Target news 

27 July 2020
Target is adjusting its holiday plans this year in response to the COVID-19 pandemic, including starting its promotions earlier, closing on Thanksgiving Day and expanding its digital offer. Delivering a safe holiday season The priority for Target this year is to deliver a safe holiday season for its customers. Traditionally, retailers such as Target place all their efforts behind driving st...
25 June 2020
Target is adding 750 grocery items to its store pickup services, Drive Up and Order Pickup. Available in 1,500 stores by the holiday season Target had initially announced plans to add grocery items to these services earlier this year. However, this programme was paused as the retailer responded to the COVID-19 pandemic and the unprecedented demand for its online services. Under this new pro...
22 May 2020
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...
21 May 2020
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 ...
08 May 2020
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...
23 April 2020
US-based Target has provided a further update on its performance as it continues to respond to the Coronavirus (COVID-19) pandemic. Grocery comparable store sales up 20% For the first quarter to date, Target’s comparable store sales have increased by more than 7%. This reflects a slight decline in stores and more than 100% growth in digital channels. The retailer has seen comparable sales i...
20 April 2020
We look at the actions some of the major retailers in the US have undertaken in response to the Coronavirus COVID-19 pandemic in four key areas; stores, supply chain, associate care and community support. Common actions Reducing operating hours to enable restocking and store cleaning, along with introduction of dedicated shopping periods for vulnerable shoppers Introduction of measures to...
25 March 2020
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 ...
04 March 2020
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...
06 February 2020
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...