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Auditing
The Big Four Continue to Dominate Auditing: Weekly Stat
The audit market is most concentrated among the population of large accelerated filers, 88% of which tap a Big Four firm for assurance.
By
Vincent Ryan
| June 29, 2022
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Financial Performance
Shopping Shifts Squeeze Target Profit in Q1
The retailer's sales jumped 11.3% but margins were pressured as consumers switched to e-commerce amid the coronavirus crisis.
By
Matthew Heller
| May 20, 2020
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People
Target Names SVP Michael Fiddelke as CFO
The retailer conducted an extensive global search before appointing Fiddelke to succeed Cathy Smith.
By
Matthew Heller
| October 10, 2019
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People
Cathy Smith to Step Down as Target CFO
“The next person in that chair has some big shoes to fill," a Moody's analyst says.
By
Matthew Heller
| January 11, 2019
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Financial Performance
Target’s Earnings Miss on Heavy Spending
The retailer "may hit the top line, like you saw this quarter, but will we see that flow through to the bottom line?" one analyst says.
By
Matthew Heller
| March 6, 2018
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Strategy
Target’s Comp Sales Surge 3.4% Over Holidays
The Christmas period results give "some validation to Target’s expensive plan to improve stores, delivery logistics, and customer service."
By
Matthew Heller
| January 9, 2018
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Turnarounds
Target Stock Falls 8% on Holiday Season View
The retailer's forecast of flat to 2% growth in fourth-quarter same-store sales appeared to revive investors' doubts over its turnaround plan.
By
Matthew Heller
| November 15, 2017
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Strategy
Target’s Comp Sales Rise 1.3%, Beat Estimates
“For a little while, [Target] seemed to have lost its way but now appears to be getting back into that 'Tar-jay' mode."
By
Matthew Heller
| August 16, 2017
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Strategy
Target Boosts Profit But Same-Store Sales Fall
"Target's not out of the woods, yet," a retail analyst says. "The road to improvement will be long."
By
Matthew Heller
| May 18, 2017
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Turnarounds
Target Plans Price Cuts as Sales Slump Again
The retailer's shift to a new business model "will present headwinds to our sales and profit performance in the short term."
By
Matthew Heller
| February 28, 2017
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Strategy
Target’s Same-Store Sales Beat Expectations
The 1.1% drop in comp sales for Q3 was a relief to investors and Target now forecasts as much as a 1% increase for the next quarter.
By
Matthew Heller
| November 16, 2016
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Strategy
Target Shares Drop 7.6% on Comp Sales Miss
Same-store sales gained 1.2% in Q1, missing analysts' estimates, and Target is expecting growth to be flat or lower in coming months.
By
Katie Kuehner-Hebert
| May 18, 2016
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Turnarounds
Online Sales Fuel 1.9% Growth at Target
The retailer posted a 34% increase in digital sales but holiday-season promotions aimed at driving that growth cut into profits.
By
Katie Kuehner-Hebert
| February 24, 2016
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