In a new post on Target's A Bullseye View blog, Target CIO Mike McNamara explains the reasoning behind the retailer's decision to offer an unprecedented Cyber Monday promotion: 15% off site-wide and store-wide from Nov. 27 to Nov. 28.
The proliferation of online grocery delivery is a sign of the “Sheep Effect,” according to a retail analyst interviewed on CBS’s Sunday Morning, which aired a segment on the evolution of omnichannel retail.
Target's chief merchant says the retailer is hoping to have a bright holiday by emphasizing low prices as well as highlighting private-brand clothes and splurges for the season, according to a new interview with the Associated Press.
Frustrated watching specialty stores, online merchants and department stores siphon off a market they once controlled more than 50% of, mass marketers are firing back to regain their dominance of the $16 billion U.S. beauty market.
Target CEO Brian Cornell says stronger-than-expected back-to-school sales lifted the retailer in the third quarter, prompting the company to raise its fourth-quarter sales and full-year earnings forecast.