Products Target is lowering prices on include milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter and coffee, among others.

In FMI's “Power of Private Brands 2023” report, 53% of consumers said private label offerings are very or extremely important in determining where they shop.

Despite a drop in revenue, net earnings were $971 million, or $2.10 per share on the common stock, compared with $712 million, or $1.55 per share, in the previous year’s third quarter.

This year, shoppers can find two new offerings from Rubicon Bakers exclusively at Target stores: Pumpkin Pie and Fudge Brownie Pie.

Walmart accounted for a whopping 36% of all US grocery e-commerce sales in the second quarter of 2023.

The product, which features dill and Dijon mustard flavor notes, is formulated free from the major nine allergens to provide an inclusive dip option for sharing occasions. 

The acquisition will enable Target Research Group to offer AI-powered insights for businesses in the food and beverage industry, the company said.

The company's charcuterie products will be sold at retail Target stores in 17 Midwest and Southern states.

The service will be available at all Target grocery stores that have both Starbucks Cafes and drive-up service.

The 2023 Target Takeoff Food and Beverage accelerator program is now in its third year.