The surge came after Minneapolis-based Target announced a 17% gain in profit for its fiscal second quarter and a 3.4% jump in comparable sales. Executives also raised their profit outlook for the rest of the year.
The retailer's drive to revamp and update its house brands has now reached the grocery section. Executives say the new Good & Gather products won't have artificial flavors and sweeteners, synthetic colors or high-fructose corn syrup.
Most analysts agree that physical shopping, like manufacturing before it, is heading toward more automation. You can see the transition already with more self-checkout lanes and newer scan-and-go options.