2008

Bob Taylor could be described as an optimist, a guy who looks at the ongoing...

September 7, 2008

Just in time to capitalize on the traditional fall football frenzy, Walmart has transformed more...

September 7, 2008

The second-quarter performances at both Home Depot and Lowe’s followed some similar themes this summer,...

September 4, 2008

The International Council of Shopping Centers said same-store sales rose 1.7 percent in August on...

August 24, 2008

Let’s get the bad news out of the way first, move on to the better...