Latest news with #Minneapolis-based
New York Post
2 days ago
- Business
- New York Post
Target drops popular perk for shoppers after more than a decade
Advertisement Target is dropping its price-matching policy with rivals Walmart and Amazon after more than a decade as the company aims to reposition itself amid slowing sales and competitive pressure. Under its new Price Match Guarantee policy, taking effect July 28, customers of the Minneapolis-based retail giant will be able to price match other Target products in the store or online within 14-days of a purchase, but the policy will no longer apply to its rivals. The company said the decision was driven by the fact that its 'guests overwhelmingly price match Target and not other retailers.' 'Target's Price Match Guarantee, paired with our commitment to being priced right daily, ensures guests get great prices when shopping Target,' the company said. Advertisement 5 Under its new Price Match Guarantee policy, taking effect July 28, customers of the Minneapolis-based retail giant will be able to price match other Target products in the store or online. AP 5 This policy applies to products in the store or online within 14-days of a purchase, but the policy will no longer apply to its rivals. Christopher Sadowski Target rolled out its very first price match policy, called the Low Price Promise, in 2009. Advertisement If a customer found a lower price at another brick-and-mortar store, the company matched it. Eventually, the company expanded this policy, matching prices from certain online retailers including and during the holiday season. 5 The company said the decision was driven by the fact that its 'guests overwhelmingly price match Target and not other retailers.' Christopher Sadowski 5 Target rolled out its very first price match policy, called the Low Price Promise, in 2009. Helayne Seidman Advertisement In 2013, the company began price matching top online retailers year-round, which then-CEO Gregg Steinhafel said that the move effectively made the company an 'unbeatable value' compared to its competitors in the highly competitive sector. The recent change, however, comes as CEO Brian Cornell works to turn around the company, which has been trying to drum up traffic and return to growth in back-to-back quarters. However, Cornell characterized the environment over the past few months in particular as 'highly challenging.' Target missed Wall Street expectations and cut its guidance for the year during its latest earnings call in May as it contends with tariff uncertainty, declining consumer confidence and backlash over its rollback of its diversity, equity and inclusion (DEI) efforts. 5 The recent change, however, comes as CEO Brian Cornell works to turn around the company, which has been trying to drum up traffic and return to growth in back-to-back quarters. REUTERS To try and get back to long-term profitable growth, the company developed a new multi-year growth initiative, called Enterprise Acceleration Office, and made changes to its executive suite. The Enterprise Acceleration Office initiative, led by Target Chief Operating Officer Michael Fiddelke, will specifically help the company operate more nimbly, 'creating conditions for speed, adaptability, innovation and resilience,' Cornell said. Target said in its latest earnings that it expects a low-single digit decline in sales for fiscal 2025, down from its previous forecast of net sales growth of about 1%.
Miami Herald
3 days ago
- Business
- Miami Herald
Target to end price match policy — and customers are seeing red. ‘Not a good move'
Target is planning to ditch its competitor price match policy, a decision that has some customers seeing red. Starting July 28, the retail giant said it will only offer price matching between Target stores and a company spokesperson confirmed to McClatchy News. For more than a decade, Target's 'price match guarantee' allowed customers to match the price of identical items sold at a lower price by Walmart and Amazon, in addition to its own stores, according to its website. For example, customers could match prices on in-store purchases, and vice versa. Prices can be matched at the time of purchase or within 14 days, Target said. 'We've found our guests overwhelmingly price match Target and not other retailers, which reflects the great value and trust in pricing that consumers see across our assortment and deals,' a Target spokesperson told McClatchy News in a statement July 21. The Minneapolis-based retailer launched its price match policy in 2013 in a move then-CEO Gregg Steinhafel said would offer shoppers an 'unbeatable value,' CBS News reported. The new policy will allow customers to 'continue to shop with confidence,' the Target spokesperson said. A notice shared in stores also cited 'guest feedback' for the changes, which have drawn the ire of some shoppers. 'I used to shop at Target a lot,' one person wrote on Reddit. 'Not anymore. This is ridiculous, and not a good move.' 'What, do guests not like saving money?' wrote another. 'I'd price match Amazon or Walmart at times and then use my discount (yes this follows policy),' another shopper posted on Reddit, adding: 'Well, I'll just buy less or buy it where it's cheaper.' The changes comes as Target struggles with lagging sales, due in part to ongoing fallout over the company's decision to roll back its diversity, equity and inclusion initiatives, as reported by KCRA and CNN. The company also pointed to backlash over LGBTQ-themed items offered at stores during Pride Month in 2023. First-quarter sales this year dipped nearly 4 percent as the retailer 'navigated a highly challenging environment,' Target CEO Brian Cornell said in an earnings report published in May. '...We're not satisfied with current performance and know we have opportunities to deliver faster progress on our roadmap for growth,' Cornell said. Target was the last to continue offering a price match guarantee on items from competitors, according to NewsNation. Walmart doesn't offer price matching for rival retailers — only online and in-store purchases, its website says. Amazon currently does not offer price matching.
