Minnesota Business magazine announced that its November/December edition will be its final issue before ceasing operations. According to a reported statement by executive editor Megan Effertz in Minneapolis/St. Paul Business Journal, the publication’s nine staffers will be reassigned within Tiger Oak Media Inc.—the Minneapolis, Minn.- and Seattle, Wash.-based owner of Minnesota Business—which is the parent company of several other business, bridal, lifestyle, and meeting and events titles including Minnesota Bride and Minnesota Meetings + Events. The brand’s website will shut down at the end of the year. Click read more below for additional detail.
Target Corporation (NYSE: TGT) today announced that its comparable sales in the combined November/December period grew 5.7 percent, on top of 3.4 percent growth in the same period last year. Results reflected strong traffic, positive store comps and comparable digital sales growth of 29 percent. Target expects that 2018 will be the fifth consecutive year in which its digital sales grow more than 25 percent.
Brian Cornell, chairman and Chief Executive Officer of Target Corporation, said, “We are very pleased with Target’s holiday season performance, which came on top of really strong results in the same period last year. This performance demonstrates the benefit of placing our stores at the center of every way we serve our guests, including both in-store shopping and digital fulfillment.
Given our fourth quarter outlook, we are on track to deliver Target’s strongest full-year comparable sales growth since 2005, market-share gains across all of our core merchandising categories, and double digit growth in Adjusted EPS. In 2019, we expect to build on this momentum as we gain further scale in our fulfillment capabilities and deliver profitable growth throughout the year.”
Target continues to expect fourth quarter 2018 comparable sales growth of approximately 5 percent. For the full year, the Company continues to expect Adjusted EPS of $5.30 to $5.50 and GAAP EPS of $5.41 to $5.61. The 11-cent difference between expected full-year Adjusted EPS and GAAP EPS is driven by discrete items already reported through third quarter 2018.
more at: http://investors.target.com/phoenix.zhtml?c=65828&p=irol-newsArticle&ID=2382923