Latest Headlines

Latest Headlines

Chutes & Ladders: Target CMO steps down; CVS Health adds marketing officer

Target's chief merchandising and supply chain officer steps down and CVS Health hires a new chief marketing officer. Catch up on all the other comings and goings in the retail industry in this week's Chutes & Ladders. 

Target CMO steps down, replacement search begins

Target announced that Kathee Tesija will step down from her role as chief merchandising and supply chain officer. Target is now conducting a comprehensive external and internal search for a new CMO.

Is CVS-Target pharmacy deal a potential privacy 'train wreck'?

The acquisition of 1,660 Target pharmacies this month by CVS raises significant data security questions, privacy issues and possible HIPAA conflicts.

US shoppers return $222B a year

Consumers return $642.6 billion worth of goods annually, and the United States ranks as the largest contributor to global returns at $221.7 billion a year.

Target lays off 140 at headquarters, plus 50 more

Target announced it will lay off 140 employees at its Minneapolis headquarters and eliminate an additional 50 jobs as part of a restructuring plan.

Target, CVS partnership signals strategic shift

Following the announcement that CVS Health would acquire the pharmacies and clinics at more than 1,600 Target stores, Target's CEO Brian Cornell sat down to answer some questions on the company's blog, A Bullseye View.

CVS buys Target's pharmacies, clinics for $2B

CVS Health has agreed to acquire Target's pharmacy and clinic business for $1.9 billion. Through the agreement, CVS Health will acquire more than 1,660 pharmacies across 47 states  and operate them as stores within stores. In addition, Target's 80 clinics will be rebranded as MinuteClinics.

Target discontinues pre-paid wireless service

Target announced it will discontinue its pre-paid wireless phone service just two years after the service's launch. Customers of Target's Brightspot are being contacted and notified that service will be terminated by the beginning of 2016 and no new consumers can activate the service after June 24.

Retailers slow to adopt Apple Pay; Samsung Pay delayed

In a year that was hyped for big growth of contactless payments systems, Apple Pay has been slow to gain traction and Samsung Pay will be delayed in getting off the starting block.

Target, JCPenney veteran appointed to Xcel Brands board

Xcel Brands, Inc. appointed a veteran Target executive and former JCPenney president, Michael Francis, to its board of directors.