Target Expands Focus on Healthful Foods

MINNEAPOLIS — Target Corp. here said yesterday it has launched an initiative to place more emphasis on healthful food offerings. “We are expanding our assortment of healthy alternatives in our food categories, and we will be featuring those products more prominently and our circular and end caps,” said Gregg Steinhafel, president, in a conference call discussing results for the second quarter that ended July 29. He did not provide more detailed information. He also said Target has been able to raise prices at the shelf to accommodate the food-cost increases it has seen, and noted that the pace of inflation seemed to have abated in the second quarter. “The marketplace has been receptive in terms of passing through those cost increases along to the consumer,” he said. The company reported a 12.6% gain in net income, to $686 million, on a 9.5% gain in revenues, to $14.62 billion, compared with year-ago results. Comparable-store sales rose 4.6%.

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