Target Launches New Paid Membership Program Target Circle 360

Target is launching a new paid membership program called Target Circle 360 to increase revenue and compete with Amazon's Prime and Walmart Plus. Members will receive benefits such as free two-day shipping, same-day delivery, and exclusive discounts. The program will initially cost $49 for the first year and then increase to $99 annually. Target is also upgrading its free Circle rewards program and is cautiously planning for 2024 due to soft consumer spending.

• Target launches new paid membership program called Target Circle 360
• Members receive benefits such as free two-day shipping, same-day delivery, and exclusive discounts
• Initial cost is $49 for the first year, then increases to $99 annually
• Target is cautiously planning for 2024 due to soft consumer spending