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CORRECT:Target Expanding Apple Assortments In Test Locations

(In "Target To Test With Apple In 25 Stores, Expand Other Offerings" published at 10:05 a.m. ET and an update published at 11:59 a.m, the test Apple Inc. product displays within Target stores were incorrectly identified as "stores-within-stores". The correct version follows:) -- Target to operate "stores-within-stores" with several retailers, -- Target adding enhanced Apple product line in 25 locations -- Retailer announces new share buyback plan By Karen Talley Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Target Corp. (TGT) is revamping its stores, introducing "stores-within-stores" offering exclusive merchandise from several vendors and testing 25 locations with new in-store Apple Inc. (AAPL) displays. The retailer's Apple operations will have a "unique display and assortment," said Target spokeswoman Dustee Jenkins, who described the move as "a test." A teaming with Apple on a broadened assortment would be a coup for Target since Apple's own stores are so successful. The retailer cited "softness" in consumer electronics sales as a contributor to December same-store sales that missed analysts' expectations. Target will also join other retailers in offering exclusive merchandise under the "store-within-a-store" concept in which sections of stores are dedicated to certain designers' or vendors' wares. J.C. Penney Co. (JCP) and Macy's Inc. (M) are successfully running similar operations. Target has chosen five initial partners for its "The Shops At Target." The vendors range from purveyers of south Florida fashions to San Francisco-based candy. The goal is to continue Target's designer partnerships, which began in 1999. The latest exclusive merchandise sold at Targets has been designed with company input and will be available at stores all starting May 6. The products will be limited editions with Target already having a line up for next year. Target also announced Thursday it would be embarking on a new $5 billion stock buyback plan upon completion of its current $10 billion buyback plan. Target shares recently changed hands at $49.32, up 24 cents, while Apple shares slipped $2.26 to $420.29. -By Karen Talley, Dow Jones Newswires; 212-416-2196; karen.talley@dowjones.com

Stock News for Jc Penney (JCP)
DateTimeHeadline
04/18/201517:10:03Oops! J.C. Penney Company Inc. Accidentally Lets Slip It's Having...
04/16/201520:00:04Is Men's Wearhouse Stock a Buy?
04/16/201517:29:03Statement of Changes in Beneficial Ownership (4)
04/16/201516:28:59JCPenney Named One of America's Best Employers for 2015
04/15/201502:26:04Penney Sees Same-Store Sales Up 3.5%-4.5% in 1Q
04/14/201508:54:19Current Report Filing (8-k)
04/13/201517:27:25Statement of Changes in Beneficial Ownership (4)
04/13/201500:42:18If You Absolutely Must Own Retail, Look For Debt-Free Dividend...
04/08/201523:11:43J.C. Penney: Sentiment Nearing Overly Optimistic Area Again
04/08/201514:06:023 Promising Retail Stocks Trading Under $10
04/06/201519:00:03Spoiler Alert: Apple Watch Won't Save the Mall
04/06/201511:27:00JCPenney Earns Good Housekeeping Seal For Over 75 Home Products
04/05/201515:00:022 Retail Stocks Wall Street is All Wrong About
04/03/201507:23:08What's With All The J.C. Penney Upgrades?
04/02/201503:44:38Stick Around, J.C. Penney Isn't Going Out Of Business
04/01/201515:22:39Companies Step Into Fray Over Religious-Freedom Laws
03/31/201517:47:47Statement of Changes in Beneficial Ownership (4)
03/31/201508:04:22Piper Jaffray sees a big run for J.C. Penney
03/30/201508:17:17Expansions In Both Store And Online Operations Will Benefit J.C...
03/30/201505:15:48Comparing America's Next 3 Department Stores Companies

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