Target news 

28 November 2021
Data from Adobe Analytics reveals that online sales on Black Friday fell marginally this year to $8.9bn, compared to $9bn in 2020. We look at what’s behind this dip. Strong performance compared to 2019 This year’s sales performance has to be put into context. Last year’s sales was a record high for Black Friday, increasing 21.6% compared to 2019, when sales hit $7.4bn. This was driven by re...
17 November 2021
Target’s unique omnichannel model has been a major factor its success over recent years, including through the pandemic. In addition to enabling sales growth, it’s also helping the retailer to become more profitable. We look at the model’s impacts on its third quarter performance. Target’s Q3 key numbers Total revenue increased 13.3% to $25.7bn Comparable store sales increased 12.7%, fol...
27 October 2021
US-based Target is increasing is expanding its omnichannel services for the holiday season, anticipating that its strong sales performance this year will extend into the key trading period. Record growth expected across the sector Target has been one of the key winners in retail during the pandemic, in part due to its omnichannel strategy. During its latest quarter, comparable saes increased ...
13 October 2021
As it gears up for the critical holiday trading period, we look at the actions Target is taking to ensure it can meet shopper demand. Cost and capacity issues US retailers are facing several supply chain challenges, related to cost and capacity issues. Congestion at ports in Asia and on the US west coast, driven by lockdowns and labour availability, along with the shortage and rapid increas...
30 September 2021
Having directed most of its investments towards the ‘Expect More’ part of its brand promise over recent years, Target is focusing on emphasising its value credentials heading into the holiday season. Encouraging early holiday shopping Target is launching a holiday price match guarantee. Starting October 10, it enables customers to request a price adjustment on all items, if it lowers the pric...
27 August 2021
We look inside the latest brand partnership at Target, with the launch of the Ulta Beauty store-in-store concept. Contemporary concept design Target and Ulta Beauty have launched their brand partnership in the first of 100 locations. Currently, the concept is live in 60 stores. The Ulta Beauty area features a bold design with lighting and fixtures which create a premium beauty and modern lo...
23 August 2021
Target and Disney are rolling-out their store-in-store concept to more than 160 locations, building on the 50+ stores currently featuring the collection. Disney closing standalone stores Target and Disney initially partnered to launch the store-in-store concept in 2019, with over fifty locations open. The expansion will triple the number of Target stores featuring the Disney range, which of...
19 August 2021
As Target delivered further growth in Q2, on a record performance in 2020, we look at the prospects for the business in the second half of the year. Second quarter key numbers Total revenue increased 9.5% to $25.2bn Operating income increased 7.2% to $2.5bn Comparable sales up 8.9%, building on growth of 24.3% last year Store comparable sales increased 8.7% Digital comparable sales ...
11 August 2021
With pet ownership hitting a record high in the US, Target has launched a new private label pet food range, Kindfull. Quality and value The Kindfull range of dog and cat food has been developed over the last year. The retailer set out to bring to market a proposition at the intersection of quality and value. The range has been created with no artificial colours or preservatives, and no whea...
21 July 2021
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 ...