Target Proves Its E-Commerce Can Be Profitable
Second-quarter earnings at Target (NYSE: TGT) showed that not only is its digital footprint growing, but also that e-commerce can be a profitable endeavor for a major retailer.
At a time when analysts estimate Walmart (NYSE: WMT) will lose as much as $1 billion on its e-commerce efforts this year, Target says the billions it's invested in its online capabilities are helping boost profitability as margins expanded for the first time in almost three years.
A Shipt employee picking a grocery order at Target, which purchased the grocery delivery service last year. Image source: Target.
Source Fool.com
