Target’s new facility in Perth Amboy, New Jersey, equips the company to achieve 40% fewer out-of-stocks than before. A remodeled store, the chain says, will bring in 2% to 4% more sales soon after it reopens. A decision to move to free two-day shipping, COO John Mulligan said in an earnings call, was an unequivocal success, bringing “an immediate increase in [the] number of orders, basket size, units and sales.”
These three big wins were headline news after a first quarter earnings call featuring the strongest traffic growth in more than 10 years, by CEO Brian Cornell’s count.
