Target has experienced never before seen growth rates from 2020 to 2021, and continued to grow by more than $3 billion in 2022. A significant part of this growth is due to traffic. “Last year’s traffic gain of 2.1% marked the sixth straight year of growth in this key metric.” This shows the trust and loyalty Target is building with their guests.

“Our team moved into this year with a lot of energy, a unified commitment to guests and growth and a companywide focus on retail fundamentals and efficiency.” In 2023, Target will continue to support their team and lean into their culture. They will also invest in their store remodel and expansion plans, deliver a steady cadence of newness in owned and national brands, and bring the magic of “Tar-zhay” to life.