Target Corp. is celebrating the opening of eight new stores this summer — including its 320th location in California. The openings are part of the 20 new locations that Target plans to open this year, and also reflect the retailer’s commitment to building more than 300 stores over the next decade. Target is also leaning into larger footprints. Three of the new locations top the chain’s 125,000-sq.-ft. store average.
Target opening eight stores in July and August — here are the locations | Chain Store Age
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Condé Nast has shuttered its print edition of Teen Vogue, adjusting the frequency of various titles, and laying off approximately 80 staffers, Folio: has learned. The cuts represent approximately 2.5 percent of its 3,000 employees, and the company “is expected to complete its final round of cuts by next Thursday,” reports WWD. In addition to the changes at Teen Vogue, GQ, Glamour, Allure, Architectural Digest, Bon Appétit, W and Condé Nast Traveler are among the company’s magazines set to see decreases in print frequency. Vanity Fair, Vogue, Wired, Brides and The New Yorker, however, will remain unaffected and continue to print at the same frequency. Click Read More below for additional information.
Kevin Mansell, Kohl's chairman, chief executive officer and president, said, “We are very pleased with our Holiday period sales, which were consistently strong through November and December. All lines of business and all regions reported positive comp sales. As expected, growth in digital demand accelerated significantly in the Holiday period from the year-to-date trend. In addition, we experienced positive sales in our stores driven by stronger traffic. I’d like to thank every Kohl’s associate across the organization for their commitment to delivering an outstanding Holiday experience for our customers.” Based on stronger than expected Holiday sales and expectations for fiscal January, the Company now expects its fiscal 2017 diluted earnings per share to be $4.10 to $4.20 versus its previous guidance of $3.72 to $3.92. Excluding the Company's previously disclosed fourth quarter tax settlement of $30 million, diluted earnings per share is expected to be $3.98 to $4.08, compared to its prior guidance of $3.60 to $3.80.
Publishers face many hurdles going into the new year, starting with loss of third-party cookies, judging by the 2023 Industry Pulse Report from Integral Ad Science, in partnership with YouGov. Publishers say they are up against the following: Decreasing access to consumer data/cookies—40%; Choosing and integrating identity systems—36%; Monetizing with/without social platforms—32%; Maximizing yield—28%; Monetizing first-party data—24%; Ads delivered alongside risky or misleading content—23%; Providing scaled audience extension, minimizing overhead—20%; Contextual targeting—19%; Poor viewability levels—8%; Ad fraud—3%