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Walmart, Target change retail strategy ahead of holidays, increase in-store pick ups

Retailers like Walmart Stores Inc. and Target Corp. are investing heavily to make more products available for same-day store pickup, staffing the pickup counter with more workers and stocking inventory closer to those workers to shorten wait times, a key consumer...

Target Corp's chief digital officer leaves company

Target said on Friday Chief Digital Officer Jason Goldberger, who had been with the company for four years, has left the retailer and his role will be taken over by two senior company executives. The Minneapolis-based retailer said Goldberger's role...

In another blow to Welspun, J C Penney offers refunds on 'questionable' products

In what is being seen as a spin-off of the Welspun disaster, US-based retailer J C Penney has said it will be offering refunds to shoppers who purchased certain towels and a comforter set. This, even though the retailer is unable to...

Target and Wal-Mart in deal for Canada sites

Target Corp. said Friday it agreed to transfer leasehold interests in up to 39 sites in Canada to rival retailer Wal-Mart Stores Inc.Financial terms were not disclosed.The agreement calls for Target Canada to transfer the rights for leasehold interests...

Target finalising plans for Canadian launch

Target Corp. is firming up its plans for its much anticipated Canadian debut, setting up three distribution centres here and refining its strategy to include the sale of fresh food at some locations.The move into the food market wasn’t...

Target yet to set Zellers sites

It is too early to predict which Zellers Inc. stores in Nova Scotia will become part of the giant retail world of Target Corp., says a Target executive.Michael Francis, the chain’s executive vice-president and chief marketing officer who is...

Wal-Mart shrinks electronics space, adds items

Wal-Mart Stores is cutting the size of its electronics department as popular gadgets shrink and making room to add back dropped items like fishing poles, fabric and full-figure fashions."It's still a vibrant category but much smaller items are being...

Target eyes $6B in annual Canadian sales

U.S. retail giant Target Corp. expects to generate at least $6 billion in annual sales in Canada in as little as six years as it makes its first foray into a foreign market.Chief financial officer Douglas Scovanner also said...

Target set to open 21 new stores in 2011

Target plans to open 21 new stores in 2011, covering 13 states; including five stores in California, a fourth store in Hawaii and a SuperTarget in Minnesota.“Target takes great pride in designing stores that meet the needs of our...

Wal Mart to see smallest profit increase in five quarters

The world’s biggest retailer, Wal-Mart Stores Inc., is likely to see smallest profit increase in five quarters after Chief Executive Officer H. Lee Scott lowered prices to lure American shoppers squeezed by rising gasoline costs and mortgage payments.Results at...
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