Caught between providing value for its increasingly price sensitive shopper and generating healthy profit margins, Target is identifying new ways to optimize and simplify its business to drive positive long-term growth.
Target has cut its inventory levels by 20% in the last two months in a conscious effort to streamline its business and set the company up for improved long-term growth, shared chairman and CEO Brian Cornell.
Target’s food and beverage business grew low double-digits in the second quarter of 2021 thanks in large part to improvements to the retailer’s curbside pickup program, “impressive performance” of “essential” food and beverage sales and the return of...
Target has expanded its private label offering with the launch of Good & Gather Plant Based, responding to soaring demand for plant-based products from customers, said the retailer.
Launched in September 2019, Target’s newest private label line Good & Gather has generated more than $1bn in sales and will nearly double its line with 600 new items this fall.
As consumers increasingly demand natural, organic and innovative products across all retail channels, emerging brands are no longer restricted to the classic route to market that began with independent, natural retailers and slowly expanded to conventional...
