Target and Shopify team up to expand Target’s third-party marketplace

Date:

Share post:


Shopify merchants can now sell their items to Target’s millions of shoppers, thanks to a new partnership. The companies announced on Monday that sellers on the commerce platform can apply to join Target Plus, the retail giant’s third-party marketplace where merchants can sell and manage orders.

Target is the first major retailer to collaborate with Shopify to introduce its merchants’ products into physical stores. The initial group of Shopify sellers to be featured at Target include True Classic and Caden Lane, among others. 

Target Plus launched in 2019 to allow consumers to discover new products from third-party retailers, such as Crocs, Maui Jim, Timberland, and Ruggable. However, the retailer lags behind rivals like Amazon, eBay, and Walmart. In the face of stiff competition, Target is making a strategic move by partnering with Shopify to boost its third-party marketplace, which currently hosts 1,200 sellers, a fraction of Amazon’s nearly 2 million selling partners and Walmart’s 135,000. 

The partnership announcement follows Target’s unsatisfactory quarterly results, which showed a 3.7% decline in comparable sales. This marks the fourth quarter in a row of decreasing comparable sales for the company. Additionally, Target’s overall sales dropped by 3.2% in the first quarter of 2024. 



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Zepto raises another $350 million amid retail upheaval in India

Zepto has secured $350 million in new funding, its third round of financing in six months, as...

YouTube Shorts’ Dream Screen feature can now generate AI video backgrounds

YouTube announced on Thursday that its Dream Screen feature for Shorts now lets you create AI-generated video...

Battery unicorn Northvolt files for bankruptcy, upending Europe’s industrial plan

Beleaguered Swedish battery manufacturer Northvolt announced today that it was filing for bankruptcy in the U.S., striking...

Brave Search adds AI chat for follow-up questions after your initial query

Brave announced on Thursday that it’s introducing an AI chat mode for follow-up questions based on initial...

Cruise fesses up, Pony AI raises its IPO ambitions, and the TuSimple drama dials back up

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of...

WhatsApp rolls out voice message transcripts

WhatsApp announced on Thursday it’s rolling out voice message transcripts. The Meta-owned company says the new feature...

Threads adjusts its algorithm to show you more content from accounts you follow

After several complaints about its algorithm, Threads is finally making changes to surface more content from people...

Spotify tests a video feature for audiobooks as it ramps up video expansion

Spotify is enhancing the audiobook experience for premium users through three new experiments: video clips, author pages,...