retail news in context, analysis with attitude

• Target yesterday reported Q2 revenue of $17.78 billion, seven percent higher than the same period a year ago, on same-store sales that were up 6.5 percent. In addition, Target posted a 41 percent increase in digital sales.

Target’s success, the Wall Street Journal writes, “is partly due to a strong consumer economy: Rising wages and low unemployment are helping retailers across the board. But it is also a sign that the company’s $7 billion investment to revamp its business is paying off.”


USA Today reports that Oprah Winfrey now is out with her own line of frozen pizza, albeit with crust that is one-third cauliflower, which keeps down the carbs.

The brand, called called O, That’s Good! and manufactured by Kraft Heinz, consists of “11-inch pies, which serve five people, (which) come in Five Cheese, Uncured Pepperoni, Supreme and Fire Roasted Veggie flavors. The suggested retail price is $6.99. Each serving contains 280 to 330 calories and 3 to 5 grams of saturated fat.”

Melissa Abbott, vice president of culinary insights at the Hartman Group, tells USA Today that this reflects an important trend: "In the American food culture, we’re at a stage now where health and wellness is merging with culinary aspirations. There’s a seismic shift in terms of what was acceptable in the '80s, '90s and even the 2000s. Yes, you should eat vegetables, but it was 'grin and bear it.’"
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