Off the back of a disappointing set of quarterly results, we explore what’s been driving Target’s recent performance. We also uncover the latest updates in the retailers’ strategy. Key numbers Q2 total revenue down 4.9% to $24.8 bn Second quarter comparable sales declined 5.4%, reflecting a 4.8% decline in traffic Digital comparable sales declined by 10.5% Operating income margi...

Amazon said July 11, the first day of Prime Day, was the largest sales day ever on Amazon, as well as being the biggest Prime Day on record for its independent retailers. Here we explore how this was achieved and how retailers in the US responded. Amazon Fresh was a target throughout Prime Day Unsurprisingly Amazon Fresh was a strong focus for Prime Day, with discounts being offered even be...

Target’s Q1 results highlighted a softening of sales in discretionary categories, offset by stronger grocery and beauty sales, as consumers continue to spend more cautiously. The retailer outlined its strategy to overcome these challenges in the months ahead, with a clear focus on offering its customers affordable joy.   Q1 Key numbers Total revenue of US$25.3 bn grew 0.6% versus Q1 22, ...