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Target Hires Ad Agency Executive Jeffrey Jones As Marketing Chief

DOW JONES NEWSWIRES Target Corp. (TGT) named Jeffrey J. Jones II executive vice president and chief marketing officer, putting a former advertising agency executive in charge of its campaigns. The discount retailer said Jones, 44 years old, was partner and president of McKinney, an advertising agency based in Durham, N.C. Prior to McKinney, Jones held several leadership positions at Gap Inc. (GPS), including chief marketing officer. Former Target Chief Marketing Officer Michael Francis left the company in October to become president of J.C. Penney Co. (JCP). Target, the nation's second-largest retailer by sales behind Wal-Mart Stores Inc. (WMT), has struggled as consumers, particularly lower-end shoppers, tightly manage spending in the face of higher gasoline prices and food costs. The company has looked to boost sales by adding fresh groceries at stores in an effort to draw in customers for these items and then have them move on to its other departments. Target in February reported its fiscal fourth-quarter revenue rose 3% though earnings slipped 5.2% as the company wrestled with muted sales during the critical holiday selling season. Shares closed Friday at $58.27 and were inactive premarket. The stock has risen 14% so far this year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Jc Penney (JCP)
DateTimeHeadline
08/15/201409:53:14U.S. Hot Stocks: Hot Stocks to Watch
08/15/201408:23:20MARKET SNAPSHOT: U.S. Stocks: Futures Up; Consumers May Be In...
08/14/201416:21:51MARKET SNAPSHOT: U.S. Stocks Rise Modestly; Berkshire Tops $200K
08/14/201411:50:23MARKET SNAPSHOT: U.S. Stocks Edge Higher; Retailers In Focus
08/14/201409:49:26MARKET SNAPSHOT: U.S. Stocks Open Higher; Wal-Mart Cuts Outlook
08/14/201409:23:21MARKET SNAPSHOT: U.S. Stocks: Futures Turn Flat After Jobless...
08/14/201408:11:12MARKET SNAPSHOT: U.S. Stocks: Futures Stay Up After Wal-Mart...
08/14/201406:44:38MARKET SNAPSHOT: U.S. Stocks: Futures Edge Up With Wal-Mart Results...
07/18/201418:59:09GE Seeks to Raise $3.1 Billion in Synchrony Financial IPO...
05/16/201417:19:06MARKET SNAPSHOT: U.S. Stocks End Higher As 'buy The Dip' Takes...
05/16/201414:49:43MARKET SNAPSHOT: U.S. Stocks Set For Weekly Losses
05/15/201417:19:23MARKET SNAPSHOT: U.S. Stocks Fall; S&P 500, Dow Worst Decline...
05/15/201417:15:53Soros Sells Out of J.P. Morgan, Bank of America, Citigroup
05/15/201413:56:42MARKET SNAPSHOT: U.S. Stocks Sell Off; Dow In Triple-digit Loss
05/12/201407:38:05MARKET SNAPSHOT: Tech, Small-cap Stock Slide May Give Way To...
05/05/201422:30:45Apple Retail Chief Given $68 Million in Restricted Stock
03/24/201414:53:40J.C. Penney CEO to Get Raise
03/13/201413:55:08GE Files for IPO of North American Retail Finance Arm -- 2nd...
03/11/201416:52:50MARKET SNAPSHOT: U.S. Stocks Fall; Energy Stocks Sell Off
03/11/201412:38:22MARKET SNAPSHOT: U.S. Stocks Edge Lower In Choppy Trading

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