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Retail giant Target is taking aim at millennials with its new home décor and accessories line, . The new line invokes a clean, simple aesthetic that is affordable and pleasing to the eye. Its tagline reflects this: “Everyday ingenuity that’s a joy to use.”
Launching both online and in stores on June 23, 2018, Made By Design features over 750 items, organized into six different categories: , , , , and . Most products stay below the $30 mark, with some listed for as little as $2. While furniture is more expensive, prices still accommodate young professionals and first-time homeowners.
The new line addresses shoppers looking to furnish, update and add to their first apartments and new homes. To determine its core audience, Target invested heavily in research about shoppers’ spending habits in the home department. Findings showed that shoppers would purchase some decorative items but seek out larger items and home furnishings at other prominent retailers like , , and IKEA.
Home Furnishings represented 19 percent of Target’s annual revenue in 2017, and the retailer aims to increase that number. Target spared no expense in researching the kinds of basic product designs and features customers wanted most in their homes. The company claims that developing this product line was “the most extensive guest research [they’ve] ever done.” It’s an investment that stands to have big payoffs, with 75 million millennials in the US now wielding spending power.
The goal of the line is to increase market share and capture guests who might look elsewhere for décor. According to the organization, “guests – especially those establishing their first homes – crave quality everyday items that will simplify their lives and complement their ever-evolving style – all without compromising affordability.”
Affordability is a huge component to Made By Design. Everyday ingenuity is present in everyday items, like $2 to $11 , beginning at $7 and for under $20. Solid color are reasonably priced and fit the back-to-basics aesthetic. in solid colors and simple designs also fall into line with the overall look and feel of the collection. In addition, matching organizational bins and boxes cater to homeowners who want to keep things simple.
In-house designers created the line under the direction of executive vice president and chief merchandising officer Mark Tritton. “Made By Design is the ultimate expression of our DNA – a commitment to democratization of impeccable design,” he says.
Target is betting a lot on the success of the Made By Design product line. According to the 2017 annual report letter, it’s “on pace” to generate more than $1 billion in annual sales. Reaching millennials may prove to be tricky, however. , 89 percent of millennials trust recommendations from friends and family more than claims by the brand.
The new line will join Target’s classic furniture and furnishings product line, which reportedly does $2 billion in sales a year, as well as its mid-century modern Project 62 line. The looks are designed to seamlessly blend with all of its other home product lines, such as .
Which Made By Design products will you be checking out on June 23? Let us know in the comments below. Photography by Target.