Target sales grew by $15B in 2020, more than past 11 years combined
The pandemic led to a historic year for the Minneapolis retailer.
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Target s 4th Quarter results have revealed the retailer saw its sales rise a massive $15 billion in the entirety of 2020, more than the previous 11 years combined.
The onset of the pandemic saw sales boom at the retailer, with COVID-19 sparking a huge rise in grocery sales and online orders with Target one of the few essential retailers allowed to stay open in states that locked down.
Overall, comparable sales grew 19.3%, with in-store sales growing 7.2% and online sales growing a massive $145% – equivalent to an additional $10 billion in digital sales.
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