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塔吉特三季度击败沃尔玛

Phil Wahba
2020-11-23

塔吉特第三季度总体可比销售额增长了20.7%,这一增幅几乎是分析师此前预测额11.6%的两倍。

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上周三,塔吉特再次拿出了令人眼前一亮的季度财务业绩,向外界展示了其商品和电商策略出色的效果,也让这家折扣连锁店击败了其同行,尤其是像沃尔玛和科尔士这样的长期竞争对手。

由于其新家居装饰、Good & Gather食品品牌以及Cat & Jack儿童服饰线的大卖,塔吉特第三季度总体可比销售额增长了20.7%。Consensus Metrix称,这一增幅几乎是分析师此前预测额11.6%的两倍,推动公司股价在盘前交易中上扬了2.5%。得益于其对同日达递送服务的投资以及疫情期间备受购物者喜爱的路边取货方案,数字销售额增长了155%。

Gordon Haskett的一名分析师恰克•格罗姆在纪要中写道:“很明显,塔吉特不仅仅获得了新客户,同时还留住了他们。随着我们迈入2021年,这一点至关重要。”

沃尔玛本周亦给出了强劲的业绩,其电商业务增长了78%,整体可比销售增长了6.4%。由于杂货业务占到了沃尔玛销售的半壁江山,而且顾客在店面购买此类货物的数量通常要多于其他门类,因此沃尔玛在这一块很难实现大幅增长。

这两个连锁品牌均拥有庞大的产品门类,疫情期间,购物者合并了其出行计划以减少店内购物时间,这意味着它们获得了原属于弱小竞争对手的市场份额。

然而,塔吉特在其中一个领域轻易地击败了沃尔玛和其他大多数零售商,那就是吸引顾客进入店面,这种能力在疫情期间实属难能可贵。塔吉特实体店面的可比销售增长了9.9%。

到店购物者数量增长了4.5%,这一点得益于公司过去三年中所开展的70亿美元项目,涵盖店面翻修和美化;改善吸引客流量的门类,例如美容产品;更加专注于规模较小但十分重要的食品业务。作为对比,沃尔玛的店面可比销售仅温和增长了0.7%,而交易数量则出现大幅下滑。

塔吉特在其产品的视觉展示方面投入了大量资金,也让购物体验变得更具诱惑力,这对于依赖冲动型消费的塔吉特来说尤为重要。

GlobalData董事总经理内尔•桑德斯说:“能够以一种愉悦的体验来吸引消费者是零售业获得成功的标志之一,在疫情期间更是如此。”

很大一部分吸引力源于塔吉特在疫情前对新家居产品的偶然投资,而且刚好赶上了让其他零售商亦受益的家居改善热,例如家得宝和劳氏。

塔吉特首席执行官布莱恩•康奈尔在媒体电话会上对记者说:“家居将继续成为公司的关注点。由于长时间呆在家中,宾客们会花更多的时间做饭,更换家居装饰。”康奈尔称,家居产品销售业绩在上个季度提升了25%左右。

塔吉特从竞争对手那里抢夺的市场份额涵盖以下门类:电子产品,增幅超过50%;服装,增幅达到了10%(科尔士因此受累,称其第三季度下滑了14%)以及美容产品。

塔吉特第三季度净利润增至10.1亿美元,而去年同期为7.14亿美元。总营收同比增长21.3%,达到226.3亿美元,大幅超过了此前估计的209.3亿美元。

康奈尔预计塔吉特的态势将得以持续,因为假日购物季将于下周的黑五开始打响,尤其是玩具和电子产品门类。

他说:“很多人都已开始提前购物,但我们确实希望[购物]能够均衡地分布于整个假日季。然而,由于人们希望好好庆祝一下这个节日,因此我们预计会出现大量的赠礼消费。”(财富中文网)

译者:冯丰

审校:夏林

上周三,塔吉特再次拿出了令人眼前一亮的季度财务业绩,向外界展示了其商品和电商策略出色的效果,也让这家折扣连锁店击败了其同行,尤其是像沃尔玛和科尔士这样的长期竞争对手。

由于其新家居装饰、Good & Gather食品品牌以及Cat & Jack儿童服饰线的大卖,塔吉特第三季度总体可比销售额增长了20.7%。Consensus Metrix称,这一增幅几乎是分析师此前预测额11.6%的两倍,推动公司股价在盘前交易中上扬了2.5%。得益于其对同日达递送服务的投资以及疫情期间备受购物者喜爱的路边取货方案,数字销售额增长了155%。

Gordon Haskett的一名分析师恰克•格罗姆在纪要中写道:“很明显,塔吉特不仅仅获得了新客户,同时还留住了他们。随着我们迈入2021年,这一点至关重要。”

沃尔玛本周亦给出了强劲的业绩,其电商业务增长了78%,整体可比销售增长了6.4%。由于杂货业务占到了沃尔玛销售的半壁江山,而且顾客在店面购买此类货物的数量通常要多于其他门类,因此沃尔玛在这一块很难实现大幅增长。

