Target Corp. TGT is slated to release second-quarter 2016 results on Aug 17. We believe that Target's series of initiatives, such as the development of omni-channel capacities, diversification and localization of assortments, along with emphasis on smaller format stores, may help augment its performance in the quarter to be reported. The company plans to expand its merchandise assortments, with special focus on the well-performing categories like Style, Baby, Kids and Wellness. Moreover, management is keen on expanding the Food category. Target has also adopted an aggressive cost reduction strategy. However, the competitive retail landscape and lower discretionary spending may weigh upon its performance.