E-commerce

Target spending big bucks on store remodels, online fulfillment

Photo by istock.com

March 3, 2021

Retailer Target, which enjoyed a robust Q4 in sales and earnings, is forging full-speed ahead with remodeling stores and enhancing online order fulfillment.

The brand plans to invest $4 billion in the initiatives, according to a CNBC report.

The strategy includes pilots of technology-infused approaches to restocking shelves and package sorting hubs to drive more efficient delivery.

The retailer also plans to open 30 to 40 stores this year and the remodeling will take place at 150 stores by November and another 200 following the holiday sales season.

In January overall retail sales spiked big, increasing 5.3% compared to a year ago, with online sales up 28.7% from January 2020, according to a CNBC report.