March 6, 2019
There are some notable statistics and developments in this article including:
+ More than 10% of Target’s sales came via digital channels.
+ Stores are promoting in-store pick up.
+ Stores are shrinking their sizes. Kohl’s is subleasing space to Planet Fitness.
+ Stores continue to create new private labels—a strategy that is very popular with Amazon.
+ Stores are benefitting from other stores failing. For example, Toys R Us closing helped Target and Kohl’s.