Target doubles new merchandise, expands next-day delivery for the holidays

Core Insights - Target is focusing on new merchandise as part of its turnaround strategy, emphasizing the importance of "newness and freshness" for customer engagement [3] - The retailer is launching thousands of seasonal gifts starting at $5 and will introduce weekly deals and a "Deal of the Day" with discounts up to 50% to attract value-seeking consumers [4] - Target's sales have recently declined, prompting the incoming CEO to implement changes to improve the business trajectory [5] Product and Service Expansion - Target is introducing 20,000 new products for the holiday season, which is double the amount offered in 2024, with over half being exclusive to the retailer [6] - The company is expanding its next-day delivery service to 35 major metro areas in the U.S. by the end of October, including cities like Orlando and St. Louis [6] - Seasonal hiring is being emphasized, with a flexible workforce of 43,000 employees available to take on additional shifts, and applications for seasonal roles are open [6]