Target (TGT) is testing a new delivery model that ships products directly from factories to customers' homes, Bloomberg reported Tuesday, citing people with knowledge of the matter.
The move aims to offer more low-cost items, similar to what Chinese e-commerce platforms provide such as Shein and PDD's (PDD) Temu, the report said.
The focus will reportedly be on non-food products like clothing and household goods.
Target regularly tests new ways to deliver products and services to its customers, Bloomberg said, citing a company spokesperson.
Target did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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