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Target lays off 1,700, won’t fill another 1,400 vacancies
Target Corp. said Tuesday that it is laying off 1,700 workers and eliminating another 1,400 unfilled positions as part of a restructuring aimed at saving $2 billion over the next two years.
Canada exit pulls down Target earnings
Target Corp. reported a loss in its fourth quarter, dragged down by costs to end its money-losing foray in Canada. But the discount retailer recorded stronger-than-expected sales during the holiday […]
Banks react to Target in different ways
Many of the 40 million consumers who swiped plastic in Target stores during the retailer’s recent security breach are likely considering canceling those credit or debit cards, but the choice might not be theirs to make.
Target: Justice Dept. investigates its data breach
NEW YORK — Target Corp. said Monday that the Department of Justice is investigating the credit and debit card security breach at the retailer. The investigation comes after Target revealed […]
Target-ed customers could be scared off
Target is grappling with security and a public relations nightmare just as the holiday shopping season is wrapping up. The nation’s second-largest discounter said Thursday that data connected to about […]
Target’s 3Q profits up 3.7 percent
NEW YORK — Target Corp. reported a 3.7 percent increase in third-quarter profits, helped by solid spending and improvement in its credit card business. The Minneapolis discounter said Wednesday that […]
Target’s 2Q profits up 3.7 percent
NEW YORK — Target Corp., buoyed by its push into groceries and incentives it offers credit cardholders, posted a 3.7 percent increase in second-quarter profit and said earnings for the […]
Retailers report solid sales gains for July
NEW YORK — Many U.S. retailers posted solid sales in July as deep discounts and sweltering heat drove shoppers to air conditioned malls. But analysts worry that momentum won’t continue […]
Credit-card business pushes Target net up 2.7 pct
NEW YORK — A stronger credit-card business helped Target Corp.’s net income rise 2.7 percent in the first quarter, even as customers were cautious about buying because of higher gas […]
Week in review: 5/6/11
Towson U. eyes Commons space Administrators at Towson University has been talking with the owner of the nearly vacant Towson Commons about leasing space to use for classrooms and academic offices. […]
Md. Emergency Management Agency signs deal with Target
When Maryland declares a state of emergency, Target Corp. and 19 other businesses say they will lend a hand. Target will donate inventory, and its staff members will volunteer as […]
Shoppers’ spending surprisingly strong in March
NEW YORK — Shoppers shrugged off higher gas prices and cool temperatures to give retailers a surprisingly strong March. The retail revenue figures released Thursday extend the streak of solid […]
