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News and information on merchandising and trends in retail pharmacies at Target.

Target reports sluggish holiday sales, missing estimates

Target’s comparable sales inched up 1.4% in the combined November/December period, compared with growth of 5.7% a year ago.

Target extends holiday hours

Target is extending holiday store hours and delivery deadlines.

Target’s net income rose to $714 million and adjusted earnings per share grew to $1.36 from $1.09, above analysts’ estimates of $1.19. 

Target is making its Shipt same-day delivery service available on its consumer app for the holiday season.

For every strawberry multipack sold at Target until Dec. 14, Soylent will donate the financial equivalent of one meal to Swipe Out Hunger.

Target is adding team members to assist in-store during peak hours, as well as expanding its fulfillment and same-day services team.

At the Groceryshop event, Stephanie Lundquist, executive vice president and president of food and beverage at Target, said the company doesn’t want its business merely to be functional and transactional.

Target Circle, which will launch on Oct. 6, does not have a membership fee, and looks to provide shoppers with personalized deals.

Target announced that its Drive Up service, which brings guests’ online orders to their cars for free, is launching in all 50 states in the nation.

Target celebrated the opening of its 100th small-format store and 500th remodel by announcing that 1,000 more locations will be revamped by the end of 2020.

The Disney store at Target will hit 25 select locations in October, launch digitally on Oct. 4, and open 40 additional locations by October 2020.

Target is set to launch Good & Gather in September, which will offer a range of such products as dairy, produce, ready-made pasta, meats, granola bars and sparkling water.

Target reported that during its second-quarter revenue increased by 3.6%, same-store sales rose by 3.4% and net income rose to $938 million.

From murals behind the registers to installations in the parking lots, locally-designed art can be found in Target’s small-format locations across the nation.

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