Target's new line of lower-priced owned-brand products, Smartly is comprised of more than 70 items, such as hand soap, paper plates, household cleaners and razors, which range in price from 59 cents to $11.99.
Target’s net income totaled $799 million, or $1.49 per share, and its same-store sales increased 6.5%, which was the retailer's highest comp growth in 13 years.
The retailer announced that John Bauer, who was most recently the chief logistics officer for TJX Companies, would take over the senior vice president of global inventory management role.
Orlando-based Williams Company Southeast has started the remodeling of six Target stores in Florida and North Carolina, and it will complete a total of 19 locations in 2018.
Target went head-to-head with Amazon by hosting its own one-day promotional event online on July 17, which the company said drove its highest single day of online traffic and sales for 2018.