Target has struggled to define a unique place in its market, watching rivals like Walmart and Costco capitalize on growth opportunities while its own stock and sales falter. Target’s leadership now faces a critical moment to convince investors that it can once again turn challenges into triumphs.
February is Black History Month, and industry insiders say it serves as a reminder that there remains a persistent need for industry collaboration to promote diversity and inclusion.
A recent report from dunnhumby found consumers continue to prefer regional grocers with H-E-B holding firm as the most preferred. Kroger and Albertsons, however, fell out of favor, likely due to the ongoing post-merger turmoil.
It’s unusual for a retailer to make it more difficult for consumers to shop at its stores. But membership fees are the key to Costco’s business. In fiscal 2022 (ending August 28), membership fees accounted for 54% of the company’s operating profit; the figure has risen to 58% in the first three quarters of fiscal 2023.
