The news: Target’s plan to win holiday sales relies heavily on in-store activations and a steady stream of deals throughout the last two months of the year.
The approach: Target is betting that getting shoppers into the holiday spirit will spur otherwise-cautious consumers to open their wallets.
The details: Like many of its retail peers, Target is highly aware of consumers’ demand for value—and is shifting its promotions earlier to maximize its share of holiday dollars and stave off competitive pressure.
Our take: Target could use some joy this holiday season. The company is struggling to return to growth after alienating shoppers with its diversity, equity, and inclusion rollbacks and losing some of its signature “Tarzhay” magic. That slump has led to the chain’s first round of mass layoffs in a decade, as it looks to cut costs and simplify its organization.
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