Find in the news:
BY COUNTRY

What’s Target’s Next Move?



The company has plans to invest $7 billion into its own business over the next three years.
As industry giants Walmart and Amazon continue on their never-ending quest to outdo each other, there remains plenty of market share for everyone else to divvy up. Target has a good portion of that as it is, but there have been plenty of questions swirling about as to what steps Target may take to try and keep pace. As CNBC shares, as opposed to scooping up some smaller rivals, the company plans to put its cash flow to work in house. 

The company has plans to invest $7 billion into its own business over the next three years, and CEO Brian Cornell has noted that although that may not seem to be the most exciting approach, it will pay off for the company in the long run.

Target

"Many of our competitors are aggressively rationalizing their assets," he said. "They're cutting costs just to keep their heads above water. This contraction will create opportunities for Target to pick up market share over the long term." 

As Bernstein analyst Brandon Fletcher points out, that investment will be spread out quite a bit, but the result will be more efficiency across the company’s locations.  

"The key investments Target has been making are in its private brands, changing the supply chain to be more efficient, completing remodels of the stores, and price investments," he said. 

While there has been some speculation that Target could acquire a grocer outright not to get left too far behind Walmart and Amazon, it appears that focus will remain in-house as well. To that end, the company is testing a program known as Target Restock in the Minnesota, which provides next-day delivery of dry grocery items and household essentials.  

"Food and beverage is a key category for Target, representing about 20 percent of our annual sales," noted Target spokesman Josh Thomas in a statement. "As we've shared, we are on a journey to create a differentiated experience in food and beverage. While the work won't be done overnight, we are committed to getting it right for the long term and are encouraged by the progress that we are making."

Another key area of focus will be the company’s plans to introduce smaller-format stores, with many of them located in bustling, urban markets.  "We feel very good about our small-format strategy,” Cornell has previously said. “As we move into new neighborhoods, we're getting better and better at curating and localizing assortments, understanding how to operate in various markets."

While Target’s strategy may not be as flashy as that of the industry behemoths, it may very well prove to be the right move in the long run. There’s more to retail success than headlines, and Target is well positioned to continue snagging an enormous amount of market share.   

Related shopping malls and stores:

More about shopping malls in the USA



YESTERDAY, Austria:
The crystal jewelry maker will focus on fewer stores with more space.
YESTERDAY, Germany:
The sale of the famous worldwide brand with a 250-year history is estimated at $4.8 billion.
YESTERDAY, Netherlands:
Two months before the official opening, 20 more brands have been added to the mall's list of brands.
DAY BEFORE YESTERDAY, China:
LWK + PARTNERS has revealed the winning designs of the two most prominent components of Zhongshan OCT Harbour in Zhongshan, China.
Jan 20, 2021, Singapore:
Anime fans will find a wide range of products and a vivid experience with elements of total immersion in the world of Japanese animation.
Jan 20, 2021, China:
A growing interest in Realme products could lead to the brand opening retail stores around the world.
Friend
and Follow
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us