List of Flash News about Target TGT
| Time | Details |
|---|---|
|
2026-01-10 16:35 |
Amazon (AMZN) Wins Approval for 228,000-Sq-Ft Supercenter Near Chicago, Intensifying Competition With Walmart (WMT) and Target (TGT)
According to @StockMKTNewz, officials in Orland Park, Illinois approved an approximately 228,000-square-foot Amazon (AMZN) supercenter near Chicago, a footprint comparable to a Walmart Supercenter, as reported by Business Insider; Amazon’s attorney described it as a more purpose-built and thoughtful approach to traditional big-box stores, indicating a significant brick-and-mortar expansion strategy by the e-commerce giant, source: @StockMKTNewz; Business Insider. The store is planned to offer groceries, general merchandise, prepared food, and services, with the ability for customers to place and receive online orders on-site, aligning physical retail with Amazon’s fulfillment model, source: @StockMKTNewz; Business Insider. Amazon already operates 58 Fresh stores, 14 Go convenience locations, and 500+ Whole Foods, making this a materially larger format than its current grocery and convenience footprints, source: @StockMKTNewz; Amazon company disclosures. The move positions Amazon in more direct competition with Walmart (WMT) and Target (TGT) in the supercenter category, which is relevant for traders tracking relative share dynamics in U.S. retail, source: @StockMKTNewz; Business Insider. For crypto market context, periods of positive correlation between U.S. equities and Bitcoin have been documented, so shifts in megacap retail sentiment can feed into broader risk appetite that crypto traders monitor, source: International Monetary Fund Global Financial Stability Note (2022). |