Tag Archives: Target

Walmart and Target push to lower credit card fees | CNN

Frustrated by extra credit card fees when you shop?

A pair of bipartisan bills in Congress aim to lower the swipe fees, also known as interchange fees, that retailers pay every time a customer makes a purchase with their card. The effort is backed by retail giants including Walmart, (WMT) Target (TGT), and Kroger (KR), as well as convenience stores and independent grocers.

“Swipe fees for credit cards are higher in the United States than anywhere else in the industrialized world — more than seven times as high as Europe,” a coalition of businesses wrote in a letter to lawmakers last week. “They are an inflation multiplier.”

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Target and TJ Maxx are killing department stores | CNN

Department stores like Macy’s have a big problem, and it’s not Amazon: Discount retailers Target and TJMaxx continue to take their customers.

Macy’s struggled during its latest quarter, adding to a string of poor results at department stores. This comes as lower-priced retailers grow sales and consumer spending in the United States remains strong. Americans are still shopping, but they are hunting for bargains elsewhere.

Macy’s posted a sales decline of 3.9% at stores open for at least a year, the company said Thursday.

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What CVS buying Target pharmacy means for prices | Business Insider

CVS is buying Target’s pharmacy business for $1.9 billion.

The deal means the discount retailer’s 1,660 pharmacy locations will become CVS-branded units.

CVS’ acquisition could set off a series of similar deals as cost pressures hurt profits at grocery-store pharmacies, Reuters reports.

“Target pharmacies helped drive overall sales at the chain but lost money, as the government healthcare program known as Obamacare expanded ranks of insured and increased pressure on cost,” Reuters writes.

While outsourcing operations to CVS could help the bottom line at companies, it could be bad news for consumers.

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On Target: How to Identify, Attract and Keep Your Ideal Customer | American Express

Help keep your sales flowing by marketing to the right customers in the

right way.

NOVEMBER 12, 2014 One of the biggest concerns of running a small business is finding new prospects to keep your sales pipelines full. You can panic if you have no systematic plan on how to identify who your perfect customer is, where to find them and how to nurture them to a sale.

So how can you identify, target and nurture your new prospects until they become your ideal customers?

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3 major challenges waiting for Target’s new CEO | Fortune.Management.cnn.com

FORTUNE — It takes a lot to unseat a chief executive officer who has spent his entire career — 35 years — with his company. But the exposure of 110 million customers’ personal and payment data does the trick, apparently.

Following an attack by hackers who captured customer information this past holiday season, Target Corp. (TGT) CEO Gregg Steinhafel is out after resigning Monday. The retailer’s current chief financial officer John Mulligan will temporarily replace Steinhafel. While the data breach was likely the main impetus for Steinhafel’s ouster, Mulligan and whoever comes in as Target’s permanent CEO have a lot more than cybersecurity issues to worry about.

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