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.