OPERATIONS

Target buys two online kitchenware chains

BY Marianne Wilson

Minneapolis — Target Corp. has made two e-commerce acquisitions aimed at expanding its presence in the growing cooking and kitchenware market. The retailer said it has acquired CHEFS Catalog and assets of Cooking.com in two separate transactions.

Following the closings, the two businesses will be combined to create a new, wholly owned subsidiary of Target. Both brands will continue to operate under their current names. Target believes these transactions present a strategic growth opportunity; however, there will not be any meaningful financial impact to its 2013 results.

“We are excited to bring CHEFS and Cooking.com into the Target family,” said Casey Carl, president of multichannel and SVP, enterprise strategy, Target. “We know consumers are increasingly looking online for cooking solutions to make their lives easier – from utensils and cookware, to recipes. These strategic transactions provide us a great way to address this growing opportunity and will offer expanded online options for our guests.”

Tim Littleton, president and chief executive of CHEFS, will be president of the wholly owned subsidiary and will report to Carl. Tracy Randall, chief executive and co-founder of Cooking.com, will become a consultant to Target.

Both transactions are expected to close within 30 days. Financial terms are not being disclosed.

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OPERATIONS

Target to open 14 in-store health clinics

BY Alaric Dearment

New York — Target is expanding its retail clinic presence in the Chicago area, according to the Chicago Tribune.

The retailer plans to open three in-store health clinics — two in the suburbs and one in the city — in the Chicago area, the report said. Construction is scheduled to start on May 28, and grand openings are planned for Aug. 18. The Target on Division Street, scheduled to open in October, will also have a clinic.

Target is planning to open 14 new clinics around the country, for a total of 68, the newspaper reported.

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J.Lee says:
Apr-05-2013 04:20 am

With the increasing number of patients we need more clinics so that people can get appropriate service. This is a very good decision of opening new clinics in Chicago. I think suburbs need more in store clinics as people are not getting proper health care facilities there and these clinics can provide primary care services. advanced urgent care

J.Lee says:
Apr-05-2013 04:20 am

With the increasing number of patients we need more clinics so that people can get appropriate service. This is a very good decision of opening new clinics in Chicago. I think suburbs need more in store clinics as people are not getting proper health care facilities there and these clinics can provide primary care services. advanced urgent care

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OPERATIONS

Google tops list of 10 most influential brands

BY Marianne Wilson

New York — Google came out on top, followed by Amazon and Apple, in a new survey by market research company Ipsos called “The Most Influential Brands in the United States 2013.” The survey, which asked U.S. consumers to rate 100 leading brands on a wide variety of attributes, determined that the dimensions or factors that drive a brand’s influence are: engagement; trustworthy; leading edge; corporate citizenship; and, presence.

“To one extent or another, the most successful brands have some measure of all these dimensions, but gaining real and lasting influence takes time and effort,” says Jerry Forristal, SVP with Ipsos MarketQuest.

According to the Ipsos survey, the 10 most influential brands in the United States for 2013 are as follows:

1. Google
2. Amazon
3. Apple
4. Microsoft
5. Facebook
6. Visa
7. Walmart
8. Yahoo!
9. Procter & Gamble
10. eBay

Interestingly, Google also took the top spot in Ipsos’ study of the 10 most influential brands in the world.

“Building a truly influential brand requires a significant time investment, and in the past 15 years, Google has done something truly phenomenal – they’ve built a brand that exerts global influence,” said Forristal.

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