Showing posts with label Target. Show all posts
Showing posts with label Target. Show all posts

Monday, November 02, 2015

Springfield, Ohio Lost Its Target!

Target announces another round of closings. Springfield, Ohio loses its only store.

Springfield, Ohio was dealt a blow. The Minneapolis based retailer announced another round of closings. The closings are affecting areas where they claim sales are in decline.

In the latest rounds of closings, the First Avenue location is on the list. The only Target store in the area will close in January.

That leaves Dayton metropolitan area four area locations. Huber Heights, Beavercreek, Centerville, and Miamisburg locations are still open for the time being.

Since 2013, the areas surrounding the Upper Valley Mall and Bechtle Avenue shopping district were hit with retail closing up.

When it was announced J.C. Penny and Macy's were closing in the same period, it put the nail in the coffin for the Upper Valley Mall. It's now declared a dead mall.

Springfield Ohio's only Target store is closing.
The mall is in receivership and the property's only anchor store Sears is considering closing.

The property hasn't secure a major anchor since the announcement.

The Bon Ton Corporation which owns Dayton-based Elder-Beerman closed first. Then Macy's and later J.C. Penny.

The Springfield city and township leaders are hoping that Hobby Lobby and Dick's Sporting Goods brings a little bit of good news to the area.

The Columbus area took a hit as well. Despite having the Hollywood Casino in the area, the Westland Mall is officially dead and everything around it is dying as well.

The Target Graceland location on West Broad Street in Columbus, Ohio is closing in January.

Target had closed all its Canadian stores in 2014-15. The 133 stores operated independently of the Target Corporation. It pull completely out of the country.

Target is trying to rebrand its image. They recently aired promotional for The Peanuts Movie and a cameo appearance from Brian and Stewie from Fox's Family Guy.

Monday, May 05, 2014

Target Fires CEO!

After today, the Target store in Trotwood, Ohio will officially close.

It's ironic that I happened to travel through the ghost town today. The local Target store today was boarding up its doors and it was taking down its sign. People were still inside shopping and some were exiting.

Target announced in December that they were closing up the store. Many residents were furious that the last national retail/grocer store is bailing out on the city.

That "ghost town" is Trotwood, Ohio, an inner suburb of Dayton has a terrible legacy. The city annexed most of the rural Madison Township in 1997 and became a city. When that occurred, the Ohio State Route 49 realigned from the formerly busy Salem Avenue to the outskirts of west Dayton.

Trotwood had a whole lot of anchor stores and businesses around the Salem Mall. Then all of sudden, the anchor stores to the mall close up shop and gradually it lead to the downfall of the once thriving community.

Now Trotwood and Middletown, Ohio are some of the cities scheduled to lose Target stores.

After desperate pleas from residents and city leaders, the megastore is closing up shop at least in these communities. They claim that sales at the Target stores were low and the best thing for the company to do is close up shop. Of course you can visit Huber Heights, Sugarcreek Township, Miami Township, Beavercreek and Springfield's locations. If you have to travel by bus, I guess it's an hour and half ride.

For a drive it's about 35 -60 minutes to each location respectively. Losing Target signals that most of the companies in the area are looking to drop Dayton for investments.

This is a major restructuring for the company. Last year the company suffered some negative publicity after it was revealed that hackers got into the company's website and stole credit card information from shoppers.

Target fires CEO.
Target was investigating a major data breach "potentially involving millions of customer credit and debit card records." The report quickly spread across news channels. On December 19, Target confirmed the incident via a press release, revealing that the hack took place between November 27 and December 15, 2013.

Target warned that up to 40 million consumer credit and debit cards may have been compromised. Hackers gained access to customer names, card numbers, expiration dates, and CVV security codes of the cards issued by financial institutions. On December 27 Target disclosed that debit card PIN data had also been stolen, albeit in encrypted form, reversing an earlier stance that PIN data was not part of the breach. Target noted that the accessed PIN numbers were encrypted using Triple DES and has stated the PINs remain "safe and secure" due to the encryption.

On January 10, 2014, Target disclosed that the names, mailing addresses, phone numbers or email addresses of up to 70 million additional people had also been stolen, bringing the possible number of customers affected up to 110 million.

Now all of sudden, the company is planning on releasing its CEO/president Gregg Steinhafel.

He has been the company's president since 1999, and has been with the company since 1979.

He became Chief Executive Officer in 2008.

He resigned on May 5th, 2014 due to the fallout from a massive consumer data breach in December 2013.

He will take a severance package $55 million on his way out.

Target's public stock took a nosedive after the announcement came forth.



Tuesday, December 17, 2013

Queen Bey Goes Platinum And Gets Banned At Target!

A black background; the word "BEYONCÉ" is stylized in pink font and located in the center of the image.
Platinum selling album is banned in Target.

Beyonce Knowles is the queen of pop. She is aiming high off the charts. The pop singer reached platinum with over 1 million digital downloads of her self-titled fifth album.

Okay, the list of platinum selling acts in the hip-hop genre include Drake, Lil' Wayne, Kanye West, Eminem, Jay-Z, Justin Timberlake, Kendrick Lamar, and now Beyonce.

People were downloading that album at such a fast pace, she was declared platinum by RIAA.
Smiling all the way to the bank. Beyonce's album goes platinum.
The album garnered acclaim from critics who commended its experimental production and Knowles' vocal ability. In the US, Beyoncé debuted at number one on the Billboard 200 with three-day sales of 617,213 digital copies, giving Knowles her fifth consecutive number-one. It became her highest first-week sales of her solo career, and the best-selling debut week for a female artist in 2013. "XO" was chosen as the lead single for both the U.S. and worldwide; while "Drunk in Love" is being released to urban radio in the US only.

Also her former sponsor is not carrying her album. The album release is coming out before Christmas and Target is not carrying the album.

The company kind of pissed that Beyonce didn't announce the digital buy through their website.

The Huffington Post reports that the Minnesota based company decided to not sell her album.

Target has opted out of selling "Beyonce" at its stores once iTunes' exclusive sale ends after Dec. 18, according to Billboard. Retailers are expected to have the album on shelves by Friday, Dec. 20, but it likely won't come with any bonus material or exclusive content.

"At Target we focus on offering our guests a wide assortment of physical CDs, and when a new album is available digitally before it is available physically, it impacts demand and sales projections," Target spokesperson Erica Julkowski told Billboard. "While there are many aspects that contribute to our approach and we have appreciated partnering with Beyonce in the past, we are primarily focused on offering CDs that will be available in a physical format at the same time as all other formats. At this time, Target will not be carrying Beyonce's new self-titled album 'Beyonce.'"

A representative from Target was not immediately available for further comment.

Back in 2011, Beyonce partnered with Target for the release of "4" with a deluxe version of the album. At the time, Target’s vice president of entertainment, John Butcher, told The Hollywood Reporter that the superstar singer had saved some of her favorite tracks just for the retail chain.

This time around, Beyonce's only target was her fans.

She released her self-titled album on Dec. 13 without any promotion or fanfare. The work came complete with 14 songs and 17 videos, making it an immersive "visual album."

"Now ... it's all about the single and the hype," Beyonce said. "It's so much that gets between the music and the artist and the fans. i felt like I don't want anybody to give the message when my record is coming out. I just want this to come out when it's ready and from me to my fans ... I would make my best art and just put it out."

The 32-year-old is certainly is doing just fine without Target. "Beyonce" has already shattered records selling 828,773 copies over the weekend. It's set to debut at No. 1 on the Billboard chart.

LinkWithin

Related Posts with Thumbnails