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Target to match some rivals' online prices

Oct. 17, 2012 @ 12:00 AM

NEW YORK -- Target Corp. says that for the first time it will match prices that customers find on identical products at select online competitors this holiday season.

Target's CEO Gregg Steinhafel told reporters at a conference Tuesday that the retailers include Amazon.com, Walmart.com, Bestbuy.com, Toysrus.com and babiesrus.com.

The price match program will cover the period from Nov 1 through Dec. 16.

The retailer says it will extend the time period for its price match policy with items from brick and mortar stores. It will also include prices offered by Target.com for the first time.

So if a shopper buys a product at Target stores between Nov. 1 and Dec. 24 and then finds it for less at Target's online store, or in a local rival's printed ad, the discounter will match the price.

Management overhaul announced by Gap

NEW YORK -- Gap has announced a management overhaul aimed at enabling the retailer to respond more quickly to customers' needs across the globe.

The change will put the North American, international, online, outlet and franchise divisions under a single global executive for each of the company's brands -- Gap, Banana Republic and Old Navy.

The San Francisco-based clothing chain also said Tuesday that it will form a new innovation and digital strategy team to further advance its efforts in that area.

The changes, which take effect in February, build upon the shifts made in 2011 that brought together its specialty and outlet divisions and established the Gap Global Creative Center in New York.

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