Target Has Found Its Footing During Pandemic
One of the surprise beneficiaries from all of the disruption COVID-19 has brought to the U.S. is Target (NYSE: TGT). The big-box retailer is shining now that customers have been given an incentive to try its same-day online services, many for the first time.
In the first quarter of 2019, which included only about a month and a half of COVID-19 impact, comparable sales rose 10.8% on the back of a 141% increase in digital sales. This could be the start of a big transformation of the business, and investors should take notice.
Image source: Target.
Source Fool.com
