Sept 5 (Reuters) - Target Corp is planning conservatively for the upcoming holiday season and could forego some sales if industry discounting gets too deep, the retailer's chief financial officer said on Wed nesday.
"We aren't interested in driving sales at all costs," CFO John Mulligan said in answer to a question at a Goldman Sachs conference.
Price cuts by Wal-Mart Stores Inc and other retailers put pressure on retailers during the 2011 holiday season. Continued high unemployment and uncertainty surrounding the U.S. presidential election has retailers cautious ahead of the 2012 holiday.
Mulligan said Target will offer value in categories that are important to its core customers, those who will keep shopping at its stores after the holidays.
But the retailer is also hoping that product initiatives like designer collections it has teamed up to sell with luxury chain Neiman Marcus Group Inc will help attract shoppers.
Earlier on Wednesday, Walmart U.S. Chief Executive Bill Simon said the retailer was optimistic about its prospects for the holiday season, though he noted it will be "challenging" because "the retail environment is getting very aggressive."
Also on HuffPost:
Adding A Slice Of Cheese, Free Of Charge
In 2009, a female Dutch McDonalds employee was fired after she gave a colleague a cheeseburger instead of the cheaper hamburger that had been paid for, <a href="http://www.telegraph.co.uk/foodanddrink/foodanddrinknews/7080767/McDonalds-wrong-to-fire-worker-over-cheese-slice.html" target="_hplink"><em>The Telegraph</em> reports.</a> A Dutch court ruled that the firing was too severe a punishment and ordered McDonald's to pay the ex-employee the full salary for what were the remaining five-months on her contract, as well as legal fees.
Smelling Like Smoke
Stephanie Cannon was fired from her reception job at the Frauenshuh Cancer Center of Park Nicollet Health Services on the grounds that she smelled like smoke at work, <a href="http://kstp.com/news/stories/S2703953.shtml?cat=1" target="_hplink">KSTP-TV reports</a>. Cannon is a regular, pack-a-day smoker who told the local ABC affiliate that she never brought her habit with her to work.
<a href="http://www.huffingtonpost.com/2012/09/06/judy-henderson-home-depot_n_1861595.html?1346951029" target="_hplink">Home Depot fired Judy Henderson</a> in 2010 after she told the company that she would extend her sick leave because of a cancerous tumor. The company agreed to pay $100,000 to Henderson, who had worked at Home Depot since 1997.
Nearly 50-Year Old 'Stupid Stunt'
Wells Fargo <a href="http://www.huffingtonpost.com/2012/08/28/richard-eggers-wells-fargo_n_1836441.html?1346169626" target="_hplink">fired Richard Eggers</a> from his job of nearly 7 years in July after discovering that he was caught putting a cardboard cutout of a dime in a laundromat washing machine nearly 50 years ago.
Former Tuesday Morning CEO Kathleen Mason claimed that <a href="http://www.huffingtonpost.com/2012/08/03/kathleen-mason-tuesday-morning_n_1738344.html?utm_hp_ref=business" target="_hplink">she was fired from her position after she disclosed to the company's board that she has cancer.</a> One board member even allegedly made fun of Ms. Mason's wig. Her charges are being taken to court as she sues her former employers for damages and reinstatement.
Eagles' Worker Fired For Facebook Update
Philadelphia Eagles stadium operations worker Dan Leone was fired after he updated his Facebook status criticizing Eagles management for trading Brian Dawkins in 2009, <a href="http://news.cnet.com/8301-17852_3-10192227-71.html?tag=mncol;txt" target="_hplink">CNET reported.</a> Mr. Leone allegedly posted this: <blockquote>"Dan is ******* devastated about Dawkins signing with Denver...Dam Eagles are Retarded."</blockquote>
Sending EMAILS IN ALL-CAPS!
In 2007, New Zealand resident Vicki Walker was fired from her job for sending emails in bold, red-underlined all-caps fonts, <a href="http://www.foxnews.com/tech/2009/09/01/new-zealand-woman-fired-sending-caps-e-mail/" target="_hplink">Fox News reports.</a> Walker was laterawarded $17,000 for wrongful termination.
Mocking Your Customers On Youtube
Barista Christopher Cristwell was fired by Starbucks after he took his pent-up anger out on Youtube, <a href="http://www.dailymail.co.uk/news/article-2040748/Starbucks-sack-Christopher-Cristwell-YouTube-song-mocking-customers.html" target="_hplink"><em>The Daily Mail</em> reported.</a> Known as "The Starbucks Rant Song," Mr. Cristwell told his internet viewing audience that cappucino lovers were "the worst of all." A spokesman for Starbucks stated: <blockquote>'While Christopher was expressing his own views in the video, the disparaging remarks about our customers and company are unacceptable and out of line with our commitment to our customers and partners (employees).'</blockquote>
Being Too Fat
Ronald Kratz II was fired from his job as a parts sorter after his employer determine that it interfered with his job performance, <a href="http://www.foxnews.com/us/2011/09/28/worker-allegedly-fired-for-being-overweight/" target="_hplink">Fox News reports.</a> Following his dismissal, Katz filed a complaint with the Equal Employment Opportunities Commission and lost over 300 pounds.
Giving The President The Finger
Russian newsreader Tatyana Limanova was let go after she gave President Obama the finger on live television, <a href="http://www.telegraph.co.uk/news/worldnews/europe/russia/8918725/Russian-newsreader-fired-after-giving-Barack-Obama-finger-Firing-me-was-sense-of-humour-failure.html" target="_hplink"><em>The Telegraph</em> reports.</a> Limanova claims that the gesture was just a misunderstanding rather than an insult towards the leader of the free world.