Reuters
4 days ago
- Business
- Reuters
Medtronic wins US appeal to overturn $106.5 mln heart-valve patent verdict
July 18 (Reuters) - A U.S. appeals court on Friday overturned a jury's verdict that medical device maker Medtronic (MDT.N), opens new tab owes competitor Colibri $106.5 million for infringing a patent related to heart valve technology. The U.S. Court of Appeals for the Federal Circuit determined, opens new tab that a California judge should have ruled before the trial that Minneapolis-based Medtronic's devices did not violate Colibri's patent rights. Medtronic said in a statement that the decision "affirms our longstanding position that Colibri's patent infringement claims lacked merit." Spokespeople and an attorney for Colibri did not immediately respond to requests for comment. Colorado-based Colibri alleged in a 2020 lawsuit that Medtronic's Evolut devices for replacing heart valves in heart disease patients infringed a Colibri patent related to deploying artificial heart valves. The patent relates to Colibri's competing heart valve implant system. Colibri said in the lawsuit that company officials shared information about its patented technology with Medtronic in 2014, before Medtronic introduced its Evolut system. A jury found in 2023 that Medtronic's devices infringed Colibri's patent. A three-judge Federal Circuit panel overturned the verdict on Friday, agreeing with Medtronic that the district court judge should have ruled for the company before the case went to a jury trial. The case is Colibri Heart Valve LLC v. Medtronic CoreValve LLC, U.S. Court of Appeals for the Federal Circuit, No. 23-2153. For Colibri: Jeffrey Lamken of MoloLamken For Medtronic: Greg Castanias of Jones Day Read more: Medtronic hit with $106.5 mln U.S. verdict in heart-valve patent case
Business Wire
17-07-2025
- Business
- Business Wire
Graco Inc. Signs Definitive Agreement to Acquire Color Service s.r.l. ('Color Service'), a Global Manufacturer of Specialized Automatic Precision Dosing Systems for Powders and Liquids
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it has entered into a definitive agreement to acquire Color Service, a global leader in automated dosing systems for powder and liquid applications for €63 million, subject to customary adjustments. Color Service had revenue of €34 million in 2024. The transaction is expected to close in Graco's fiscal third quarter following the satisfaction of closing conditions. 'The addition of Color Service strengthens our powder handling portfolio and opens new growth opportunities with complementary technologies for new applications,' said Mark Sheahan, Graco's President and CEO. 'This acquisition supports our global expansion strategy and aligns with Graco's commitment to delivering innovative, high-quality solutions that solve complex customer challenges.' Color Service serves a wide range of industries including textiles, rubber, cosmetics, plastics, and food. Known for its expertise in gravimetric dosing technology, the company delivers precise, weight-based measurements that improve consistency and efficiency in production. Headquartered in Italy, Color Service employs approximately 140 people worldwide. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction, and maintenance industries. For additional information about Graco Inc., please visit us at Cautionary Statement Regarding Forward-Looking Statements The Company desires to take advantage of the 'safe harbor' provisions regarding forward-looking statements of the Private Securities Litigation Reform Act of 1995 and is filing this Cautionary Statement in order to do so. The Company's statement about the expected closing date of the acquisition is a forward-looking statement. The expected closing and closing date of the acquisition could differ due to any event, change or other circumstance that prevents the parties from satisfying the closing conditions in a timely fashion or at all.
