Target news 

18 August 2022
In June, Target updated its guidance for its Q2 results, expecting its operating margin to be in the range of around 2%. Actual results came in lower than this, highlighting the challenge it has faced on inventory. We take a look at how the retailer performed across the quarter. Second quarter key numbers Total revenue increased 3.5% to $26.0 bn Comparable sales increased 2.6%, wi...
07 June 2022
With the business impacted by global supply chain issues, Target is taking several actions to right-size its inventory, reduce costs and protect profitability in the second half of the year. Wrong place, wrong time This is the hangover from the COVID-19 pandemic which resulted in significant supply chain challenges at the end of last year. High demand on global freight lines, plus factory c...
19 May 2022
Mirroring Walmart’s first quarter results, Target delivered a solid sales performance in Q1, but profitability came in below expectations. Having been one of the stars of retail through the pandemic, we look at what this could mean for the wider industry. First quarter key numbers Total revenue increased 4.0% to $25.2bn Operating income decreased 43.3% to $1.3bn Comparable sales up...
09 May 2022
Having started to build out a network of smaller format stores in 2015, Target has recently set its sights on reigniting its larger format store development pipeline. This includes developing a new mid-sized format. Recent focus has been on smaller format stores Target opened its first smaller format store, operating originally under the TargetExpress banner in 2014. Over the last eight yea...
20 March 2022
Amazon and Target have launched new stores packed with sustainability features, designed to help them on their journeys to becoming net zero companies. Creating a global benchmark Amazon’s latest Amazon Fresh store in Seattle features more than a dozen upgrades as it pursues the International Living Future Institute’s ‘Zero Carbon’ certification, the first grocery store globally to do so. Thi...
09 March 2022
Target has launched a new sustainability icon, Target Zero, which helps shoppers to identify products with packaging designed to be refillable, reusable or compostable, or items made from recycled content or materials like aluminium, steel or glass that reduce the use of plastic. Making it easier to shop sustainably Target Zero offers a range of curated items from brands such as Burt’s Bees...
02 March 2022
We look at Target’s latest results and its strategic update which included details of how it plans to sustain its growth post-pandemic. Key numbers Q4 total revenue up 9.4% to $31.0 bn Fourth quarter comparable sales increased 8.9% with comparable store sales up 6.9% and digital comparable sales up 9.2% More than 95% of sales fulfilled by its stores Net earnings increased 11.9%%...
25 February 2022
Target is set to test two enhancements to its curbside pickup service, Drive Up, later this year. In selected markets, customers will be able to add a Starbucks order or make a return through the service. Making it easy for shoppers When the Starbucks feature becomes available, shoppers will be able to place an order via the Target app from the coffee chain’s menu. A Target Drive Up team me...
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...