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Posts Tagged ‘Target’

Target tests “green” refrigerant at 11 stores

May 18th, 2011 Comments off

As mentioned in class, companies are taking a close look at environmentally-friendly initiatives and sustainability.  Management accountants can help with this by identifying opportunities and measuring performance against environmental criteria.  In a local example, Minnesota-based Target was featured in a Star Tribune piece this week as testing a new refrigerant at 11 stores with the idea that it could be expanded to other stores if it is successful.  This new material is supposed to result in fewer leaks and, ultimately, reduce operating costs though I’m sure Target will play up the fact that it is using “green” chemicals and processes as well.

The bottom line is that the gas is a “high temperature” refrigerant less prone to leakage and more energy efficient. It is also used in automobile air conditioners.

“These are very complex systems,” said Target’s Dan Riley of the coolers and freezers in the chain’s “PFresh” food sections. “In each Target store there are many, many miles of coils. At every junction there is an opportunity for a leak. These [existing] gases are very leak prone. They are under pressure.”

In December, Target announced its commitment to sustainability and the GreenChill program fit into the chain’s intention to use resources responsibly and reduce the company’s carbon footprint.

Ultimately I don’t think many companies will do things like this if they don’t see a benefit in terms of reduced costs or marketing opportunities, but those opportunities exist and the planet and society can benefit as a result.  Management accountants need to be prepared for this role and to seize the opportunities.

Target tests green chillin’; The retailer is trying a new, more energy-efficient refrigerant in 11 stores around the country as it tries to go green. By David Phelps. Star Tribune. Minneapolis, Minn.: May 15, 2011. pg. D.4

Twin Cities on Target’s short list for urban small-store expansion

December 31st, 2010 Comments off

I posted  about this several months back, but here is an update about local plans for smaller-format Target stores in the Twin Cities.

Twin Cities on Target’s short list for urban small-store expansion | Minneapolis / St. Paul Business Journal.

Target to open smaller stores

September 24th, 2010 Comments off

In plans similar to the ones I posted last week about Walmart opening smaller stores, Minnesota’s own Target is planning to do the same.  Although the Walmart speculation made it sounds like some of their future locations might not be larger than a typical convenience store, the Target plans appear to be suited more to urban locations with the one that is planned being slated for downtown Seattle.

“We’ve never been a cookie-cutter retailer, but we are increasingly realizing that one size doesn’t fit all,” said John Griffith, executive vice president of property management at Target.

Read more at this link: http://www.google.com/hostednews/ap/article/ALeqM5gtShdCaRNm9Yybvnb_cZLvZ_TC8QD9IEIPDO0

or at this link: http://www.startribune.com/local/103711349.html

Are Amazon, Wal-Mart, and Target engaging in Predatory Pricing?

October 23rd, 2009 Comments off

Some independent booksellers have asked the Justice Department to investigate the recent price-war where certain hardcover bestsellers are being offered for sale by Amazon, Wal-Mart, and Target for $9 or less.  This makes it impossible for independent booksellers to compete according to their trade organization.  The WSJ Law Blog is pessimistic about the possibility of this going very far, but it does make for a current, real-world example of what we have discussed in Chapter 12 with regard to the legal aspects of pricing.

Are Amazon, Wal-Mart, and Target Pricing Like Predators?