Favorite Day is a new food and beverage brand from the retailer that will span across the bakery, snacks, candy, ice cream, cake decorating supplies, beverage mixers and mocktail categories.
Target plans to invest approximately $4 billion annually during the next several years to accelerate new store openings and remodels, as well as enhance its fulfillment services.
Target’s comparable sales in the combined November to December period grew 17.2%, while digital sales grew 102% and sales were driven by a 4.3% increase in traffic.