Target's turnaround gains pace under Cornell strategy
Target reports a 52 percent rise in quarterly profit to 635 million and 2.8 percent same store sales growth as its new strategy centered on signa ture categories like style and wellness earns traction. Executives credit stronger basket sizes and transaction growth, with Lilly Pulitzer buzz boosting apparel, though CFO notes quarterly impact was minor.
MENTIONED IN THIS ARTICLE
Egy
Target
Cornell
Lilly Pulitzer
John Mulligan
Paid sick leave debate grows with wage and policy shifts
Shannon Henderson, a Wal-Mart worker in Sacramento, is among about 40 million U.S. workers for whom calling in sick is costly. The fight for paid sick days gains momentum as Obama pushes federal action and cities like San Francisco, New York, and states such as Connecticut and California consider mandates. Wal-Mart and McDonald’s announce policy changes, while industry groups warn mandates may curb benefits. Henderson awaits California’s July sick leave rule as she juggles low wages and illness.
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New York
Shannon Henderson
Wal-Mart
Sacramento
Calif
Henderson
Barack Obama
San Francisco
Connecticut
Massachusetts
California
Maryland
McDonald's Corp
Wal-Mart Stores Inc
Ellen Bravo
Family Values @ Work
U.S
Bureau of Labor Statistics
Lisa Horn
Society For Human Resource Management
Eileen Appelbaum
Center For Economic and Policy Research
Wal- Mart
Randy Hargrove
McDonald
McDonald’s
McDonald's
Steve Easterbrook
Mark Girouard
Nilan Johnson Lewis
Walmart
AT&T expands reach beyond phones with DirecTV bid
AT&T plans to buy satellite TV provider DirecTV for 48.5 billion dollars to bundle access, wireless, and video, while revamping stores to showcase home automation and in-car connectivity. The move signals a shift from a pure phone company to a broader tech and data services role as wireless growth shifts. The bid positions AT&T to become a leading traditional TV provider in the U.S. and extend into Latin America amid rising competition and diversification efforts led by Ralph de la Vega.
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New York
At&t
At&t Inc
Directv
Ralph de la Vega
U.S
Verizon
AOL
At&t Typi
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Brian Cornell
Ab Shannon Henderson
Justin
Anne D’innocenzio
Associated Press
Digital Life
At&t Company
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