The broader retail sector in the U.S. could take years to recover from the impact of the COVID-19 pandemic, eMarketer has asserted, but e-commerce will be a bright spot.
Target said it has made a $10 million commitment in addition to ongoing resources to advance social justice and support rebuilding and recovery efforts in local communities.
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.
According to Placer.ai, January to May foot traffic cross-shopping patterns over the past three years may provide some indication of who stands to benefit from Pier 1’s demise.
MINNEAPOLIS— Target has enjoyed success over the past couple of decades as it became a true national mid-market omnichannel retailer, and even if it has struggled at times through that period, the company may have gotten itself in just the right position to meet the challenges of the COVID-19 outbreak and post-pandemic environment.
Target is making its products available through Instagram Checkout. Consumers on Instagram can make their purchase with just a few taps, the company said.
NEW YORK— The world is changing quickly and decisively under the influence of the COVID-19 pandemic, but, while that is a circumstance generating concern, it also means that some companies will discover they are better positioned to gain from the situation than others.
According to store traffic tracker Placer.ai, the COVID-19 pandemic, with its various restrictions to retail operations, demonstrates the strength of the Walmart and Target business models.
Target is planning to acquire technology from Deliv, a startup that focuses on last mile batched delivery. As more consumers are getting what they need through online orders, the proprietary last mile platform being bought from Deliv will help the retailer explore new ways to deliver packages even quicker while lowering shipping costs, the company said.
Target is extending enhanced team member wages and benefits and has provided a business update related to the impact from the COVID-19 pandemic including quarter-to-date comparable sales growth of more than 7%, reflecting a slight decline in stores and a more than over 100% growth in digital channels.
Casabella, a division of Bradshaw Home, is launching its new Infuse concentrated cleaning system.
Target has struck a multi-year partnership with Studio McGee, which will contribute to the company’s Threshold brand.