Content about Doug Scovanner

November 1, 2011

Target announced that Doug Scovanner will retire as EVP and CFO on March 31, 2012.

May 23, 2011

Target CFO Doug Scovanner moderated analysts’ second-quarter and full-year earnings expectations slightly, although it can at times be difficult to tell given the language used to communicate in the Wall Street guidance game.

For example, Scovanner noted that analysts’ consensus estimate for second-quarter earnings per share of $1 seemed potentially achievable, but was above the midpoint of a range of likely outcomes. He also applied similar language to analysts’ full-year earnings per share estimate of $4.23, noting that it too seemed above the midpoint of a reasonable range.

May 20, 2011

Target Corp. plans to spend more than it had forecast this year on its entry into the Canadian market as it nails down more of the best retail locations sooner than expected.

February 28, 2011

Target is set to report February same-store sales this Thursday and offer the first data point of the new fiscal year in which same-store sales are forecast to increase in the range of 4% to 5%. For February, the company has forecast a low single-digit increase and last week in conjunction with the release of fourth-quarter results confirmed it was on track to meet the low single-digit number.

As for the full year and the projected 4% to 5% gain, Target expects much of the growth to be driven by the PFresh program and REDcard Rewards, but plenty of challenges and uncertainties loom.

September 27, 2010

Target announced its intention to experiment with smaller stores nine months ago, and now...

September 19, 2010

Target has done pretty well for itself over the year, which is why comments...

September 13, 2010

A 300-basis-point same-store-sales lift could be in the cards for Target if it is...

September 6, 2010

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August 22, 2010

Expectations of a 1% to 3% increase in third-quarter same-store sales are due in...

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