Target named one of the ‘World’s Most Ethical Companies’
Minneapolis — Target Corp. said Wednesday it has been recognized by the Ethisphere Institute as one of the World’s Most Ethical Companies for 2011.
The Ethisphere Institute, an international business ethics organization, honored Target for implementing upright business practices and initiatives that are instrumental to the company’s success, benefit the community, and raise the bar for ethical standards within the industry.
This is the fifth consecutive year that Target has received the award.
Controversial donation won’t keep Target off ethical list
MINNEAPOLIS — After all the flak it got for its political contributions — even losing a deal with Lady Gaga over it — Target this year was still recognized as one of the world’s most ethical companies.
According to Target, the Ethisphere Institute, which produces the list, honored Target for "implementing upright business practices and initiatives that are instrumental to the company’s success, benefit the community, and raise the bar for ethical standards within the industry." This is the fifth consecutive year that Target has received the award.
The Ethisphere honor is not the only recognition Target has received this year. The company snagged the number 22 spot on Fortune‘s "Most Admired Companies" list, the number 44 spot on DiversityInc’s "Top 50 Companies for Diversity" list and the number 26 spot on the Corporate Responsibility "100 Best Corporate Citizens" list.
With all these accolades it would seem that Target’s $150,000 to a political group that backed an anti-gay marriage candidate was of a little concern to those who judge the ethics of a company. However, in the court of public opinion, Target has most likely lost some credibility among some of its customers.
Former Claire’s exec to head international business development at Children’s Place
SECAUCUS, N.J. — The Children’s Place Retail Stores has announced the appointment of James Bruce Marshall as SVP and managing director international business development, effective March 24. He will report directly to Jane Elfers, president and CEO.
Most recently, Marshall was SVP and managing director international development and operations, for Claire’s Stores Inc. where he was responsible for their joint venture and franchise operations across 23 countries. Previously, he spent six years with Warner Bros. in positions of increasing responsibility, culminating in his appointment as SVP and managing director, Asia Pacific, where he was responsible for expanding their licensed brands in the Asia Pacific market. Marshall began his retail career with Marks and Spencer, where he spent 16 years in a variety of managerial positions, including establishing and managing their franchise operations across Central and Eastern Europe.
"International expansion offers a significant growth opportunity for The Children’s Place," commented Jane Elfers. "We are already the number one pure-play children’s specialty apparel retailer in North America and we believe this brand can be equally successful worldwide. Bruce is a seasoned professional with extensive experience establishing and managing global brands and, with his leadership, our plan is to embark upon the development of a roadmap for international expansion."