Target $TGT is increasing its e-commerce infrastructure, adding sorting centers to improve home-delivery times and logistical efficiency.
They own a gig-delivery company called Shipt that they leverage to get products from those centers to homes.
A couple of months ago the stock tanked on news of inventory buildup following easing of some supply-chain blockages, and has cut margin expectations twice since.
Walmart literally a few seconds ago cut 2Q guidance as retail appears to be slowing due to recession fears.
Is Target building enough of an efficiency and reach improvement here to make up for the economy and supply fluctuations? Is it at its bottom on margins and likely to improve because of this structural change?
Leave a Reply