November 9, 2009-- Home Textiles Today,
Target to Maintain its India Operation
Discount department store Target Corporation reiterated its commitment to its Target India team and operation, which employs about 2,100 people in Bangalore.
In response to reports that it was entertaining the idea of selling the operation, the 1,743-unit retailer said in a statement that it “strongly denied” that it is engaged in any such discussions or has any plans to sell the captive center.
“Our captive center in Bangalore continues to be an important part of our long-term strategy and is highly integrated with our work and team in Minneapolis,” said Gregg Steinhafel, chairman, president and ceo. “We remain firmly committed to this Target team and are proud of the work they do. Recent rumors about a sale are ridiculous speculation.”
Traffic Improving at JCPenney
Store traffic is still down, but it’s improving, JCPenney’s chief executive told analysts during a recent meeting.
Traffic is now down about 1% to 2%, a favorable comparison to summer traffic levels that were down 3% to 4%, said Mike Ullman, chairman and ceo.
“Clearly the consumer is still under enormous pressure,” he said, adding later in his remarks that the company doesn’t expect the housing market to rebound any time soon.
In home, “we are seeing some life, particularly in bedding,” said Ullman.
The Linden Street home brand, “has jumped to the top” among brands in the department.
NRF Event Focuses on Ecommerce
The National Retail Federation has created a new educational seminar integrating online marketing and technology. The first Retail Innovation and Marketing Conference will take place March 2-4, 2010 in San Francisco.
“By launching this event, NRF takes a leadership role in bringing ecommerce, marketing and technology retail executives together – critical retail disciplines that too frequently operate in silos,” said Shop.org executive director Scott Silverman. “The Shop.org community is excited to bring together executives from these different sectors to discuss what has been learned so far, what we can do now, and what we should continue to focus on in the future.”
Kmart Expands layaway to Internet
Kmart has launched an online layaway program. Consumers can pick up their layaway purchases at a local Kmart store after they’ve completed payment.
As with in-store layaway, consumers have eight weeks to pay for their merchandise. Payments can be made online or in stores. The service includes a $5 initiation fee in most states and requires the shopper to put down a deposit of $15 or 10%, whichever is greater. The online program includes calculator outlining payment schedules for each layaway contract as well as email alerts reminding participants when their payments are due.
Related Content By Author
Industry Related Content
More From the NY Market: It's All About Product!