Target news 

Target has launched the Good & Gather Signature range, featuring 60 new products developed with specialty ingredients. Simplifying the food offer The retailer launched the core Good & Gather range 12 months ago, growing to be a billion-dollar brand in a relatively short period of time. Consolidating several of Target’s existing private label ranges, it is expected to continue growing to be ...

Over the last few weeks, the five major food and grocery retailers in the US have reported their quarterly results. We take a look at what they tell us about the sector more broadly and what suppliers need to do to support their retail customers. The top five Walmart, Kroger, Target, Albertsons and Ahold and Delhaize are a diverse group of retailers. Walmart and Target have extensive non-fo...

We review Target’s second quarter performance and how it’s adapting to the COVID-19 pandemic. Q2 key numbers Total revenue increased 24.7% to $23.0bn, with comparable sales up 24.3% Comparable store sales were up 10.9% while digital comp sales increased 195% Net earnings increased 80.3% to $1.7bn Target’s unique fulfillment model What stands out for me in these results is t...

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...

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...

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...

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 ...

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...

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...

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...