With 19% of online sales, Target reinvests US$100 million in e-commerce logistics

Featured image of the article With 19% of online sales, Target reinvests US$100 million in e-commerce logistics

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Publication

17 March 2023 à 10h59

Updated on 3 April 2023 à 15h52

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2 minutes

Publication: 17 March 2023 à 10h59, Updated on 3 April 2023 à 15h52

Reading time: 2 minutes

The supermarket chain has announced that it is investing US$100 million in its e-commerce logistics to build six new order preparation centres by 2026. With this investment, Target is capitalising on its profitability driver: e-commerce. Interestingly, the company has reached a ceiling in its online sales last year.

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Publication

17 March 2023 à 10h59

Updated on 3 April 2023 à 15h52

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Publication: 17 March 2023 à 10h59, Updated on 3 April 2023 à 15h52

Reading time: 2 minutes

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On 22 February, Target announced a budget of US$100 million to develop its online sales services (home delivery, drive and click & collect) over the next three years. This investment will fund the opening of six additional fulfillment centres in the USA by the end of 2026 (up from 9 today).

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