This morning, Target announced its fourth quarter and full-year 2018 earnings results. Click here for the full results and see below for a snapshot of how we’re continuing to move our strategy forward.
Q4 & Full Year 2018
Key Results and Updates on Strategic Initiatives
We laid out a multi-year strategy in 2017 to transform our business in service to our guests. We have achieved significant progress in a short period of time, and 2018 marks our most successful year-over-year performance in well over a decade.
In 2017, we said we would reinvent our supply chain to deliver products to our guests and our stores with increased speed, accuracy and reliability. As a result, we’ve enabled a wide variety of industry-leading services.
Since acquiring Shipt in 2017, we’ve rolled out same-day delivery in more than 200 markets across 47 states. Shipt membership has doubled in the last year, bringing groceries and merchandise to even more guests when they need it. As we’ve scaled Shipt nationwide, the platform has added more retailers to its roster than in the previous 2 years combined, now delivering from more than 60 national/regional retailers.
After testing in 11 markets in 2017, today, Drive Up is available at nearly 1,000 stores coast-to-coast. We made close to 2 million parking lot deliveries last year. Not only is it a hit with guests and growing quickly—with delivery times under 2 minutes from store to lot—walking an order just outside our doors is fast and efficient.
Available at all Target stores, Order Pickup allows guests to order