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Target Corp News
Over 600 US Companies urge Trump to resolve Chinese trade tension
Fri, Jun 14, 2019
Walmart Inc, Target Corp and more than 600 other companies urged U.S. President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers.
Target slashes CEO pay package after bleak year
Tue, May 02, 2017
As per Target`s short-term incentive plan, Cornell`s compensation was based on the performance of two financial metrics: incentive EBIT, which makes up 75 percent of Cornell`s stock component, and the rest on adjusted sales.
Uber's president Jeff Jones quits after working for six months
Mon, Mar 20, 2017
Uber Technologies Inc president Jeff Jones has quit after working with the taxi-hailing app for six months.
Welspun Corp climbs 10% as nearly 58 lakh shares change hands
Wed, Dec 21, 2016
Shares of the company traded at their 13-month lows in August this year after Target Corp, one of its largest customers, cut ties with the company citing poor quality cotton in its orders.
Welspun secures patent for new line of augmented reality home decor
Fri, Sep 23, 2016
Welspun India today said in release, "It has secured the 'Interactive Textile Article and Augmented Reality System' patent which protects the company's new product line TILT."
Welspun shares fall by over 3% as it faces $5 million lawsuits in the US
Thu, Sep 15, 2016
Welspun shares have dropped as much as 3.2% on Sensex on Thursday after two class-action lawsuits worth over $5 million each were filed against it in the US. Currently, the shares of the company are trading down 2.69% or Rs 1.55, at Rs 56.10 per piece at 1131 hours.
WATCH: Top 5 stories of this afternoon; From Nifty falling below 8,600-mark to Vishal Sikka saying Infosys to post good Q2 results
Fri, Aug 26, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top 5 stories of this afternoon: 1.Nifty slips below 8,600 as September series start
Welspun India's woes deepen; tough times ahead
Thu, Aug 25, 2016
The problem for Welspun India has already gone beyond Target Corp. Several retailers, as mentioned above have already started questioning their credibility and have either launched or are planning to launch an audit into their products.
Welspun India to appoint external auditor to look into alleged supply lapses
Thu, Aug 25, 2016
Welspun India is appointing an external auditor 'one of the Big Four' to look into alleged lapses in its products supplied to clients and expecting the process to get completed in about six to eight weeks, as US-based Target Corp terminated contract with the textiles maker.
More US retailers probing Welspun India over alleged phony Egyptian cotton
Thu, Aug 25, 2016
US retailer Bed Bath & Beyond on Wednesday said it ordered an external audit of textiles from Welspun India, after Target Corp last week accused the Indian manufacturer of passing off cheap sheets as premium Egyptian cotton for two years.
Target Corp shock: Welspun India trades at 13-month low
Wed, Aug 24, 2016
Welspun India's share took a beatin after Minneapolis-based Target Corp, one of Welspun India's largest customers, cut ties with the company, accusing it of using lower quality cotton for making bedsheets between August 2014 and July 2016.
Welspun India shares bleed by 20% after Target Corp accuses over cotton supply
Mon, Aug 22, 2016
"We have initiated immediate actions to investigate the root cause. We are appointing external auditor (one of the Big Four) to audit our suply systems and processos. This is an issue of highest priority for us and we will take all necessary steps to dissolve it," Welspun India said in the statement.