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

Spain’s exposure to climate change helps Madrid-based VC, Seaya, close €300M climate-tech fund

According to a recent Dealroom report on the Spanish tech ecosystem, the combined enterprise value of Spanish...

Forestay, Europe’s newest $220M growth-stage VC fund, will focus on AI

Forestay, an emerging VC based out of Geneva, Switzerland has been busy. This week it closed its...

A year later, what Threads could learn from other social networks

Threads, Meta’s alternative to Twitter, just celebrated its first birthday. After launching on July 5 last year,...

J2 Ventures, focused on military healthcare, grabs $150M for its second fund

J2 Ventures, a firm led mostly by the U.S. military veterans, announced on Thursday that it has...

HealthEquity says data breach is an ‘isolated incident’

On Tuesday, health tech services provider HealthEquity disclosed in a filing with federal regulators that it had...

Roll20, an online tabletop role-playing game platform, discloses data breach

The popular online tabletop and role-playing game platform Roll20 announced on Wednesday that it had suffered a...

Fizz, the anonymous Gen Z social app, adds a marketplace for college students

Teddy Solomon just moved to a new house in Palo Alto, so he turned to the Stanford...

Deep tech VC Sidney Scott explains why he’s closing his firm as this area booms

Sidney Scott decided to take himself out of the venture capital rat race and is now jokingly...