On August 18, when Target TGT +1.3% reported an EPS and revenue beat, it continued a streak that has been running for a handful of consecutive quarters. Despite COVID-19 related woes that plagued retailers and consumers, the home of the Bullseye continues to be a bright spot for both consumers and investors in the space.
Telsey Advisory Group pointed out four initiatives currently on its radar: real estate, digital, merchandising, and supply chain. Equally less fun and more important, however, is any given shop’s supply chain. After making its presence widely known to consumers during the pandemic when runs on supplies such as paper goods and “hannitizer,” it continues to dominate top-of-mind issues. Telsey noted that Target is getting ahead of some potential supply chain woes through the opening of several strategically placed distribution and sortation centers. “We believe Target remains well-positioned to gain market share as the company benefits from ongoing strategies,” wrote Telsey Advisory Group in an update. In response to the distribution and sortation centers, Telsey Advisory Group added, “these actions combined with the power of data and loyalty [of about 100 million Target Circle members] should continue to make Target more relevant to customers.”
To view the full article, please click on the following link:Visit Content