这两个连锁品牌均拥有庞大的产品门类,疫情期间,购物者合并了其出行计划以减少店内购物时间,这意味着它们获得了原属于弱小竞争对手的市场份额。

然而,塔吉特在其中一个领域轻易地击败了沃尔玛和其他大多数零售商,那就是吸引顾客进入店面,这种能力在疫情期间实属难能可贵。塔吉特实体店面的可比销售增长了9.9%。

到店购物者数量增长了4.5%,这一点得益于公司过去三年中所开展的70亿美元项目,涵盖店面翻修和美化;改善吸引客流量的门类,例如美容产品;更加专注于规模较小但十分重要的食品业务。作为对比,沃尔玛的店面可比销售仅温和增长了0.7%,而交易数量则出现大幅下滑。

塔吉特在其产品的视觉展示方面投入了大量资金,也让购物体验变得更具诱惑力,这对于依赖冲动型消费的塔吉特来说尤为重要。

GlobalData董事总经理内尔•桑德斯说:“能够以一种愉悦的体验来吸引消费者是零售业获得成功的标志之一,在疫情期间更是如此。”

很大一部分吸引力源于塔吉特在疫情前对新家居产品的偶然投资,而且刚好赶上了让其他零售商亦受益的家居改善热,例如家得宝和劳氏。

塔吉特首席执行官布莱恩•康奈尔在媒体电话会上对记者说:“家居将继续成为公司的关注点。由于长时间呆在家中,宾客们会花更多的时间做饭,更换家居装饰。”康奈尔称,家居产品销售业绩在上个季度提升了25%左右。

塔吉特从竞争对手那里抢夺的市场份额涵盖以下门类:电子产品,增幅超过50%;服装,增幅达到了10%(科尔士因此受累,称其第三季度下滑了14%)以及美容产品。

塔吉特第三季度净利润增至10.1亿美元,而去年同期为7.14亿美元。总营收同比增长21.3%,达到226.3亿美元,大幅超过了此前估计的209.3亿美元。

康奈尔预计塔吉特的态势将得以持续,因为假日购物季将于下周的黑五开始打响,尤其是玩具和电子产品门类。

他说:“很多人都已开始提前购物,但我们确实希望[购物]能够均衡地分布于整个假日季。然而,由于人们希望好好庆祝一下这个节日,因此我们预计会出现大量的赠礼消费。”(财富中文网)

译者:冯丰

审校:夏林

On Wednesday, Target reported another set of blistering quarterly financial results that show how well its merchandise and e-commerce strategies are working, enabling the discount chain to outdo its peers, notably longtime rivals such as Walmart and Kohl’s.

Comparable sales at Target rose 20.7% in the quarter ended Oct. 31, stemming from the popularity of its newer home furnishings, its Good & Gather food brand, and the Cat & Jack kids’ clothing line. That was nearly twice the 11.6% growth analysts had been expecting, according to Consensus Metrix, sending shares up 2.5% in premarket trading. Digital sales rose 155% thanks to its investments in same-day delivery and curbside pickup options that are popular with shoppers during the pandemic.

“It’s clear that Target is not only gaining new customers but also retaining them, which will be critical as we move into 2021,” Chuck Grom, an analyst with Gordon Haskett, wrote in a note.

Walmart also reported strong numbers earlier this week, with e-commerce rising 78% and overall comparable sales rising 6.4%. Because groceries represent half of Walmart’s sales and are typically something people still buy in store much more than other categories, an astronomical lift is harder for Walmart to pull off.

Both chains, with their massive product assortments, have benefited from shoppers consolidating trips to reduce time in stores during the pandemic, meaning they’ve taken market share from weaker rivals.

But one crucial area where Target handily bested Walmart and most other retailers, was its ability to get people into stores, a feat all the more remarkable during a pandemic. Comparable sales at Target’s physical stores were up 9.9%.

And shopper visits rose 4.5%, the benefit of a $7 billion program in the past three years to remodel and beautify its stores, improve categories that drive customer traffic like beauty products, and better focus its smaller but important food offering. In contrast, at Walmart, store comparable sales were up a modest 0.7%, while the number of transactions was way down.

Target has invested heavily in the visual presentation of its products, making shopping enticing, all the more crucial given how much it relies on impulse purchases.

“Being able to draw people in for fun is one of the hallmarks of retail success, especially during a pandemic,” said Neil Saunders, managing director of GlobalData.

A big draw has been Target’s fortuitous investment pre-pandemic on new home products, just in time for a spending boom on home improvement that has lifted other retailers like Home Depot and Lowe’s, as well.

“Home continues to be a focal point,” Target CEO Brian Cornell told reporters on a media call. “With all that time at home, guests are cooking more and replacing home decor.” Cornell said home goods sales rose by a mid-20s percentage last quarter.

Other categories where Target is taking market share from rivals: electronics, up more than 50%; clothing sales, up 10% (hurting rivals like Kohl’s, which reported a 14% drop in third-quarter sales); and beauty products.

Target’s net earnings rose in the quarter to $1.01 billion, from $714 million a year earlier. Total revenue surged 21.3% to $22.63 billion, easily beating estimates for $20.93 billion.

Cornell expects Target’s momentum to continue as the peak holiday shopping season gets going next week with Black Friday, especially in categories like toys and electronics.

“Many have started to shop earlier, and we do expect [shopping] to be spread out during the holiday season. But they are looking to celebrate,” he said. “We expect a lot of gift-giving.”

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