Target news 

Retail partnerships have been one of the key trends in retail over the last year as companies aim to optimise the high traffic locations of leading retailers, given the challenges that shopping centres and non-essential retailers have faced during lockdowns. Originally announced last year, Target and Ulta Beauty are set to launch their store-in-store concept in August. We look at how they aim to ...

Target has unveiled a new sustainability strategy, Target Forward, which will have an influence across all its operations and deepen collaboration with its partners, including product suppliers. Sustainable brands, waste and opportunity and equity The new strategy aims to co-create a more equitable and regenerative future for its customers, associates and the communities within which it ope...

As Target delivered another blockbuster quarter, with sales up over 20%, we look at how improving shopper confidence and mobility is driving its growth. First quarter key numbers Total revenue increased 23.4% to $24.2bn Operating income increased 407% to $2.4bn Comparable sales up 22.9%, with comparable store sales growth of 18.0% and comparable digital sales growth of 50% ...

Following the initial launch last year, Target is expanding its adult beverages grocery ecommerce service to 29 US states. Same-day delivery and pickup to help compete with quick commerce specialists The roll-out of this service will see Target offer wine, beer and liquor for store pickup, including through its Drive Up service, from more than 1,200 stores. It will offer same-day delivery t...

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. Increasing capex to...

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 ...

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 Gour...

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 ...

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...

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 ...