Not many could foresee the growth Target would achieve in such a short timeframe. The company first opened in 1962 in Roseville, MN, and by 1972, the company had expanded to 46 locations. By 1982, the company had expanded beyond the central U.S., and by 2008, there were 1,600 stores across the nation.
As K-Mart failed become a major rival and compete with Walmart at the highest levels of the supercenter world, a vacuum of sorts was formed. Target quickly jumped in to take control of the number two slot, and continues to grow as it successfully lures moms, millennials and others who typically oppose the supercenter lifestyle.
The company recently began testing a smartphone alert system to deliver deals and reviews to customers as they walk through a store. Utilizing "beacon" technology, these reviews and deals are delivered directly to a consumer's smartphone app as they walk through the store. Relevant coupons and product recommendations are tailored specifically by where they are located while they are in the store.
Target also announced it would rebrand its CityTarget and TargetExpress brands, which expanded to 14 urban locations across the country. The initiative, three years in the making, will continue under the traditional target brand. The company noted that all CityTarget and TargetExpress locations would be rebranded, beginning in October. The company reiterated that it intends to continue expanding in urban environments with store plans tuned specifically for city living.
Despite the warnings of Elon Musk, artificial intelligence is on its way. It's not a topic we've shied away from in the Food Institute Blog, either, but a few developments over the past few weeks have inspired me to once again dive into the technology of the future in hopes of determining how it will affect the food industry.read more
Now, more than ever, the issue of food waste is top of mind for the food industry. Despite retailers, foodservice operators and manufacturers trying to tackle it head on, many challenges lurk around the corner. Despite this, innovative and impactful approaches abound to tackle this complex concern.read more
Chris focuses on fresh, canned and frozen fruit and fresh and dried vegetables for the Food Institute Report. In addition, he assists in compiling data for various Food Institute publications throughout the year. He is a proud Rutgers University alumnus with a degree in English, and has a background in web writing for a variety of industries, including legal, foodservice and small-to-medium sized businesses. In his downtime you can find him watching New York Yankees baseball, hiking, enjoying live music and spending time with his dog Kaiden. He invites you to contact him via email at firstname.lastname@example.org to talk about anything food-related.
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