Target news 

During its annual strategic update for investors, Target outlined its progress against its strategic priorities, as it strives to be “America’s easiest place to shop.” Year 2: acceleration Target is currently in the second year of a multi-year investment to reposition the business. Last year, it outlined plans to invest $7bn in its stores and supply chain, along with $1bn of operating margin ...

Following its acquisition of Shipt at the end of last year, Target will begin offering same-day delivery from stores in Alabama and Florida. Almost 50,000 products loaded onto Shipt’s platform The initiative spans almost 60 stores across both states. Launching the service in less than eight weeks since the acquisition represents a major achievement for Target. Around 50,000 products, includ...

Target has acquired Shipt, an online same-day delivery platform, in a deal valued at $550m. Enables Target to offer same-day delivery This acquisition significantly advances Target’s digital fulfilment capabilities, enabling it to offer same-day delivery services to its shoppers at around half of its stores by early 2018. The retailer plans to extend this service to almost all of its stores...

Target has launched Wallet within its mobile app, enabling shoppers to pay with their REDcard with a single scan of their phones at the checkout. Four times faster than other payment types This is the latest enhancement to its mobile app by Target, having successfully integrated its Cartwheel savings program earlier this year. The launch of Wallet in the Target app is expected to significan...

As one of the key trading days in the year, and the unofficial start to the holiday season, we look at how Walmart and Target set out to win Black Friday, and what learnings can be applied to other large-scale in-store events. Walmart: colour coding to make it easy to find key departments While its stores did not open until 6pm, Walmart’s Black Friday deals started at 12.01am on Thanksgivin...

We review Target’s third quarter performance and the impact of its digital and physical investments. People and technology investments impact profitability Target’s third quarter sales increased by 1.4% to $16.7bn, with comparable store sales up 0.9%. This reflects a small decline on the previous quarter when comp-store sales came in at 1.3%. This can be attributed in part to the on-going p...

Having launched eight new private brand ranges this year, they will be a key element of Target’s plans for the holidays. Curated ranges to showcase products The private brand launches form part of the retailer’s plans to introduce 12 new ranges by the end of next year. Recently, Target introduced Project 62, A New Day, Goodfellow and JoyLab to its line-up, with this year’s launches covering...

We look at some of the latest technology initiatives at Target as it focuses on enhancing the in-store experience. Helping in-store shoppers to buy online Target has introduced a new 'myCheckout' app which enables its store associates to order products for delivery to a customer’s home. Using a handheld device, store associates can take payment for a product, which may be out of stock or be...

We look at Target’s plans to advance key format and digital initiatives. Aiming to complete 1,000 remodels by 2020 Target is accelerating its store remodel plans. Having initially set a target of completing 600 remodels by the end of 2019, it is now aiming to complete 1,000 by the end of 2020. These stores will feature Target’s latest concept, which is focused on creating an easier instore ...

Following trials in New York and California, Target is taking its relationship with Google Express national, including its voice-based shopping capabilities. Shopping by voice Google Express enables consumers to shop via the Google Express app and website or Google Home device from many retailers including Target, and have the items delivered to home. No shipping or service fees are require...