Minneapolis-based Target has responded to the death of George Floyd, boosting its community support in the wake of protests and associated disruptions at some of its stores, including its Lake Street store, near where Floyd was killed.
As it also unveiled executive changes, Target reported that November/December holiday season comparable sales registered a 1.4% increase but that home department comps were off slightly.
Target once again is making real progress in attracting consumers to its trendy but value-centric proposition.
Driven by growth in store traffic and gains in market share, Target reported solid comparable store sales growth for the first quarter ended May 4.
Target’s omnichannel strategies seem to be paying off, as the retailer enjoyed a strong fourth quarter and its best fiscal year in more than a decade.
The second quarter was a strong one for Target as the retailer reported its highest quarterly comparable store sales increase in 13 years.
As it plans a modernizing 500-location remodeling program for 2018 and 2019, Target Corp. has unveiled design elements for what the company characterized as its most ambitious store redesign to date. The redesign will be showcased at a store in the Houston suburb of Richmond near Grand Parkway Southwest this October.