pexels karolina grabowska 5632379 1024x1536 - What Target Is Doing Right In The Pandemic Era E-Commerce Race

What Target Is Doing Right In The Pandemic Era E-Commerce Race

According to target earnings release, in Q3 ending Oct. 30, its digital comparable sales grew 29% after leaping 155% in Q3 of 2020. In comparison, Amazon’s Q3 net sales grew 15% and Walmart’s Q3 U.S. e-commerce sales grew 8%. While Amazon is the dominant category leader, which won’t change anytime soon, Target offers some key lessons. Seeking Alpha reports that Target has a faster-growing e-commerce business than both Walmart and Costco, which I believe has often been overlooked due to the company’s smaller overall size. So, how does Target continue to outperform its competitors? What exactly is the retail giant getting right?

To read more visit Forbes

Leave a Reply

Your email address will not be published. Required fields are marked *