Target Hits The Bulleye Once Again

Target has spent 100s of millions of dollars on their omnichannel initiative in order to keep up with Amazon. The ominichannel phenomenon is the ability to compete through brick and mortar and online by redesigning distribution networks and streamline supply chain operations to best serve customers on and offline.

When Amazon announce two day shipping for prime members, Target started offering 2 day shipping shortly afterwards. And when Amazon announced last year that they were investing heavily in their supply chain to offer one day delivery, Target followed suit. My point is when Target spots a trend regarding consumer demand, they jump on it.

Lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

A year ago, Target launched their All In Motion workout clothes and exercise equipment line. Then COVID-19 hit two months later and everyone and their grandma were home working out. Fast forward 12 months and the All In Motion line has now reached $1 billion in sales, the company said Monday.

Video Source: https://www.youtube.com/c/YahooFinance/videos