We look at Target’s strong second quarter performance and the strategic plan which underpins its ongoing transformation. Top-line results Target’s second quarter sales increased 3.6% to $18.1bn, with comparable store sales up 3.4%. Comparable digital sales were up 34.0%. The retailer’s operating income increased 16.9% to $1.3bn. Based on its performance over the first half of the year, it h...

Building on their existing collaboration, Walmart and BuzzFeed’s Tasty are launching shoppable recipes. Customers will be able to add full ingredient lists from Tasty’s 4,000 videos into their Walmart online grocery shopping carts. Builds on existing partnership Last year, the two companies partnered to enable the in-app purchasing of kitchen tools, bakeware and appliances. This has been a ...

Target is launching a new private label food brand, Good & Gather, which will become the main spearhead range in the category. This reveals a renewed ambition to get after its customers’ food spend, in-store and online. Phasing out Archers Farms and Simply Balanced Next month, Target will launch the Good & Gather range, with 650 products introduced into stores. This will be ramped up to ove...