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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 [email protected]

Stock News for Target (TGT)
DateTimeHeadline
02/23/201708:00:00Target Corporation to Webcast Presentation to Investors on February...
02/21/201710:18:00Wal-Mart Posts Strong Holiday Sales, But E-Commerce Battle With...
02/21/201707:57:00Wal-Mart, Spending to Fend off Amazon, Posts Earnings Decline...
02/15/201718:58:00Retail CEOs Meet With Trump Over Border Tax Concerns -- Update
02/15/201714:16:00Retail CEOs Meet With Trump Over Border Tax Concerns
02/14/201711:38:10Statement of Ownership (sc 13g)
02/10/201706:09:23Amended Statement of Ownership (sc 13g/a)
02/03/201703:02:00Amazon's Profit Exceeds Target -- WSJ
02/02/201719:51:00Amazon's Profit Jumps, But Sales Growth Disappoints--3rd Update
02/02/201718:02:00Exporters Tout Benefits of Republicans' 'Border Adjustment' Proposal--Update
02/02/201706:29:00Exporters Tout Benefits of Republicans' 'Border Adjustment' Proposal
01/31/201716:51:34Statement of Changes in Beneficial Ownership (4)
01/31/201716:48:07Initial Statement of Beneficial Ownership (3)
01/29/201716:29:00What We Know About Border Adjustment and How It Would Work
01/27/201706:05:41Amended Statement of Ownership (sc 13g/a)
01/25/201721:39:00Mattel Shares Tumble After Reporting Weak Holiday Sales -- 2nd...
01/25/201718:12:00Mattel Shares Tumble After Reporting Weak Holiday Sales -- Update
01/19/201717:15:00Target Names Rick Gomez as Company's Chief Marketing Officer
01/19/201707:00:00Target Announces Major Push into Soccer in the U.S.; Becomes...
01/19/201703:02:00Holiday Sales Sap Target -- WSJ

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