Author Topic: Target joins Walmart, Home Depot in reporting record-setting sales amid pandemic  (Read 311 times)

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Online mystery-ak

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Target joins Walmart, Home Depot in reporting record-setting sales amid pandemic
By John Bowden - 08/19/20 11:22 AM EDT

Target announced surging sales in its second quarter earnings report on Wednesday, joining several other major retailers that have seen success as COVID-19 forces many Americans to remain at home.

A post on Target's corporate blog indicated that sales on its website and other digital platforms were up nearly 200 percent, while in-store sales also surged almost 11 percent.

The company's total growth in sales over the same period last year, 24.3 percent, was a company record, according to the earnings report. It also touted Target's efforts to operate under modified circumstances due to concerns about coronavirus, noting that more than 90 percent of the company's growth in the second quarter was from in-store sales.

The report also noted large jumps in the use of Target's in-store pickup service as well as delivery through its Shipt delivery service, where orders grew 350 percent in the second quarter.

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Offline catfish1957

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Sign of the times.....

Another Market Milestone was reached too today....

Apple became the first company in history to reach $2T Market Cap.
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This will continue right up to Election day.    Then a week later, after all the mail in ballots are tabulated and the winner of the 2020 election is named............
Any political party that can't cough up anything better than a treacherous brain-damaged old vulture like Joe Biden deserves to die a slow death.

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