Amazon said July 11, the first day of Prime Day, was the largest sales day ever on Amazon, as well as being the biggest Prime Day on record for its independent retailers. Here we explore how this was achieved and how retailers in the US responded. Amazon Fresh was a target throughout Prime Day Unsurprisingly Amazon Fresh was a strong focus for Prime Day, with discounts being offered even be...

Target’s Q1 results highlighted a softening of sales in discretionary categories, offset by stronger grocery and beauty sales, as consumers continue to spend more cautiously. The retailer outlined its strategy to overcome these challenges in the months ahead, with a clear focus on offering its customers affordable joy.   Q1 Key numbers Total revenue of US$25.3 bn grew 0.6% versus Q1 22, ...

We look at Target’s latest results and its strategic update which included details of how it plans to sustain growth, rebuild profitability and strengthen the business. Key numbers Q4 total revenue up 1.3% to $31.4 bn, driven by sales growth of 1.2% and an 8.4% increase in other revenue Fourth quarter comparable sales increased 0.7%, reflecting comparable stores sales growth of 1.9% and...