MINNEAPOLIS--(BUSINESS WIRE)--Aug. 7, 2009--
Target (NYSE: TGT) announced today that it plans to build and manage its
own platform for Target.com. The company expects to launch the new
platform in advance of the holiday season in 2011.
“Amazon has been an important strategic partner since we re-launched
Target.com in 2001, and the strength of Amazon’s technology and
fulfillment services has been a contributing factor in Target.com’s
success,” said Steve Eastman, president, Target.com. “However, to
deliver a customized multi-channel experience for Target’s guests, we
believe it is in Target’s best interest going forward to assume full
control over the design and management of Target’s e-commerce technology
platform, fulfillment and guest services operations.”
Previously, Target and Amazon extended their contract to 2011. Amazon
and Target will continue to work together during the next two years to
optimize performance of the existing platform and fulfillment services.
“We are grateful to have been able to work with Target for the last
eight years, and we wish Target the very best as they go forward,” said
Sebastian Gunningham, Senior Vice President of Seller Services for
The statement on expected completion of and transition to a new
Target.com platform is a forward-looking statement within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements
speak only as of the date they are made and are subject to risks and
uncertainties which could cause the company's actual results to differ
materially. Such risks and uncertainties include but are not limited to:
Target’s ability to procure the necessary hardware and software for the
platform; the compatibility of technology obtained from different
vendors; and availability of sufficient qualified personnel to complete
the platform on a timely basis.
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,719
stores nationwide and at Target.com, a fully integrated online business.
In addition, the company operates a credit card segment that offers
branded proprietary and Visa credit card products. Target is committed
to providing a fun and convenient shopping experience with access to
unique and highly differentiated products at affordable prices. Since
1946, the corporation has given 5 percent of its income through
community grants and programs like Take Charge of Education. Today, that
giving equals more than $3 million a week. Target Corporation news
releases are available at www.target.com.
Target Communications (media), 612-696-3400
Amazon Public Relations,