Target Reports Second Quarter 2019 Earnings

Target Corporation today announced its second quarter 2019 performance, including comparable sales growth of 3.4 percent driven by a 2.4 percent increase in comparable traffic. The Company reported GAAP earnings per share (EPS) from continuing operations of $1.82 in second quarter 2019, up 22.0 percent from $1.49 in second quarter 2018. Second quarter Adjusted EPS of $1.82 was 23.9 percent higher than $1.47 in second quarter 2018. The attached tables provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted EPS.

• Second quarter comparable sales grew 3.4 percent, driven by 2.4 percent traffic growth.
• Comparable sales have grown approximately 10 percent over the last two years — the best performance in more than...

Target Introduces Food and Beverage Brand 

Target Corporation today announced the introduction of Good & Gather, Target’s largest owned Food & Beverage brand. Grounded in guest research, the flagship brand will offer a wide range of food and beverage products that prioritize taste, quality ingredients and ease, at a great value. Good & Gather will be available in stores and online on Target.com for same-day delivery beginning September 15, 2019.

“Our guests are incredibly busy and want great-tasting food they can feel good about feeding their families,” says Stephanie Lundquist, executive vice president and president, Food & Beverage, Target. “We saw this as a huge opportunity for Target to help. So our team got to work on our most ambitious food undertaking yet, reimagining our owned food brands to serve up...

Amazon Share is Declining Amid Online CPG Sales Growth 

Amazon remains the leader in online consumer packaged goods (CPG), continuing to outpace the competition in share of sales and buyers. Yet, its share growth has slowed.

A downward shift in Amazon’s share of CPG sales in the U.S. sends an important message to retailers and manufacturers. Traditional and non-traditional retailers have been accelerating their responses to Amazon by adjusting their omnichannel offerings and strategies. These adjustments have helped them steal share from the global online player, but other factors are at play.

Today, the playing field online has become exponentially more crowded, and while that does bring complications, it also means that many merchants have begun to...

Target is Ahead of Walmart and Kroger When it Comes to Offering a Seamless Shopping Experience

Target beat both Walmart and Kroger when Brick Meets Click evaluated how well these leading national retailers deliver a seamless grocery shopping experience, growing out of their respective omnichannel strategies.

“If the goal of omnichannel is to enable shopping from anywhere, for anything, and any way a customer wants, then the seamless shopping rating highlights progress and opportunities against that goal,” says David Bishop, partner at Brick Meets Click. “And, for seamless shopping to have a positive impact on a retailer’s results...