Target is providing consumers with additional opportunities to purchase its products through a new initiative in partnership with Instagram. Instagram Checkout Instagram Checkout was launched last year, enabling users to buy products without leaving the Instagram app. Through this initiative, customers can directly purchase products featured in posts @Target and @TargetStyle accounts. Shopp...

We review Target’s first quarter performance, including the impact of the coronavirus (COVID-19) pandemic. Target’s key numbers Target’s total revenue in Q1 increased by 11.3% to $19.6bn. Comparable sales increased 10.8%. Comparable digital sales were up 141%. Operating income was down 58.7% to $468m. Source: Target 1. Shopper needs changed throughout the quarter ...

Target is acquiring key technologies from delivery startup, Deliv, following its plan to close its operations. Technology focused on grouping last-mile deliveries Target is in the process of acquiring technology assets from Deliv which specialises in grouping deliveries together for last-mile delivery. The same-day delivery company is winding down its operations, and while Target is not acq...