Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Target Aims for $100 Billion, with Suppliers' Help
Dec 14, 2006
 Printable format
 Email this Article
 Search

Retail chain Target will approach U.S. $100 billion in sales in 2010, nearly doubling its current size and becoming a much more substantial competitive force, according to projections from market research firm Retail Forward. Much of Target's sales growth will come from adding about 600 new stores in the next 5 years, but it must also grow sales at existing stores, get more from existing customers and generate more sales from its online business.

In the recent report, Target 2010: Growth and Outlook, the research firm points out what it says are the company's growth challenges and opportunities.  The retailer needs to figure out how to convert monthly shoppers into more frequent shoppers.

"During the next five years, expect to see Target boost its multi-channel efforts, further strengthen its customer loyalty programs, and continue to push the envelope with buzzworthy marketing efforts that convey the retailer's uniqueness," said  Jennifer Halterman, Retail Forward consultant and author of the report.

Supplier Implications
Target will need to grab increasing share in more categories and take sales from other competitors and channels.

"Suppliers could hit the bull's-eye by teaming with Target to grow their businesses," she continues. "Suppliers wanting to work with Target or protect their positions need to look for ways to spot trends quickly, deliver the unique and different, design store-specific strategies and provide shopper insights," Halterman concluded.
 

Back to Daily News

 

Daily News

...........................................................

Sep 12, 2014: AHRI Suggests Changes to EPA on Proposed SNAP Amendment

Sep 12, 2014: Consumer Confidence Index Up in August

Sep 12, 2014: August 2014 Housing Starts in Canada

Sep 11, 2014: Middleby Acquires Commercial Coffee Machine Producer Concordia

Sep 11, 2014: Electrolux Again Ranked Industry Leader in the Dow Jones Sustainability World Index

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows