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TARGET

  • Jessica Alba’s Honest Beauty hits mass with Target launch
    MINNEAPOLIS — Target has been selling Jessica Alba’s Honest Co. household, personal care and baby products for several years, but now the retailer’s beauty aisle will be is the site of Honest Beauty's is launching its beauty line through the retailer for its first mass-market retail launch. Alba made the announcement in a blog post for Target’s A Bullseye View blog. 
     

  • SLIDESHOW: First look at Target’s next-gen store concept

    MINNEAPOLIS — Target has unveiled its next-generation store format, which will make its debut in Richmond, Texas — a Houston suburb — in October.

  • Kroger vet joins Target to lead grocery business
    A 30-year veteran of Kroger has joined Target to head up the discounter’s struggling grocery business. 
     

  • Kmart garners top ranking on pharmacy customer satisfaction index

    ANN ARBOR, Mich. — Kmart earned the top ranking — a score of 84 out of a possible 100 — in the health and wellness/pharmacy category in the recently released American Customer Satisfaction Index “Retail Report 2016.” Kmart’s ranking rose from a score of 76 the prior year, good for a 10.5% year-over-year increase.

  • Slew of healthcare companies named tops for executive women

    NEW YORK — A host of drug store industry-related companies were named to the 2017 National Association for Female Executives Top Companies for Executive Women. In alphabetical order, these companies, among the 60 named to the list, include Abbott Labs, Cardinal Health, Colgate Palmolive, Eli Lilly, General Mills, Johnson & Johnson, Kellogg, L’Orèal, Merck, Procter & Gamble, Roche, Target and Walmart.

  • Brands reflect better nutrition options

    The top three brands in this year’s list of breakthrough brands, defined as those brands either introduced within the 52 weeks ended Dec. 25, 2016, or those brands that experienced blockbuster incremental growth in that time frame, feature the leading meal-replacement solutions on the market today in Premier Protein, Clif Bar and SlimFast, according to IRI. A fourth brand — Quest Nutrition’s Quest Bars — also ranks high on the list. It’s reflective of the consumer need for products that embody an aspirational health- and-wellness direction that many U.S.

  • Quri looks at health, beauty merchandising at Target, Rite Aid during awards shows
    SAN FRANCISCO — Performance-driven merchandising company Quri recently shared the results of its study examining the importance of continuous in-store merchandising execution data in helping health and beauty brands drive increased return on investment during awards season. 
     

  • Target’s bottom line impacted by sale of pharmacy business

    MINNEAPOLIS — Target’s sale of its pharmacy and clinic business to CVS Health, along with a 1.5% comparable store sales decrease led fourth-quarter sales to decline 4.3% year over year to $20.7 billion.

    However, the pharmacy sale did provide a boost to its selling, general and administrative expense rate, which dropped to 17.5% in its 2016 fourth quarter, compared to 18.1% in the same time period in 2015.

    Overall, Target reported Q4 adjusted earnings per share of $1.45 per share, down 4.6% versus 2015, falling short of Wall Street analyst estimates.

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