Target outlines growth strategy to bolster multi-channel sales by 2030

MINNEAPOLIS - Target Corporation (NYSE: NYSE:TGT), a prominent player in the Consumer Staples Distribution & Retail industry with a market capitalization of $53 billion and annual revenue exceeding $107 billion, today announced its strategic plans to fuel billions in profitable sales growth by 2030 through ongoing investments aimed at enhancing its multi-channel business. According to InvestingPro analysis, the company appears undervalued at current levels, trading at an attractive P/E ratio of 12. The retail giant intends to deliver an on-trend and affordable assortment, blending physical, digital, and social shopping experiences, and improving supply chain and fulfillment capabilities.

The company’s chair and CEO, Brian Cornell, emphasized Target’s commitment to meeting consumer demands for distinctive options and experiences without compromising on value. He highlighted the retailer’s focus on scaling its digital capabilities and improving consumer traffic, speed, and reliability to foster top-line and bottom-line growth.

Target’s strategy includes reimagining key product categories starting in 2025. This multi-year initiative will see a reinvention in gaming, sports, and toys, as well as a refreshed home assortment featuring brands like Hearth & Hand with Magnolia and Threshold designed with Studio McGee. The company plans to launch Good & Gather Collabs with renowned chefs, expand its essentials brands, and introduce new partnerships with Champion, Disney (NYSE:DIS), and Warby Parker (NYSE:WRBY).

In the apparel sector, Target aims to streamline the process to bring new styles to shelves faster, while in beauty, the retailer continues to expand its offerings with over 45 new brands introduced in February.

To enhance the shopping experience, Target is innovating with AI-powered search and data-driven personalization, expanding its Target Plus marketplace, and aiming to double the size of its in-house media company Roundel by 2030.

Investments in the supply chain will focus on optimizing inventory management and delivery solutions. The retailer also plans to open around 20 new stores and remodel others in 2025, leveraging its stores-as-hubs model. Moreover, Target Circle loyalty program members can expect new benefits, including a partnership with Marriott Bonvoy.

Target’s same-day services, which saw significant growth in 2024, are set to become even more convenient with planned enhancements to the Drive Up and Returns experiences.

This strategy is based on a press release statement and forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.

Target Corporation, headquartered in Minneapolis, operates nearly 2,000 stores and the Target.com platform, with a long-standing commitment to community giving. The company has maintained dividend payments for 55 consecutive years, with a current dividend yield of 3.7%, demonstrating its financial stability and shareholder commitment. InvestingPro subscribers can access additional insights, including 8 more ProTips and extensive financial metrics that provide a complete picture of Target’s market position and growth potential.

In other recent news, Target Corporation has reported its fourth-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $2.41, compared to the forecasted $2.24, and reported revenue of $30.9 billion, exceeding the anticipated $30.65 billion. Despite this positive performance, Target’s stock experienced a decline in pre-market trading, attributed to concerns over flat comparable sales forecasts for 2025. Target has also projected a modest net sales growth target of around 1% for the year. Furthermore, the company aims for $15 billion in revenue growth over the next five years, with a focus on mid to high single-digit annual EPS growth. Capital expenditure for 2025 is expected to be between $4-5 billion. In terms of market analysis, Target’s commitment to operational improvements and strategic partnerships continues to drive its growth. However, analysts have noted potential challenges, including economic volatility and tariff uncertainties that could impact product costs.

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