Wednesday, May 20, 2020

Target's 141% digital growth during pandemic pushes sales and costs up

Retail Dive
In a first quarter defined by the new coronavirus, Target's comparable sales rose 10.8%, the company said in a press release.

Digital sales, which rose a whopping 141%, accounted for 9.9 percentage points of that comp expansion. Helping to drive that figure were Target's same-day services — pick up, drive up and Shipt — which grew 278% in Q1.. . . more