Target Corporation http://www.alacrastore.com/company-snapshot/Target_Corporation-1004770 Thursday, July 24, 2008 4:07:16 PM 1004770 Target Corporation en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/cs/71447cs/71447norm Target #Q## Tearsheet TGT enjoyed a long run of success in up-market discount retailing by offering fashion-friendly merchandise but has recently felt the pinch of a budget-conscious consumer .Margins have come under pressure, particularly...71447524YesC21Tearsheet91tearsheets/premium177/18/2008 8:15:46 AM15071447Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1814977ccbn/T1814977norm...The comments on reported results in this summary relate to Target Corporation's sales for the five-week period ended April #, #### compared to the five-week period ended April #, ####. These sales results are included in the table of our sales release issued on April ##, ####. For the fiscal March period, reported comparable-store sales decreased #.#%. This decrease was the result of a decrease in traffic, which in turn was primarily driven by the loss of a day of sales, as Easter Sunday moved from April last year into March this year. Average transaction size was essentially unchanged from a year ago. Comparable-store sales in March #### grew ##.#%. The current-month sales release quotes Bob Ulrich, Chairman and CEO of Target Corporation, as saying "While we expected a low-single-digit comparable-store sales decline in March, our actual performance was modestly below our planned range." The merchandise categories with the strongest comparable-store sales growth during the month included... 7/16/2008 5:11:06 PMTarget Corp54.0000Target Corporation Pre-Recorded March Sales CallTGT8:30AM ETTranscriptT1814977Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1897162ccbn/T1897162norm...The comments on reported results in this summary relate to Target Corporation sales for the five-week period ended July #, #### compared to the five-week period ended July #, ####. These sales results are included in the table of our sales release issued on July ##, ####. For the fiscal June period, reported comparable store sales increased #.#%. This sales performance was the result of a decline in the number of transactions, offset by an increase in average transaction size. Comparable store sales in June #### increased #.#%. The current month sales release quotes Gregg Steinhafel, President and Chief Executive Officer of Target Corporation, as saying -- comparable store sales performance in June was slightly above our planned range. The margin impact of sales mix in June was consistent with prior-month, with comparable store sales increases in consumable and commodity categories well outpacing performance in discretionary categories. Within discretionary categories, June comparable stores... 7/10/2008 11:10:27 AMTarget Corporation106.0000FinalTarget Corporation Pre-Recorded June Sales Call TranscriptTGT8:30am ETTranscriptT1897162Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/cs/70594cs/70594norm Consumer/Retail #H May Short Interest Report Short interest shares for the Grocers increased #.#% in #H May, following a ##.#% surge in #H May.  With a shaky economy, rising food inflation and skyrocketing fuel prices pressuring the...6691759Short Interest54Euro Markets Issuers42High Yield6/12/2008 8:12:04 PM150We look to the most recent release of short interest data to gauge developing sentiment in the markets for Retailers, Grocers, and Food & Beverage, and Consumer Products names in our coverage universe.705942810YesD0Article2148442194587515519178370919514912111138131139172314542040907889965092512961424191190102629120818428204519326corphy70594Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1872803ccbn/T1872803norm...The comments on reported results in this summary relate to Target Corporation's sales for the four-week period ended May ##, ####, compared to the four-week period ended June #, ####. These sales results are included in the table of our sales release issued on June #, ####. For the fiscal May period, reported comparable store sales decreased #.#%. This sales performance was the result of a decline in the number of transactions, partially offset by an increase in average transaction size. Comparable store sales in May #### increased #.#%. The current month's sales release quotes Gregg Steinhafel, President and Chief Executive Officer of Target Corporation, as saying -- Our comparable store sales performance in May was in line with our planned range. The merchandise categories with the strongest comparable sales growth during the month included health care, electronics and consumables and perishables. The categories with the weakest comparable store sales performance for the month included... 6/9/2008 12:12:00 PMTarget Corporation54.0000FinalTarget Corporation Sales Conference Call TranscriptTGT8:30am ETTranscriptT1872803Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/cs/70322cs/70322norm May Retail Sales: Bargaining for Improvements Aggregate same store sales comparisons, as measured by the Bloomberg Same Store Sales Composite Index, increased #.##% in May after a #.