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."
Costco Hikes Fees by $5 as Q2 Earnings Miss
CFO Richard Galanti says the competitive challenges Costco is facing from Sam's Club and Target are “formidable.”
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."
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.
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.
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.
Cyber Ratings Services Can Help Thwart Hackers
New generation of tools for assessing companies' "cyber hygiene" may lower the risk of data breaches.
Beware ‘Starving’ Cyber Risk Budgets, CFOs Warned
Board involvement in cybersecurity surges, according to a new study.
IKEA Raising its U.S. Worker Pay
The raise would put IKEA's minimum wage at $4.62 above the current federal minimum wage.
Lloyd’s Insurer Says Cyber Risks Too Big to Cover
The biggest Lloyd's of London insurer says cyber attacks are unusually systemic and the require governments to step in.