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Target to Extend 'Bonus Black Friday' Sales This Month

Target Corp. (TGT) said it was extending its summer online-only "Bonus Black Friday" sale to two full days and will hold its first-ever "Summer Cyber Week" sale. The big-box retailer's move comes as many retailers are searching for ways to boost sales amid the lagging economy. Several stores have started back-to-school sales and introduced fall lines early, while some--like Target--have pushed "Christmas in July" sales to expand the spending season beyond the November and December deluge. The summer Black Friday sale, which Target started two years ago, is scheduled for Friday and Saturday, and the Cyber Week sale will go on all next week. The retailer said customers will find "Black Friday-like" deals on more than 2,000 items on Target.com, including toys, movies and apparel. Like its larger rival Wal-Mart Stores Inc. (WMT), Target is still contending with a slow recovery in the U.S. economy that has left many of its core lower-income shoppers extremely cautious with spending. In May, Target said its fiscal first-quarter earnings edged up, helped by a stronger-than-expected top line. Shares closed down 45 cents at $61.50. The stock is up 20% so far this year. Write to Ben Fox Rubin at ben.rubin@dowjones.com

Stock News for Target (TGT)
DateTimeHeadline
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03/03/201718:18:04Statement of Changes in Beneficial Ownership (4)
03/03/201703:02:00Bookseller Blames Online Shopping -- WSJ
03/02/201716:46:35Statement of Changes in Beneficial Ownership (4)
03/02/201716:46:08Statement of Changes in Beneficial Ownership (4)
03/01/201706:58:00Today's Top Supply Chain and Logistics News From WSJ
03/01/201703:02:00Target Gets a Lesson That Low Prices Matter -- WSJ
02/28/201714:58:00Target Slashes 2017 Outlook as Holiday-Quarter Sales Fall...
02/28/201712:47:00Target Slashes 2017 Outlook as Holiday-Quarter Sales Fall...
02/28/201709:01:00Target Slashes 2017 Outlook as Holiday-Quarter Sales Fall...
02/28/201707:47:00Target Offers Downbeat 2017 Outlook as Sales Fall
02/28/201706:33:56Current Report Filing (8-k)
02/28/201706:30:00Target Reports Fourth Quarter and Full-Year 2016 Earnings

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