Analyst: RadioShack's partnership with Target is losing millions - Bring Me The News

Analyst: RadioShack's partnership with Target is losing millions

Minneapolis-based Target Corp. inked a deal for Radio Shack to operate mobile phone kiosks at stores nationwide in 2009, but the agreement hasn’t been great for the Texas-based consumer electronics chain. One analyst tells MarketWatch that Radio Shack's Target business is losing millions of dollars and thinks Radio Shack should consider ending the partnership. The two retailers appear to be working on improvements, including placement in Target circulars.
Author:
Publish date:

Minneapolis-based Target Corp. inked a deal for Radio Shack to operate mobile phone kiosks at stores nationwide in 2009, but the agreement hasn't been great for the Texas-based consumer electronics chain.

One analyst tells MarketWatch that Radio Shack's Target business is losing millions of dollars and thinks Radio Shack should consider ending the partnership. The two retailers appear to be working on improvements, including placement in Target circulars.

Next Up

Related

Target agrees to sell consumer credit card portfolio to TD Bank Group

Toronto-based TD Bank Group will acquire Target's consumer credit card portfolio for nearly $6 billion, according to a company news release. The Minneapolis-based retail giant has also entered into a seven-year agreement under which TD Bank will underwrite, fund and own future Target Credit Card and Target Visa receivables in the U.S.

Target executives net millions as stock soars

Shares for the Minneapolis-based discount retailer have surged 130 percent since late 2009 -- up 20 percent since the beginning of 2012. The Star Tribune writes Target's P-Fresh grocery format, Red Card program and exclusive merchandising partnerships have led to higher traffic and bigger purchases per visit. Four top executives, including CEO Gregg Steinhafel, have reaped millions of dollars by selling some shares.

Target to debut new cast of holiday characters

After three years, Target Corp. is replacing the Christmas Champ, the crazed Target lady in a red jumpsuit played by Minnesota-native Maria Bamford, with the Deals Duet. The Business Journal reports the Minneapolis-based retailer will debut its holiday marketing campaign on Wednesday.

Target's October sales trail expectations

Target Corp. says its same-store sales grew 2.4 percent in October, Forbes reports. Analysts were projecting same-store sales growth of 3.3 percent last month. The Minneapolis-based discount giant's total sales climbed 3 percent to $4.98 billion in October.