Target wins 2020: Q3 sales up 20.7 percent
THE WHAT? Target has reported its results for the third quarter of fiscal 2020. The US retailer saw comparable sales rise 20.7 percent thanks to an impressive 155 percent hike in digital sales and solid 9.9 percent in store sales.
THE DETAILS Basket size grew 15.6 percent in Q3, Target said, and traffic was up 4.5 percent too. Indeed, the multi-category retailer has racked up US$6 billion in total market share gains over the course of the year to date. Essentials and beauty sales saw broad-based growth in the high teens.……
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