Target Launches Partnership with Shopify
Jun 24, 2024 By MarketDepth
Target (TGT) unveiled a new partnership with e-commerce giant Shopify. The goal is to expand Targets marketplace offerings which can be accessed via Target+. With the explosion of online third party sellers, Target is trying to capitilize on the uptrend.
Target is up 2.5% intraday on the positive news as they try to diversify there offerings to help drive the bottom line. The stock is about flat on the year hitting a year high of $177 in March of this year.
Online sales will help companies like target grow and continue to drive the retail industry. As companies come to terms on how to compete with companies like Amazon everything is pointing to online sales.
