FINANCE

Target denies rumors that it plans to sell India operations

BY CSA STAFF

Minneapolis Target Corp. Monday denied what it called the “irresponsible rumor” that it is engaged in any discussions, or has any plans, to sell its Target India operations, which employs about 2,100 people in Bangalore. The chain said it continues to more deeply integrate the work of its Bangalore teams with its U.S.-based teams, bringing the teams, sites and work even closer together.

“We do not know the source of this ridiculous speculation, but we can absolutely reaffirm that it is unequivocally not true,” said Tim Baer, executive VP and general counsel of Target Corp.

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Kohl’s donates $250K for Haitian relief

BY CSA STAFF

MENOMONEE FALLS, Wis. Kohl’s announced that it has doanted $250,000 toward earthquake relief efforts in Haiti. Kohl’s is providing this donation to the American Red Cross, which is delivering much-needed emergency supplies and services in the earthquake-impacted areas through its Haiti Earthquake Relief Fund.

“As a family-focused department store, our hearts go out to the tens of thousands of families impacted by the catastrophic damage caused by this week’s earthquake,” said Julie Gardner, Kohl’s EVP and chief marketing officer. “The loss is great, the need is immense, and Kohl’s is proud to be in a position to help during this tragedy.”

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Kmart to provide coats for Detroit kids

BY CSA STAFF

DETROIT Kmart announced that it is partnering with WADL-TV38 to provide free coats to Detroit school children on Martin Luther King, Jr. Day on Jan. 18.

“The economy and the extreme pressure on auxiliary services and organizations that help the community are tremendous.  We consider ourselves fortunate that someone from our community would be so generous for the benefit of Detroit’s school children,” states Denise Dody Johnson marketing and public relations director.

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