Target news 

13 April 2021
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 ...
09 March 2021
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...
03 March 2021
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 ...
25 February 2021
With Apple becoming the latest partner for Target as it builds a differentiated store experience, we look at what this means for the retailer. Enhanced in-store and online experience Target is partnering with Apple to offer customers an enhanced shopping experience in store, and online. The roll-out will start in 17 locations initially across the US this month, with further sites to be laun...
16 February 2021
Target has made a series of changes to its leadership including appointing its first chief food and beverage officer and its first chief growth officer. Positioning for growth The changes are being made to position Target for further growth. The appointments are internal promotions, reflecting the strength of the bench at the retailer. Target has emerged as one of the key winners in retail ...
14 January 2021
We look at Target’s performance in November and December and the impact of its digital operations on sales growth. Holiday sales key numbers Comparable sales in November and December increased 17.2% Traffic increased 4.3%, with average ticket up 12.3% Store comparable store sales increased 4.2% Digital comparable sales increased 102% Traffic and basket size up Target fin...
14 December 2020
USA-based Target’s recent third quarter update revealed that it has delivered the equivalent of eight years’ growth over the last nine months. We look at how it has been able to meet this surge in demand and the plans it is putting in place for added capacity this holiday season and beyond. Incremental sales of $10bn Over the first three quarters of this year, Target has generated over $10b...
18 November 2020
With Target reporting growth of over 20% in Q3, we look at what’s underpinning its success and the outlook heading into 2021. Third quarter key numbers Total revenue increased 21.3% to $22.3bn Operating income to 93.1% to $1.9bn Comparable sales up 20.7%, with traffic up 4.5% and average ticket up 15.6% Comparable store sales up 9.9% Digital comparable store sales up 155%, wi...
10 November 2020
Target is partnering with Ulta Beauty to develop a new in-store experience. Complementing the existing beauty offer Target is partnering with Ulta Beauty to open approximately 100 shop-in-shop concepts next year. These will see a dedicated space for the beauty retailer’s products at Target. The offer will complement Target’s existing beauty offer, bringing in a curated range of established ...
29 October 2020
Halloween, like other events this year, will need adapting to allow celebrations to take place in a COVID-safe way. Despite, or possibly because of current restrictions, shoppers’ desire to have some fun remains strong. The National Retail Federation reported that despite the on-going pandemic, 58% of US consumers still plan to celebrate Halloween in some way this year. We explore three innova...