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TGT - Target - Page 3

post #41 of 56


breakout city
 

Quote:
Originally Posted by ze20001984 View Post

tgt is a big boy...

 

it will be a matter of days before it fills the gap..

 

keeping on eye on it



 

post #42 of 56
Quote:
Originally Posted by OldFart View Post

breakout city

breakin out again

 

post #43 of 56

looks like it may head to $70 next week...looking strong to me

post #44 of 56

energizer rabbit here...

post #45 of 56

Look good for a trade up to $65 but thats about it. 

post #46 of 56

Anyone think the data breach may hurt the share price?

post #47 of 56
well it hasnt yet...PPS is actually a bit higher than when story first broke ...But it prolly wont help lol...The thing to look at now is their next earnings report as it compares to a year ago 'comps' period ending jan. 2014 to see how it impacted sales from the point of the 'breach' forward. Then you could see some adjustments in the share price indirectly related to the credit card story...next earnings is due 2/14/14. look in to the report and see , they may even mention it as having an effect ...we shall see
post #48 of 56
Target to Cut 475 Jobs
5 days 23 minutes ago - DJNF

By John Kell
Target Corp. is laying off about 475 employees, joining a growing number of retailers that have announced job cuts in the wake of a challenging holiday season that was stung by big discounts and muted demand.

"Today we informed our team that approximately 475 positions are being eliminated world-wide," Target said in a statement. "We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business."
Target's job cuts are relatively small, as the retailer employees about 360,000 globally.
Target has generated headlines since the retailer confirmed in mid-December that hackers uploaded software into its system to steal customer data over the holidays. The company's sales were weaker following the data breach, which led it to temper expectations for the fiscal fourth quarter.
post #49 of 56
Quote:
Originally Posted by hempick View Post

Anyone think the data breach may hurt the share price?

could be now...or a comb of things
post #50 of 56
Quote:
Originally Posted by kevin1612 View Post

Target to Cut 475 Jobs
5 days 23 minutes ago - DJNF

By John Kell
Target Corp. is laying off about 475 employees, joining a growing number of retailers that have announced job cuts in the wake of a challenging holiday season that was stung by big discounts and muted demand.

"Today we informed our team that approximately 475 positions are being eliminated world-wide," Target said in a statement. "We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business."
Target's job cuts are relatively small, as the retailer employees about 360,000 globally.
Target has generated headlines since the retailer confirmed in mid-December that hackers uploaded software into its system to steal customer data over the holidays. The company's sales were weaker following the data breach, which led it to temper expectations for the fiscal fourth quarter.

 

Note they said the cuts are small.  I can tell you from personal knowledge they include key positions related to new store development.  I will be shorting on the next bounce.

post #51 of 56
Head-and-shoulders-esque pattern on the weekly:
YxhrcqAz
post #52 of 56
Yea. Pretty wel defined
post #53 of 56
Quote:
Originally Posted by onepoint272 View Post

Note they said the cuts are small.  I can tell you from personal knowledge they include key positions related to new store development.  I will be shorting on the next bounce.
surw small in numbers ...but gotta wonder bout size in avg salary per position and savings in benefits
post #54 of 56
Quote:
Originally Posted by kevin1612 View Post


surw small in numbers ...but gotta wonder bout size in avg salary per position and savings in benefit

 

Maybe, but it appears the brakes have been applied to new store growth (new revenue generation).  It takes a lot of planning, real estate acquisition, deal making, local political smoozing, permit acquisitions, engineering, etc., to get a new store built.  Obviously you can't pull someone off register 4 to take care of that.

post #55 of 56
Target tech chief resigns as it overhauls security
AP 3 hr ago | By By ANNE D'INNOCENZIO of AP

NEW YORK (AP) - Target Corp. Chief Information Officer Beth Jacob is resigning effective Wednesday as the retailer overhauls its information security and compliance division in the wake of a massive pre-Christmas data breach.

Target Chairman, President and CEO Gregg Steinhafel said in a statement released to The Associated Press that the company will search for an interim chief information officer who can help guide the company through the transformation. Jacob had been in her current role since 2008 and oversaw teams in the U.S. and India.

The resignation reflects the pressure that the nation's second-largest discount retailer faces as it tries to restore its reputation among investors and shoppers nervous about the security of their personal data.

Target said Jacob's resignation was her decision. But analysts say Jacob, who brought a series of technology initiatives to Target's stores and its website, was a scapegoat.

"Target has been obviously impacted. People are questioning Target's security. And she was the fall guy," said Walter Loeb, a New York-based independent retail consultant.

Target disclosed on Dec. 19 that the data breach compromised 40 million credit and debit card accounts between Nov. 27 and Dec. 15. Then on Jan. 10 it said hackers also stole personal information — including names, phone numbers, and email and mailing addresses — from as many as 70 million customers.

Target has said it believes hackers broke into its network by infiltrating the computers of a vendor. Then the hackers installed malicious software in the checkout system for Target's estimated 1,800 U.S. stores.

Target, based in Minneapolis, also plans to look outside the company for a chief information security officer and a chief compliance officer. Before the overhaul, information security functions were split among a variety of executives. Target's new chief information security officer will centralize those responsibilities, the company said.

Compliance duties were previously overseen by Target's current vice president of assurance risk and compliance, who already had plans to retire at the end of March. Now, Target is separating the responsibility for assurance risk and compliance.

Target also said it is working with an outside adviser, Promontory Financial Group, to evaluate its technology, structure, processes and talent as part of the overhaul.

"While we are still in the process of an ongoing investigation, we recognize that the information security environment is evolving rapidly," Steinhafel said in a statement.

Target will be facing fallout from the theft for a while. The company said last week that its fourth-quarter profit fell 46 percent on a revenue decline of 5.3 percent as the breach scared off customers.

Target said sales have been recovering as more time passes since news of the breach. But the company expects business to be muted for some time. It issued a profit outlook for the current quarter and full year that was below Wall Street estimates as it faces hefty costs related to the breach.

Steinhafel told investors last week that Target has updated shoppers early and often on the investigation and is offering free credit monitoring for a year for any customer shopping at a Target store who wants it.

The company is also equipping its locations with more security technology. Target is accelerating its $100 million plan to roll out chip-based credit card technology, which experts say is more secure than traditional magnetic stripe cards.

Target's breach may eventually eclipse the biggest known data breach at a retailer, one disclosed in 2007 at the parent company of TJ Maxx that affected 90 million records.

In a posting last week on a company blog, Steinhafel said, "In the weeks ahead, we hope to understand more about how this attack happened. And will use what we learn to inform our guests, make Target a safer place to shop and to drive change across the broader retail industry."

In a letter to Steinhafel furnished by Target, the outgoing Chief Information Officer Jacob said that resigning was a "difficult decision," but she said that "this was a time of significant transformation for the retail industry and for Target." She did not mention the data breach.

During her tenure as chief information officer, Jacob received attention for helping Target respond more quickly to shoppers' shift to researching and buying on mobile devices.

That included a mobile app called Cartwheel, which combines social networking and discounts. She also oversaw Target's innovation lab that opened last May in San Francisco. The lab looks at futuristic technology, such as how wearable gadgets like smart watches might be used in its stores.

Shares of Target are down 87 cents to $60.46 in midday trading Wednesday. The stock is down a little over 3 percent since the breach was disclosed
post #56 of 56

Target–The retail giant has tapped PepsiCo Executive Brian Cornell as its next chief executive. Ex-CEO Gregg Steinhafel departed in May in the wake of Target's failed Canada expansion and the massive customer data breach late last year.

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