Takeaways from the 2018 Target Financial Community Meeting

Executive Summary

The Coresight Research team attended the 2018 Target Financial Community Meeting in Minneapolis this week. Selected takeaways from the event follow.

• Target has embarked on a $7 billion-plus investment program to drive growth.
• The company ended 2017 on a financial high note.
• 2017 was about defining the plan; 2018 is about accelerating the plan to become “America’s easiest place to shop.”
• The company is focused on newness and innovation to improve the digital experience.
• Target is investing in its team through training, tools, advancement opportunities and pay raises.
• The company plans to renovate and open more than 1,000 stores by 2020.
• Target offers a variety of pickup and delivery options, including Grand Junction, Drive Up and Shipt.
• The company has completely updated its private-label brands in apparel, hinting that there are more to come this year.
• Target has ambitious plans for 2018, including store remodels, new small-format stores, new brand launches, and improvement of fulfillment and management of team members.
• The company plans capital expenditures of $3.5 billion in 2018 to drive profitable growth and offer an outstanding return on invested capital.