Target's Sales Growth; Amazon Expands Whole Foods Deliveries; and More

The numbers you need to know today

March 6, 2018

Expanded Initiatives: Target reported comparable sales increased 3.6% in Q4 2017, thanks in part to strong traffic growth in both stores and ecommerce. The retailer also said it will expand its Drive Up service to 1,000 stores by the end of 2018. The service lets consumers place orders online and have them brought directly to their cars

Speaking of Expansion: Amazon is expanding its Whole Foods Market delivery service to Atlanta and San Francisco. Via the service—which first launched last month in Austin, Cincinnati, Dallas and Virginia Beach—Prime customers can get Whole Foods groceries delivered within a 2-hour window. 

Not Private Yet: Nordstrom's proposal to go private was rejected. According to The New York Times, "the retailer’s board rejected a roughly $8.4 billion offer from the Nordstrom family to buy the company, saying the price was too low." Nordstrom has been wanting to go private for a few months now, first signaling its intention to do so in June 2017.