Target news 

Target’s chief merchandising officer, Mark Tritton, is leaving the business to take up the role of president and CEO at Bed Bath & Beyond, a leading homewares retailer. Interim leadership of merchandising organisation Tritton has had a major impact on Target’s performance, having joined the company in 2016. Over the last two years, he has overseen the introduction of over 20 private labels ...

Target is partnering with the newly launched ToysRUs.com platform to power its product offer, digital capabilities and fulfilment services. Bringing the brand back to the US Tru Kids Brands, which owns the Toys”R”Us brand, announced earlier this year that it would relaunch in the US following its exit from the market in 2018. As the first phase of this, the company has launched an online pr...

Speaking at the Groceryshop event in Las Vegas, Stephanie Lundquist, the retailer’s executive vice president of food and beverage, stated that its food strategy is centred on being ‘Target’. We look at what this means. Aiming to build a more emotional connection through food In outlining the retailer’s food strategy, Lundquist highlighted the transactional approach that had previously been ...

Following the expansion of its pilot loyalty programme, Target Circle, earlier this year, the retailer is launching it nationally next month. This will see a new simplified approach to loyalty being adopted by the company. Launching the programme in six additional cities Earlier this year, Target expanded its loyalty pilot to Charlotte, Denver, Indianapolis, Kansas City and Phoenix, followi...

Target will open up to 65 in-store Disney stores over the next two years as part of a new partnership between the two companies. We look at how this aligns with Target’s strategic priorities and what it could mean for its retail model. Creating an in-store destination The first 25 of the shop-in-shop concepts will launch in October, with a further 40 planned by October 2020. The two compani...

We look at Target’s strong second quarter performance and the strategic plan which underpins its ongoing transformation. Top-line results Target’s second quarter sales increased 3.6% to $18.1bn, with comparable store sales up 3.4%. Comparable digital sales were up 34.0%. The retailer’s operating income increased 16.9% to $1.3bn. Based on its performance over the first half of the year, it h...

Target is launching a new private label food brand, Good & Gather, which will become the main spearhead range in the category. This reveals a renewed ambition to get after its customers’ food spend, in-store and online. Phasing out Archers Farms and Simply Balanced Next month, Target will launch the Good & Gather range, with 650 products introduced into stores. This will be ramped up to ove...

Target, through its Shipt operation, has expanded same-day delivery to include 65,000 products, intensifying the delivery battle in North America. Expanding same-day delivery capabilities Having acquired Shipt in 2017, Target has used the on-demand delivery service to roll-out same-day delivery for its grocery ranges. Having achieved national coverage in 2018, this year it has focused on ex...

We review Target’s first quarter performance as it continues to build sales momentum and invest in its digital capabilities. Target’s key numbers Target’s first quarter sales increased 5.1% to $17.4bn, with comp store sales up 4.8%. Comparable digital sales increased 42%, contributing 2.1 percentage points to the overall comp sales growth. Operating income increased 9.0% to $1.1bn. These re...

Target has introduced a new sustainability-led range of household essentials. The Everspring private brand range, consisting of around 70 products, is being launched in conjunction with Earth Day. Retailers focusing on the environmental sustainability agenda The launch of the brand aligns with one of our key trends for the year, ‘Doing good is good business’. We expect retailers and brands ...