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CLAIM #55776 · TGT (TGT) · 2023Q4 earnings call · Mar 5, 2024 · due Jun 30, 2024

soon we'll launch books, puzzles and toys with all items in our spring assortment priced under $20.

Jill Sando · EVP, Chief Merchandising Officer

PENDING
graded after results covering Jun 30, 2024 are reported

In context

d in toys called Gigglescape. Jill Sando: Kids related categories are huge for Target and toys plays a key role in keeping Target relevant with families. National brands like LEGO and exclusive brands like Our Generation have made Target one of the biggest toy retailers in America. And the addition of Gigglescape gives consumers on more only-at-Target reason to shop toys. Gigglescape is important for a few reasons. It's consumer-centric. It's our first owned brand design specifically for generation alpha and their unique needs. It's filling white space in our owned brand assortment and it has us poised to drive growth in a high-margin category. And Gigglescape is priced to be accessible to all families. Just a few weeks ago, we launched our stuffed animals. Most are priced under $10 and soon we'll launch books, puzzles and toys with all items in our spring assortment priced under $20. That kind of pricing makes it perfect for gifts and for the spur-of-the-moment purchases because your child is being good today. This is a brand that makes our toys destination -- our toys department a destination even when your Target run was inspired by something else and makes Target an even stronger destination for toys. A. Hennington: I love them. They're super cute. Okay. Rick, our frequency categories play such a crucial role in driving trips. And with up & up and dealworthy, we're giving our guests new reasons to choose Target. Can you tell us about that? Richard Gomez: Yes. Well, as you know, Christina, we invest a lot of time listening to consumers to better understand their needs. And one of the themes that we are consistently hearing is the need for value and affordability.

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SEC filings for TGT · Claim quote is verbatim from the 2023Q4 earnings call.