Retailers/Target

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How Target’s enhancing its omnichannel approach with physical store growth

Target has emerged as one of the winners of the pandemic in the US. While digital growth accelerated 145% to account for almost 18% of sales last year, its physical store network was central to this, fulfilling over 95% of digital sales. This year, Target will continue to grow its presence across the US with 40 new stores as it continues to enhance its omnichannel strategy.

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What’s next for online grocery in the US?
In our latest report, we look at the initiatives retailers are putting in place as they strive to improve online grocery profitability following a year of accelerated growth. Five areas of focus for improved profitability  Following rapid growth last year, which saw grocery ecommerce sales almost double in the US to just under $70bn, in 2021 retailers are laser-focused on improving channel ...
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How Target’s building a three-tier private label strategy in food
The launch of Target's latest range, Favorite Day, complements its existing food private labels, Market Pantry and Good & Gather. We look at how the new range fits into the portfolio. 700 items to start appearing in-store in April Favorite Day is positioned as a range of indulgent sweet and savoury treats. There will be two key streams of products, Favorite Day Bakery and Favorite Day Gourm...
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How Target plans to spend $4bn to retain its pandemic gains
We look at Target’s latest results and its strategic update which included details of its investment programme for the next few years. This includes a $4bn annual investment plan in digital commerce, new stores and remodels and its supply chain. Q4 key numbers Total revenue up 21.1% to $28.3bn Fourth quarter comparable sales increased 20.5%, with traffic up 6.5% and average ticket up ...
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Presentations

Revising centre store categories
30/04/2021
Centre store categories are of significant interest and importance for grocery retailers and suppliers. While on one end the centre store drives revenue for suppliers and retailers, the latter benefit from the traffic it attracts to their stores. Centre store categories also provide retailers with the opportunity to encourage shoppers to trade up or drive incremental volume.
USA channel forecasts 2020-22
20/04/2021
Two year growth forecasts for the grocery market, the leading retailers and modern trade grocery channels in USA.
Five ways US online grocery is transforming
12/04/2021
Following a year of accelerated growth, we look at five ways the online grocery channel is transforming in the US as retailers aim to improve profitability. This includes optimising fulfilment, placing stores at the heart of their plans and developing businesses in new verticals.
Modernising stores’ look and feel
29/03/2021
A key strategy hypermarket operators are are using to win back market share is to modernise stores’ look and feel. This helps it to draw shoppers back into large format stores, especially in out-of-town locations. In this report we provide examples of where retailers have modernised their stores’ look and feel to generate excitement and boost footfall.
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Key presentations

Strategic outlook for Target

Having launched a turnaround plan in 2017, centred on its stores, supply chain and private label capabilities, we look at how Target is successfully navigating its transformation and the outlook to 2023. 

USA country presentation

This guide to USA explores the key trends in grocery retail, the outlook for the country’s differing channels over the five year forecast period and the growth strategies of its leading retailers.

Data

Use our COVID-adjusted forecasts on over 400 retailers in over 180 countries

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