• Consumers continue to focus on value, and are responding to price reductions

• Smaller form factors — minis — also drove growth, “with travel on the rise and consumers looking for a little bit of affordable indulgence for at-home, too.”

These insights are from Target’s Q2 earnings call.

This was the trend of the summer: reining in COVID revenge spending but still adding luxury and indulgence around the margins, just downsized.

This holiday season projects to be a value bonanza