Target news 

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 ...

We review Target’s fourth quarter performance and how its focus on creating an omnichannel strategy, optimising its stores for ecommerce fulfillment, is underpinning sales growth and cost reduction. Winning in stores and online Target delivered a strong finish to the year with comparable sales up 5.3%, and comparable store sales up 2.9%. This reflects the continued strong growth of its digi...

FedEx has launched an autonomous delivery service, the FedEx SameDay Bot. It is collaborating with a range of partners to help assess their autonomous delivery needs. Tackling the complexities and costs of same-day delivery Same-day, hyper-local delivery has come into focus in the US over the last 12 months as retailers aim to optimise their stores as a competitive advantage within the ecom...

Target has launched an online marketplace, Target+, enabling it to significantly expand its online range. Curated range complements existing offer The launch of Target+ enables the retailer to offer products from third-party sellers. It will curate the range to align with the needs of its shoppers, enhancing its existing product offer. Initially, it will focus on key categories including ho...

Following the launch of a pilot a program in Dallas-Fort Worth last year, Target is expanding the test of its new loyalty programme, Target Circle, to additional cities. Launching the programme in six additional cities Later this month, Target will launch the pilot programme in Charlotte, Denver, Indianapolis, Kansas City and Phoenix. Target Circle enables shoppers to receive 1% cash back o...