Target has launched its paid membership program, Target Circle 360, offering unlimited same-day delivery with Shipt, extended return windows, and free 2-day shipping on select items for $99 per year. A promotional offer reduces the first-year cost to $49 for sign-ups by May 18. The retailer also revamped its free Target Circle loyalty program, providing personalized deals and bonuses. Target aims to enhance the shopping experience and increase its store footprint in the coming years.
Target is launching a new paid membership program called Target Circle 360, offering same-day delivery, discounted prices, and extended return windows for $99 per year, with a discounted rate of $49 for new customers until May 18. Subscribers will also receive free two-day shipping for items not available through the in-house delivery service. The program aims to boost e-commerce and customer loyalty, with Target investing in its delivery network and emphasizing the importance of the subscription program for its bottom line.
Target is launching a new paid membership program called Target Circle 360, offering unlimited free same-day delivery and free two-day shipping for orders over $35. The program will initially cost $49 per year for new members, with a subsequent price of $99 per year. Target aims to rejuvenate sales and traffic with this move, along with store refreshes, expansion of store-owned brands, and the addition of more than 300 new stores over the next decade. The company reported a 1.7% decline in annual sales, but delivered a 58% increase in fourth-quarter profits. Target's CEO emphasized a focus on taking market share and addressing the challenges posed by inflation and high borrowing costs.
Target is launching a new paid membership program called Target Circle 360, offering unlimited free same-day delivery and free two-day shipping for orders over $35. The program will initially cost $49 per year for new members, with a subsequent price of $99 per year. Target aims to rejuvenate sales and traffic with this move, along with plans to refresh stores, expand store-owned brands, and build over 300 new stores. The company reported a decline in sales but delivered a 58% increase in fourth-quarter profits, and it expects a comparable sales decline of 3% to 5% for the current quarter.
Target is launching a new paid membership program called Target Circle 360, offering free two-day shipping, same-day delivery, and other perks for a fee of $49 for the first year. The program aims to compete with Amazon's Prime and Walmart Plus and is part of Target's growth strategy to boost revenue and market share amid cautious consumer spending. The company is also upgrading its free Circle rewards program and expects same-store sales to decline between 3% and 5% in the first quarter.
Target reported higher holiday-quarter earnings with a smaller-than-expected sales decline and plans to launch a paid membership program called Target Circle 360, offering unlimited same-day delivery. The company also aims to open 300 new U.S. stores and remodel existing ones, while introducing new products and services to boost sales. Target's CEO expects the new loyalty program and retail strategy to reignite sales, traffic, and market share gains in 2024, with an earnings outlook of $8.60 to $9.60 per share for the year.
Target launches a new paid membership program called Target Circle 360, offering unlimited free same-day delivery and free two-day shipping for orders over $35, aiming to drive sales amidst cautious spending. The company also plans to refresh stores, expand store-owned brands, and build new stores. Despite a decline in annual sales, Target reported a 58% increase in fourth-quarter profits, beating expectations. The new program will initially cost $49 per year, with a subsequent price of $99 per year, and is seen as a move to compete with Amazon Prime and Walmart Plus.
Target's CFO, Michael Fiddelke, discusses the company's strong fourth quarter earnings, attributing the growth in foot traffic to consumer resilience against inflation and higher interest rates. He teases a potential forthcoming membership program, emphasizing the company's focus on making consumers "fall more in love with Target." Fiddelke also highlights the company's cost-saving efforts and plans for sustained efficiency improvement, as well as the potential for opening more stores and expanding the Target Circle loyalty program.
Target is set to launch a paid membership program, Target Circle 360, offering perks such as unlimited free same-day delivery and free two-day shipping for an initial cost of $49 per year, which will later increase to $99. The retailer will also revamp its free Target Circle loyalty program and rebrand its credit card program. Target's move follows in the footsteps of Amazon and Walmart, who have successfully turned membership fees into a revenue driver. Walmart CEO Doug McMillon revealed that Walmart+ members spend nearly twice as much as non-members, prompting Target to pursue this new revenue stream to boost weaker sales.
Target is considering launching a paid membership program called Project Trident to compete with rivals like Amazon, Walmart, and Kroger. The program would offer free shipping and additional deals and discounts, similar to Amazon Prime and Walmart Plus. Target's sales have been slow due to cutting back on discretionary products, and the company is also considering incorporating its same-day grocery-delivery business, Shipt, into the program.
Target is considering launching a paid membership program, internally titled Project Trident, similar to Amazon Prime and Walmart Plus, offering free shipping and extra discounts. The program could cost around $10 to $15 per month and is expected to launch this year. Target will be competing with established programs like Amazon Prime and Walmart Plus, which offer free deliveries and additional deals. The retailer already has a free loyalty program called Target Circle and may integrate its grocery-delivery business, Shipt, into Project Trident.
Target has devised a clever strategy to compete with Amazon's Prime Day by offering a week-long shopping event called "Circle Days" without charging a membership fee. Unlike Amazon and Walmart, Target's membership program, called Circle, is free and offers rewards such as 1 percent cashback on future purchases. By eliminating the need for a paid membership, Target aims to attract customers without forcing them to choose between Prime and Circle. This approach allows Target to tap into the Prime Day frenzy while also building customer loyalty in the long run.
Best Buy is revamping its membership program by introducing two new tiers, My Best Buy Plus and My Best Buy Total, which will require an annual subscription. My Best Buy Total replaces Best Buy's existing Best Buy Totaltech membership and will cost $180 per year, while My Best Buy Plus will cost $50 per year. The new tiers offer benefits like free 2-day shipping, extended return windows, and tech support. The existing My Best Buy membership will continue to be free and offer free shipping with no minimum amount required. The new membership tiers launch on June 27.
Best Buy is replacing its $200 Totaltech membership program with a new version that offers perks such as tech support, waived delivery fees, and exclusive prices at three price points ranging from free to $179.99. The new program aims to appeal to a wider range of customers.
Best Buy is doubling down on its membership program, which will have three tiers, including a lower-priced option that offers perks like exclusive discounts and access to hot products. The consumer electronics retailer is looking for ways to make money and drive customer loyalty as it deals with a drop in demand due to consumers buying fewer discretionary items. The company expects revenue to range between $43.8 billion and $45.2 billion this fiscal year, representing a drop from the year-earlier period but an increase from before the pandemic. Best Buy's shares have fallen about 10% so far this year.
