Target will take a bite out of its grocery competition with Good & Gather, experts say

Target Corp’s new food label Good & Gather will be a traffic driver that helps the retailer take a bigger chunk of the food business, experts say. “Target’s announcement that it was upping its food game with its new “Good & Gather” initiative is credit-positive as it will drive additional traffic, which in turn will drive increased sales of higher-margin private and exclusive non-food items,” said Charlie O’Shea, vice president at Moody’s. Target’s (TGT)  Good & Gather will be available Sept. 15 and be comprised of more than 2,000 products by the end of 2020.

source https://finance.yahoo.com/m/80f44468-9b8a-3022-9aa6-a1917a4b5f98/target-will-take-a-bite-out.html?.tsrc=rss

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