Target is rolling out Starbucks curbside pickup across the country as it looks for sales jolt
Publishing timestamp: 2023-08-09 07:00:01
Summary
Target is adding Starbucks drinks and food to its curbside pickup service at stores across the country. This move is aimed at boosting sales as consumers prioritize spending on experiences and buy fewer discretionary items. Target plans to expand this offer to its stores with Starbucks cafes and Drive Up service, with a chain-wide rollout expected by October. The company has seen success with its curbside pickup service, with customers spending 20% to 30% more at Target after trying Drive Up for the first time. Target will report its quarterly earnings next week.
Sentiment: NEUTRAL
Keywords: starbucks corp, target corp, breaking news: business, business news, business, retail industry,
Source: https://www.cnbc.com/2023/08/09/target-to-add-starbucks-curbside-pickup-across-the-country.html