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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
11/13/201417:13:13MARKET SNAPSHOT: U.S. Stocks Advance; Dow Posts 25th Record Close...
11/13/201412:28:12MARKET SNAPSHOT: U.S. Stocks Erase Gains As Oil Plunges
11/13/201410:25:10MARKET SNAPSHOT: U.S. Stocks Rise; Wal-Mart Jumps On Results
11/13/201409:31:38MARKET SNAPSHOT: U.S. Stocks: Futures Pare Gains; Jobless Claims...
11/13/201407:51:59MARKET SNAPSHOT: U.S. Stocks: Futures Rise With Wal-Mart, Jobless...
11/13/201406:03:31MARKET SNAPSHOT: U.S. Stocks: Futures Rise As Wal-Mart, Jobless...
11/09/201406:17:27MARKET SNAPSHOT: Retail Earnings To Test Those Consumer Sentiment...
10/23/201419:49:24Apple's Ex-Retail Chief Readies Service for Web Shoppers
10/13/201416:41:12MARKET SNAPSHOT: U.S. Stocks End Monday Sharply Lower On Late...
10/13/201416:04:10MARKET SNAPSHOT: U.S. Stocks Build On Last Week's Losses
10/13/201415:59:37MARKET SNAPSHOT: U.S. Stocks Build On Last Weeks Losses
10/13/201413:47:36MARKET SNAPSHOT: U.S. Stocks Drift Higher Off Day's Lows
10/13/201411:12:37MARKET SNAPSHOT: U.S. Stocks Drop; S&P 500 Falls Below 1,900
10/13/201410:27:05MARKET SNAPSHOT: U.S. Stocks Flip-flop After Brutal Losses
10/13/201409:58:24MARKET SNAPSHOT: U.S. Stocks Inch Higher; CSX Corp Jumps
10/13/201409:56:31MARKET SNAPSHOT: U.S. Stocks Inch Down; CSX Corp Jumps
10/09/201417:11:36U.S. Hot Stocks: Hot Stocks to Watch
09/09/201409:10:11J.C. Penney to Offer $350 Million in Notes
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

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