Target has outlined the impact of the Coronavirus (COVID-19) pandemic on the business, including its sales performance and store development plans. Surge in sales and traffic Target started to see a shift in sales in the fourth week of February, with an increase in traffic and comparable store sales. Starting in mid-March, the surge in traffic and sales became stronger, concentrated in the ...

We review Target’s fourth quarter performance and its strategic priorities for the year ahead. Key numbers Fourth quarter revenue increased 1.8% to $23.4bn Q4 comparable store sales increased 1.5% Comparable digital sales up 20% Operating income increased 7.3% to $1.2bn Full year revenue increased 3.7% to $78.1bn Full year operating income up 13.3% to $4.7bn For 2020/21...

Target has introduced a new logo and colour palette for its same-day delivery service, Shipt. Fully integrated into the Target platform Target acquired Shipt in 2017. The deal enabled the retailer to advance its plans to offer a same-day delivery service by around two years. The on-demand delivery service has been fully integrated into the Target platform, including its website and app, and...