Market Maneuvers: New product opportunities at Target, Tesco
March 6, 2009
Target Corp. is “very pleased” with its stores’ food sales and plans to roll out enhanced assortments of dry grocery, frozen foods, dairy products, meat and produce in future new and remodeled stores. In an end-of-year (fiscal 2008) conference call with analysts, President and CEO Greg Steinhafel noted, “We’re still making some changes but that [food approach] seems to perform well enough to introduce it as a prototype element in the majority of new stores going forward.” . . . A recent Wall Street Journal review of Tesco’s U.S. business noted the retailer is rolling out a new lower-priced private label meats line, Buxted, and introducing everyday low pricing.