##% gain in April. May retail sales continued to...703223172YesD0Article1714815139190198850918428corphy1742High Yield54Euro Markets Issuers6/6/2008 1:10:22 AM150May retail sales continued to trek the path of mixed results as retailers resort to heavy discounting to clear inventories and spur top-line growth. However, margins will remain challenged as retailers weather through these difficult times.70322Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-25714831newstex/PRN-0005-25714831xml MONTVALE, N.J., Jun. #, #### (PRNewswire delivered by Newstex) -- Chief Executive magazine today announced that Anne Mulcahy, Chairman and CEO, Xerox Corporation, has been selected by her peers as "CEO of the Year." She joins an impressive...09000000090150001100000011006000040000000401600004016008040050000400500704010000040100050100000001026000010260016/3/2008 7:07:00 AM18000000180070001800600018019000PR Newswire USPRN-0005-25714831MICROSOFT CORPTARGET CORPXEROX CORPANNE M MULCAHYROBERT J ULRICHWILLIAM H GATESMSFTTGTXRXNewsNewstexhttp://www.alacrastore.com/storecontent/ccbn/T1831619ccbn/T1831619norm... - Sanford Bernstein & Co. - Analyst, Moderator We were just wondering if somebody would give us a sign here at #:##, and, since nobody does give us a sign, we decided instead of sitting here until #:## and waiting for one, we'll just get started. Good afternoon, everybody. My name is Yuda Werner. I'm the broad lines retail analyst here at Bernstein, covering discount and department store names. And it's my special pleasure today to introduce Doug Scovanner, Executive Vice President and Chief Financial Officer of Target Corporation, and John Hulbert, who is the Group Manager in IR. So I'm not going to spend a lot of time introducing these illustrious guests. I'll just leave the podium to them. So please welcome Doug and John. ... 5/29/2008 2:11:00 AMTarget Corporation54.0000FinalTarget Corporation at Sanford C. Bernstein & Co. Strategic Decisions Conference TranscriptTGT4:00pm ETTranscriptT1831619Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/bir/302369bir/302369normTarget Corp.Dayton HudsonMarshall Field'sDayton'sHudson'sTarget CorporationUnited StatesRetail: Discount department and clothing store chains; web-based shopping. Finance: Holding company.533153115651541153996719596145299044511044814045211145291045411355111217IMTGT5/21/2008 6:13:00 AM302369Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/cs/69585cs/69585norm Earnings Note: Target #Q## - Forging Ahead Target reported a #.#% increase in total revenues to $##.# billion, while adjusted EBITDA gained #.#% to $#.## billion in #Q##. On a  comp sales basis, the company reported a sales decline...695851324YesD0Article91corp11768Earnings Reports - Industrials/Consumer5/21/2008 1:11:03 AM150TGT faced the same weak conditions as Wal-Mart, but came up short on comp sales. This hasn't deterred the company from carrying out its aggressive store expansion or its fast-paced, debt-financed, repurchase program.69585Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/B1836202ccbn/B1836202norm...Co. reported #Q## diluted EPS of $#.## and sales of $##.#b. Current median First Call EPS estimate of $#.## is in reasonable range of potential outcome. #Q will be softer than First Call EPS estimate of $#.##. ... 5/20/2008 1:14:00 PMTarget Corporation54.0000EditedQ1 2008 Target Corporation Earnings Conference Call SummaryTGT9:30am CTBriefB1836202Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1836202ccbn/T1836202norm...Welcome to Target Corporation's first quarter #### earnings release conference call. During the presentation, all participants will be in a listen-only mode. Afterwards you will be invited to participate in the question-and-answer session. (OPERATOR INSTRUCTIONS) As a reminder this conference is being recorded, Tuesday, May ##th, ####. I would now like the turn the conference over to Mr. Gregg Steinhafel, President and Chief Executive Officer. Please go ahead, sir. ... 5/20/2008 12:14:00 PMTarget Corporation54.0000FinalQ1 2008 Target Corporation Earnings Conference Call TranscriptTGT9:30am CTTranscriptT1836202Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/newstex/BW-0001-25385330newstex/BW-0001-25385330xml CHICAGO, May ##, #### (Business Wire) -- Zacks.com releases the list of companies likely to issue earnings surprises. This weeka€™s list includes BJ's Wholesale Club (NYSE: BJ), Hewlett-Packard (NYSE: HPQ), Lowe's (NYSE: LOW), Target...04000000040090000401600004016048040160180401600104017000040170025/19/2008 4:06:13 PM180000001800800018004000180050001802400018021000Business WireBW-0001-25385330HEWLETT PACKARD COHOME DEPOT INCTARGET CORPHDHPQTGTNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/BW-0001-25374253newstex/BW-0001-25374253xml May ##, #### (Business Wire) -- Target Corporation (NYSE:TGT): WHAT: A Target Corporation's (NYSE:TGT) webcast of its first quarter earnings conference call. A WHEN: Tuesday, May ##, #### #:## a.m. central time A...04000000040160000401601804016001040160485/19/2008 9:06:13 AM180000001800400018008000Business WireBW-0001-25374253TARGET CORPTGTNewsNewstexhttp://www.alacrastore.com/storecontent/cs/55731cs/55731norm May Retail Sales: Little Bounce in Rebound Retailers rebounded (somewhat) from a horrid April performance that was marred by a shift in the Easter holiday and unfavorable weather with modest gains as well as losses in May. Aggregate...557312433YesD0Article8751481517139190885091819428corp/reportshy1742High Yield54Euro Markets Issuers5/14/2008 11:12:19 AM150Retailers rebounded (somewhat) from a horrid April performance with modest gains as well as losses in May. The outlook for consumer spending remains healthy on the back of a growing labor market.55731Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69197cs/69197norm Consumer/Retail: #H April Short Interest Report Total short interest for the Consumer Products names increased #.