Target to close a dozen stores, include one in San Antonio
SAN ANTONIO -- Target will close a dozen stores next year, including one in San Antonio, and Nutella was caught secretly changing its recipe. It’s all in today’s Jane King Report.
Target closing stores
Target will close its store in East San Antonio next year. It’s among 12 stores the retailer says it will close due to under performance. The store is located at 7014 West Farm Road 78 is a full Target store.
According to an article on CNN Money, a Target spokesperson said the company's decision to close a store "is not made lightly." The article states "eligible" employees will be given a choice of transferring to another Target store.
A USA Today article states the closings "are part of a natural process of trying to refine its portfolio of stores." They report Target said it will have opened 32 new stores and created 2,000 jobs this year (See list). USA Today says the store closings come at a time when Target is facing pressure from online merchants like Amazon.
USAA a ‘best workplace’ for veterans
USAA, no surprise, is listed among the best companies for veterans.
Job placement website Monster worldwide its third annual ranking of the best businesses for veterans and ranked San Antonio-based USAA seventh overall.
At the top is Man Tech International, a tech company for national security programs.
Several defense companies and contractors are also on the list.
NBA in virtual reality
The NBA, along with Time Warner Turner Sports, announced a multi-year partnership with Intel in which the two will broadcast live games in virtual reality.
The partnership begins with the broadcast of the 2018 NBA All-Star Game and events.
The deal with the NBA will use that technology, as well as the company’s VR technology to put NBA on TNT viewers courtside, or to give them a bird’s-eye view.
Nutella made some changes
A German watchdog group discovered by comparing nutrition labels that Nutella's recipe has undergone some unannounced changes.
The product has 16% more powdered skim milk and is lighter in color.
Sugar content is also up according to the report.
New app for fashion
A new app wants to be the ‘Shazam’ for fashion.
The app is called ScreenShop, and it launched this week.
With Shazam, you can just hold your phone up to a speaker and it will tell you the name of the song and title.
ScreenShop lets users purchase clothing and accessories they see on social media, online and on the street by taking a photo or screenshot on their phone.