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Wednesday, April 7, 2010 as of 11:14 AM ET

Gregg Steinhafel

Gregg Steinhafel is the President, CEO and Chairman of the Board of Target Corporation. Gregg Steinhafel became CEO of Target Corp.

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Target Profit Edges Higher; Boosts Fiscal-Year View

Target Corp.

's (TGT) fiscal first-quarter earnings edged up 1.2%, helped by solid demand for its apparel and the expansion of food offerings.The company said warmer weather during the period aided its showing, but also indicated its lower-income customers were feeling less confident."We believe the current economic recovery will continue to be slow and uneven," Chief Executive Gregg Steinhafel said during a conference call.As a result, Target plans to position itself to be nimble when it comes to ordering inventory, gauging its purchases as closely to demand as possible, Steinhafel said.Target is also reorganizing its selling floors by types of apparel rather than brand, feeling it will make it easier for customers to shop.Externally, the retailer is preparing to open its first three "City of Target" stores in July, with two more planned in October, a way for Target to more easily operate in urban markets. Depending on how well the stores do, the concept could be expanded."Target has a...

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  1. Target 4Q Results, Guidance Top Street’s Expectations

    Despite tepid sales growth during the holiday season, Target (NYSE:TGT) revealed fourth-quarter results on Thursday that exceeded Wall Street’s expectations and post...

  2. UPDATE: US Retailers' January Sales Generally Solid

    ("UPDATE: US Retailers' January Sales Generally Solid," at 9:41 a.m. EST, misstated Target's same-store-sales estimate in the sixth paragraph. The error also appears...

  3. Target January Sales Double Estimates

    Discount retailer Target (NYSE:TGT) beat Wall Street ’s expectations on Thursday by posting a 4.3% jump in January same-store sales, doubling growth forecasts from a...

  4. After Tepid December, Target Slashes 4Q View

    Despite overall strength this holiday season from retailers, discount giant Target (NYSE:TGT) disclosed weaker-than-expected December same-store sales and downgraded...

  5. Target Sales Miss Estimate, Firm Trims Q4 Outlook

    Target Corp . said on Thursday that its December same store sales rose 1.6%. Analysts had expected same-store sales to rise 3.1%, according to a Thomson Reuters poll...

  6. Target November Sales Fail to Impress

    Discount retailer Target (NYSE:TGT) said on Thursday its same-store sales grew less than 2% in November, driving its stock lower in early trading.The Minneapolis-bas...

  7. Target's Recipe for Retail Success

    FBN's Nicole Petallides with Target CEO, President and Chairman Gregg Steinhafel on the company's business growth and blowout last quarter.

  8. Target Now a Target for Black Friday Blowback

    A parking-lot attendant at a Target store in Omaha, Neb., is taking a stand.Anthony Hardwick, 29 years old, says starting Black Friday on Thanksgiving is just plain ...

  9. Target Beats the Street, Issues Upbeat Forecast

    Target (NYSE:TGT) easily beat the Street on Wednesday with a 3.7% bump in third-quarter profits amid solid same-store sales growth, driving the discount retailer’s s...

  10. Target's Oct. Sales Growth Trails Forecasts

    Target (NYSE:TGT) managed to grow its same-store sales by more than 3% in October despite the tough economy, but the results from the discount retailer failed to mee...

  11. Despite Economy, Target Posts Surprise Jump in Sales

    Easing worries about consumers' ability to withstand recent economic turbulence, Target (NYSE:TGT) revealed on Thursday it grew its September same-store sales by a s...

  12. Irene Clouds Retailers' Back-to-School Sales

    Hurricane Irene drove away shoppers from U.S. clothing and department stores in the last week of August, weighing on monthly retail results, even as chains selling s...

  1. Target Posts Better-Than-Expected 1Q Results, Lifts View

    Target (NYSE:TGT) beat Wall Street views on Wednesday with a 1.2% increase in first-quarter profits, prompting the discount retailer to bolster its full-year guidanc...

  2. Large US Retailers See Softness In April Sales

    Large U.S. retailers delivered disappointing sales for April, with Macy's Inc. (M), Target Corp. (TGT) and Saks Inc. (SKS) all falling short of expectations that wer...

  3. April Same-Store Sales Show Softness By Large Retailers

    Big retailers delivered disappointing sales for April, with Macy's Inc. (M), Target Corp. (TGT) and Saks Inc. (SKS) all falling short of expectations that were set l...

  4. Target's 1Q Sales Leap, Overshadowed by April Slowdown

    Target (NYSE:TGT) revealed on Thursday its strongest quarterly same-store sales performance in more than six years, but the discount retailer's results slowed much m...

  5. Target's CEO Steinhafel Received Nearly $20 Million In Compensation

    Target Corp.'s (TGT) Chief Executive Gregg Steinhafel last year received $19.7 million in total compensation, an 18% drop from the prior year, according to a filing ...

  6. Target Hikes 1Q View After March Sales Top Forecasts

    Target (NYSE:TGT) revealed a 7.3% jump in March same-store sales on Thursday, leading the discount retailer to upgrade its quarterly earnings guidance above Wall Str...

  7. Target's February Sales Impress as Traffic Rises

    Boosted by surprisingly strong customer traffic, discount retailer Target (NYSE:TGT) said Thursday it generated a better-than-expected 7% leap in February same-store...

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