#% versus the mid-April reading. Results were mixed within the names, with roughly equal numbers of companies showing increased...889965092512961424191190102629428181208204519326corphy17869659Short Interest54Euro Markets Issuers42High Yield5/13/2008 1:10:55 AM150We look to the most recent release of short interest data to gauge developing sentiment in the markets for Retailers, Grocers, and Food & Beverage, and Consumer Products names in our coverage universe.211113813113917231454204090691972700YesD0Article442195214815519451783719147098759169197Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69075cs/69075norm April Retail Sales: Consumers Allergic to Shopping? Bloomberg Same Store Sales Composite Index, turned in a #.#% gain in April - coming off a -#.#% decline in March and a positive February performance (+#.#%). Sales also edged higher...690753648YesD0Article14815191391178850918428corphy11742High Yield54Euro Markets Issuers5/9/2008 12:11:36 AM150Warmer April weather brought plenty of pollen, but improvements in sales were relatively few and far between as consumers continue to downshift and hold out for bargains.69075Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1841195ccbn/T1841195norm...The comments on reported results in this summary relate to Target Corporation sales for the four-week period ended May #, #### compared to the four-week period ended May #, ####. These sales results are included in the table of our sales release issued on May #, ####. For the fiscal April period, reported comparable store sales increased #.#%. This sales performance was the result of growth in both the number of transactions and the average transaction size with growth in average transaction size representing more than half of the increase. As a reminder, April traffic and sales performance benefited from the gain of one day of sales as Easter Sunday moved from April last year into March this year. Comparable store sales in April #### declined #.#%. The current month sales release quotes Gregg Steinhafel, CEO of Target Corporation, as saying "comparable store sales performance in April was slightly below our planned range". Daily sales performance relative to our expectation improved near... 5/8/2008 10:11:00 AMTarget Corporation54.0000FinalTarget Corporation Pre-Recorded April Sales Call TranscriptTGT8:30am ETTranscriptT1841195Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/PR_154822_223000moodys/PR_154822_223000htmlGlobal Credit Research Announcement # MAY #### Announcement: Target Corporation Moody's comments on Target New York, May ##, #### -- Moody's Investors Service stated that Target's announcement that it was selling ##% (roughly $# billion)...5/8/2008 3:05:24 AMhtmlTarget CorporationTarget Corporation223000150.0000NewsAnnouncementPR_154822_223000Credit & Investment ResearchMoody's Global Credit ResearchUS - JPMorgan Chase & Co agreed to acquire a ##% stake in the credit card receivables portfolio of Target Corp, an owner and operator of merchandise discount stores, for $#.### bil in cash.5/7/2008 2:11:20 PM46625H88449Z46625H87612EJPMorgan Chase & CoTarget Corp-Credit Card Receivables BusinessJPMorgan Chase & CoTarget Corphttp://www.alacrastore.com/storecontent/Thomson_M%26A/JPMorgan_Chase_Co_acquires_a_minority_stake_in_Target_Corp_Credit_Card_from_Target_Corp-1974985020sdc/19749850201974985020Copyright © 2008, Thomson Financial, All Rights ReservedNew YorkCommercial Banks, Bank Holding CompaniesUnited StatesNational commercial banks6021NYNew YorkPublicJPM6021:National commercial banks6022:State banks,member fed reserve6141:Personal credit institutions6211:Security brokers, dealers, and flotation companies6221:Commodity contracts brokers and dealers6282:Investment advice6289:Security and commodity services, nec6712:Offices of bank holding companies6799:Investors, nec6021:National commercial banks6022:State banks,member fed reserve6141:Personal credit institutions6211:Security brokers, dealers, and flotation companies6221:Commodity contracts brokers and dealers6282:Investment advice6289:Security and commodity services, nec6712:Offices of bank holding companies6799:Investors, necCredit InstitutionsUnited StatesMisc business credit6159MNMinnesotaSubsidiary1183005Pvd finl svcsOwn,op merchandise storesCashCash OnlyOwnership Interest1009047001May 7 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000US31 Mar 080.000003.7100012951.000000.00000103757.000001642862.00000U.S. Dollar0.