Reitmans

The retailer is giving its own brands a boost with forthcoming launches and line extensions in several key categories.

Owned brands such as the new Kindfull pet brand added to a streak of Q3 sales gains that go back to 2019, as all five core merchandising categories saw huge sales gains in the latest Q3 2021 report.

Retailer reported growth upon record growth for the second quarter, including a rise in store brand market penetration.

In addition to big sales increases in the apparel and home categories, sales of Target’s private brands grew 36% in the first quarter of 2021.

Four private brands from the retailer are earning more than $2 billion in sales, Target said during its financial community meeting and fourth-quarter report, also highlighting annual sales up nearly 20% and Q4 same-store sales up 20.5%.

Michael Fiddelke obtains new role, Cathy Smith retires and Mark Tritton resigns