Target Corp on Wednesday reported its best quarterly comparable sales growth and online revenue that nearly tripled as shoppers lapped up ...
REUTERS: Target Corp on Wednesday reported its best quarterly comparable sales growth and online revenue that nearly tripled as customers took advantage of the retailer's quick and contact-free delivery to shop for clothes, videogames and stationary.
While foot traffic at Target stores rose 4.6per cent, Walmart said on Tuesday it saw a 14per cent decline. Cornell added that even as the effect of government support has waned, sales remained strong in June and July with August off to a"solid start," recording low double-digit growth. The group's comparable sales, which include online and store sales, jumped 24.3per cent in the quarter, handily beating expectations of a 8.2per cent increase, according to IBES data from Refinitiv.
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