Part 3/8:
Supply Chain Innovations and E-Commerce Growth
Integral to Target's turnaround has been its attention to enhancing supply chain efficiency and e-commerce capabilities. By automating fulfillment processes and modernizing inventory management, the retailer has strengthened its digital sales. E-commerce growth was particularly striking at 41%, showing a robust acceleration compared to previous quarters.
Target’s leadership has also adopted a more inclusive approach to new store formats, opening small-format stores that have shown promising sales results. Moreover, these locations have taken average sales per square foot into account, further optimizing revenue potential.