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Wal-Mart Continues Canadian Investment, Takes Over 12 Target Locations
Friday, May 8, 2015 - 10:13am | 302Target Corporation (NYSE: TGT)'s complete exit from its Canadian operations served as confirmation that its foray outside of the U.S. was not a successful one. Target expanded to Canada in 2013 and by January 2015 the company operated 133 locations across the country before Target Canada filed for...
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Target Says It Has Received Canadian Government Approval To Wind Down Its Operations
Thursday, January 15, 2015 - 11:27am | 247After announcing that it will exit the Canadian market, Target (NYSE: TGT) confirmed it has obtained an Initial Order from the Ontario Superior Court of Justice for creditor protection under the Companies' Creditors Arrangement Act. The order allows Target Canada to proceed with a court-...
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Target Says Au Revoir To Its Canadian Operations, Plans To Fully Exit Canada
Thursday, January 15, 2015 - 10:10am | 304Target Corporation (NYSE: TGT) on Thursday made the difficult decision to fully exit its Canadian operations after less than two years in operations. The company has already filed an application for protection under the Companies Creditors Arrangement Act with the Ontario Superior Court of...
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Brian Sozzi Suggests Target May Soon Decide On Canada
Friday, January 2, 2015 - 1:54pm | 319The new Target Corporation (NYSE: TGT) “Chairman and CEO Brian Cornell is poised to make one of the biggest decisions of his professional career: whether to pull his new employer completely out of Canada, where it currently has 133 stores,” according to Belus Capital Advisors'...
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Brian Sozzi: 3 'Headline-Grabbing' Surprises To Follow In 2015
Tuesday, December 9, 2014 - 9:32am | 307Brian Sozzi of Belus Capital Advisors wrote in an article on The Street that 2014 was full of “headline-grabbing” surprises for retailers and investors can expect many more in 2015. Sozzi lists three themes to look out for in 2015. Teen Apparel Store Closures According to Sozzi, specialty retailers...
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Credit Suisse On Target: Much More Work To Be Done
Wednesday, November 19, 2014 - 3:39pm | 196Michael Exstein of Credit Suisse reiterated a Neutral rating on Target Corporation (NYSE: TGT) on Wednesday with a price target raised to $63 from $55, after the company's third-quarter results. "Target eked out moderate top-line growth in the U.S. and Canada, but at the cost of continued intense...
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Analysts Reactions Mixed Following Target's Q2 Results
Thursday, August 21, 2014 - 2:57pm | 931By most measures, Target (NYSE: TGT) reported disappointing second quarter results Wednesday. Target pre-announced its second quarter results on August 5. At that time the retailer cut its second quarter earnings to $0.78 from a prior guidance of $0.85 to $1.00. On Wednesday, Target reported...
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Target's Q2 Conference Call Highlights
Wednesday, August 20, 2014 - 4:04pm | 1050Target (NYSE: TGT) reported its second quarter results Wednesday morning. The retailer earned $0.78 per share, falling short of the consensus estimate by a penny. Revenue of $17.4 billion came in $20 million better than expected. Contained within Target's quarterly report was a downward...
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Cramer's Watchlist: Target And Lowe's Rebound As Hertz Remains In The Red
Wednesday, August 20, 2014 - 12:28pm | 537Mixed earnings results led to some volatile movement Wednesday morning. Jim Cramer noted a handful of stocks in pre-market session. Below is a look at how stocks in Cramer's "watchlist" were performing heading into Wednesday's afternoon trading session. $TGT, $HTZ, $AGN--...
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Markets Higher In Another Quiet Session Ahead Of Expiration Of Ceasefire Between Israel And Hamas
Wednesday, August 13, 2014 - 4:43pm | 2982U.S. stocks rose for the third time in four days bringing the Dow back into positive territory for the year. Investors appeared to brush up poor retail sales from Macy's while focusing on business inventories that rose in June. On the international front, Ukraine said it would not allow...
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Markets Marginally Lower In Quiet Trading Session
Tuesday, August 12, 2014 - 4:40pm | 2553U.S. stocks were marginally lower, as investors and traders may be waiting on the sidelines for further clarity on geopolitical tension. Volume was lighter than usual, as the composite volume on the New York Stock Exchange was 2.2 billion right before the closing bell. Typically, 2.1 billion...
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Ukraine Tension Prominent As Dow Suffers Triple Digit Loss; S&P 500 & NASDAQ Also Lower
Tuesday, August 5, 2014 - 4:46pm | 3092U.S. stocks declined and erased Monday's gains following reports that Russian troops were lining on the borders of Ukraine and preparing for an invasion, according to comments made by Poland's Foreign Minister. “Unfortunately, Russia has restored its combat readiness on the...
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Retail Analyst Brian Sozzi On Target: A Picture Is Worth A Thousand Words
Tuesday, August 5, 2014 - 4:31pm | 370Retail analyst Brian Sozzi of Belus Capital Advisors is no stranger to conducting “on the ground” research, to form his own personal analysis. In fact, Sozzi was one of the first analysts to make it clear that Target (NYSE: TGT) has a major inventory problem in Canada. Consider...
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Market Wrap For May 21: Fed's Minutes Support Wednesday's Bull Run
Wednesday, May 21, 2014 - 4:37pm | 2652U.S. stocks rose at the opening bell and continued to rise throughout the trading session. Investors and traders breathed a sigh of relief when the Federal Reserve indicated a rate hike is not likely in the short term. According to the Fed, it is examining multiple strategies to tighten its...
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Market Wrap For May 20: Markets Sharply Lower On Fed Talk, Disappointing Earnings
Tuesday, May 20, 2014 - 4:42pm | 2471U.S. stocks declined following troubling words from a Federal Reserve official. In a speech delivered Tuesday, the Fed's Charles Plosser hinted that the Federal Reserve should reduce the pace of its asset purchases in measured steps but an increase in interest rates “may come sooner than many...