Business Wire
17-07-2025
- Business
- Business Wire
Haberman Selected as Creative and Media Strategic Lead to Launch Dole Whip at Grocery
MINNEAPOLIS--(BUSINESS WIRE)--Following a competitive review, Dole Packaged Foods LLC has named Haberman, a Minneapolis-based modern storytelling agency, as creative and media strategic lead for the new Dole Whip® fruit-first frozen treat now available in select grocery stores nationwide. Haberman will lead an integrated summer campaign spanning creative, paid media, public relations, influencer partnerships and full-funnel strategy rooted in the brand's legacy and joyful storytelling. Dole Packaged Foods LLC has named Haberman, a Minneapolis-based modern storytelling agency, as creative and media strategic lead for the new Dole Whip® fruit-first frozen treat, following a competitive review. Share 'Dole Whip has a unique place in pop culture, and its fans are truly passionate. Our team knew we had to honor that excitement and legacy in every detail,' said Zach Keenan, creative director at Haberman. 'The campaign brings together nostalgic animation and the everyday joy this treat inspires, whether you're a lifelong fan or just discovering it for the first time. It's not about escaping real life, but brightening your day, wherever you are.' Inspired by the playful nostalgia of early 'rubber hose' animation – think big eyes, bendy limbs, and that vibrant, vintage cartoon feel – the campaign stars a joyful, animated pineapple who skates, dances and sings his way through a magical world, inviting people of all ages to 'Have a Dole Whip® Day,' a simple yet powerful phrase reminding consumers that joy is always within reach. An original jingle and cheerful visuals capture the energy and optimism that sets Dole Whip apart. 'Our 'Have a Dole Whip® Day' campaign is all about bringing a happy, sunshine feeling to everyday life,' said Mike Secor, VP of marketing for Dole Packaged Foods. 'Every fruity, velvety bite of Dole Whip delivers the delicious taste of sunshine. Haberman has been a wonderful partner, and we're excited to share the joyful campaign we've created together with consumers, inspiring them to enjoy a little more brightness and joy in everyday life.' The new campaign, now live, features :06, :15 and :30 animated spots and will run across Connected TV, YouTube, streaming audio, paid social, programmatic display and influencer partnerships. 'Dole Whip is strategically positioned for growth with a story that's already resonating with fans,' said Nicole Arnason, media director at Haberman. 'We're prioritizing markets where the brand is on shelf, using video and audio-first formats to amplify Dole Whip's new jingle, keeping it top of mind while connecting fans to Dole Whip near them.' For more about Haberman, visit For more information about Dole Whip, visit About Haberman Haberman is a full-service marketing communications agency with a 30-year history of modern storytelling for media and marketing. The agency's mission is to tell the stories of pioneers making a difference in the world – from leaders of the good food movement and cause marketing innovators to behavior change champions and entrepreneurs with life-changing ideas. Storytelling unites everything the agency does across strategy, creative, media and public relations. As modern storytellers, Haberman helps organizations grow, inspire engagement and drive positive social change. For more information, visit About Dole Packaged Foods, LLC Dole Packaged Foods, LLC is a global leader in growing, sourcing, distributing, and marketing fruit-based snacks across four core categories: Beverage, Snacks, Frozen, and Pantry. The company offers a full line of packaged shelf-stable fruit, frozen fruit, dried fruit, and juices—delivering the natural goodness of fruit to people around the world. Guided by its Dole Beliefs—Brighter Product, Brighter Planet, and Brighter Today—the company is committed to creating a more sustainable future with a focus on the environment, agriculture, nutrition, and building a shared value ecosystem. This mission supports Dole's goal of making nutritious food more accessible and delivering sunshine for all. For more information, visit