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.0000031.0000032.0000033.0000034.0000035.0000036.0000037.0000038.0000039.0000040.00000JP Morgan Chase & Co, locatedin New York, New York,provides global financialservices such as investmentbanking, financial servicesfor consumers, small businessand commercial banking,financial transactionprocessing, asset management,and private equity. Thecompany operates in sixdivisions. Investment Bankingprovides advisory and riskmanagement services. RetailFinancial Services providesHome Finance, Consumer andSmall Business Banking andInsurance. Card Servicesprovides general purposecredit cards in the UnitedStates. Commercial Bankingprovides infrastructure forcorporations, municipalities,financial institutions andnot-for-profit entities.Treasury and SecuritiesServices provide cashmanagement service. Asset andWealth Management providesinvestment management toretail and institutionalinvestors, financialintermediaries, high-net-worthfamilies and individualsglobally. The company servesmore than 90 million consumersnationwide in addition tocorporate, institutional andgovernment clients. Thecompany was founded in 1968.JP Morgan Chase & Co, located in New York, New York,provides global financial services such as investmentbanking, financial services for consumers, small businessand commercial banking, financial transaction processing,asset management, and private equity. The company operatesin six divisions. Investment Banking provides advisory andrisk management services. Retail Financial Services providesHome Finance, Consumer and Small Business Banking andInsurance. Card Services provides general purpose creditcards in the United States. Commercial Banking providesinfrastructure for corporations, municipalities, financialinstitutions and not-for-profit entities. Treasury andSecurities Services provide cash management service. Assetand Wealth Management provides investment management toretail and institutional investors, financialintermediaries, high-net-worth families and individualsglobally. The company serves more than 90 million consumersnationwide in addition to corporate, institutional andgovernment clients. The company was founded in 1968.JP Morgan Chase & Co, located in New York, New York, provides global financial services such as investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. The company operates in six divisions. Investment Banking provides advisory and risk management services. Retail Financial Services provides Home Finance, Consumer and Small Business Banking and Insurance. Card Services provides general purpose credit cards in the United States. Commercial Banking provides infrastructure for corporations, municipalities, financial institutions and not-for-profit entities. Treasury and Securities Services provide cash management service. Asset and Wealth Management provides investment management to retail and institutional investors, financial intermediaries, high-net-worth families and individuals globally. The company serves more than 90 million consumers nationwide in addition to corporate, institutional and government clients. The company was founded in 1968.1.000002.000003.00000The assets comprised of thecredit card receivablesportfolio of Target Corp.The assets comprised of the credit card receivablesportfolio of Target Corp.The assets comprised of the credit card receivables portfolio of Target Corp.0.000000.000000.000000.00000NU.S. Dollar05 May 08Mon, 05 May 2008 00:00:00 ESTDate Announced: 05/05/2008Date Effective:Acq. Part. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.000003557.25 U.S. Dollar3557.250000.000003557.25 U.S. Dollar3557.250000.000000.000000.000000.000003557.250003557.25 U.S. Dollar1.00000N1803.331000.000000.000000.000000.000000.000003557.250003557.250000.000000.000000.000000.000000.000000.000000.0000047.000000.000000.000000.000000.000000.000000.000000.000000.00000154678.389000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000US - JPMorgan Chase & Coagreed to acquire a 47% stakein the credit card receivablesportfolio of Target Corp, anowner and operator ofmerchandise discount stores,for $3.557 bil in cash.US - JPMorgan Chase & Co agreed to acquire a 47% stake in the credit card receivables portfolio of Target Corp, an owner and operator of merchandise discount stores, for $3.557 bil in cash.US - JPMorgan Chase & Co agreed to acquire a 47% stake in the credit card receivablesportfolio of Target Corp, an owner and operator of merchandise discount stores, for $3.557bil in cash.US - JPMorgan Chase & Co agreed to acquire a 47% stake in the credit card receivables portfolio of Target Corp, an owner and operator of merchandise discount stores, for $3.557 bil in cash.US - JPMorgan Chase & Co agreed to acquire a 47% stake in the credit card receivables portfolio of Target Corp, an owner and operator ofmerchandise discount stores, for $3.557 bil in cash.$ 3,557.250 - JP Morgan - Adv0.00000JP Morgan & Co Inc1.00000Goldman Sachs & Co1.00000$ 3,557.250 - Goldman Sachs & Co - Adv0.00000Pending125627.0000012951.00000103757.000001642862.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006141:Personal credit institutions6153:Short-term business credit institutions6159:Misc business credit1183005New YorkUnited States6021New YorkPublicJPM5311:Department stores5331:Variety stores5399:Miscellaneous general merchandise stores5411:Grocery stores5651:Family clothing stores5961:Catalog and mail-order houses6719:Offices of holding companies, nec1748002New YorkUnited States5311MinnesotaPublicTGT3557.250003557.250003557.250001803.33100Deal InformationThomson Financial Mergers & Acquisitions