This phrase signifies a specific brand of small kitchen appliance sold within a particular retail chain. It represents the intersection of a product (a toaster manufactured by Hamilton Beach) and a distribution channel (Target stores). This implies a consumer can purchase this specific appliance at this particular retailer. An analogous example would be “Walmart Black+Decker coffee maker.”
Understanding this combination provides valuable context for consumers. It allows for efficient product searches, both online and in physical stores. For businesses, this specificity is crucial for targeted advertising, inventory management, and market analysis. The historical context likely involves the growth of both large retail chains and branded kitchen appliances, making this type of combined term common in modern commerce.