11/19/2023 0 Comments Target online shopping sale items![]() Click and collect bolsters Target’s sales growth In 2022, Target ecommerce sales will grow 22.3% YoY to $23.89 billion. All five core merchandise categories (apparel, food and beverage, household essentials, home furnishings, and hardlines) delivered YoY growth in the double digits. Insider Intelligence estimates Target’s US ecommerce sales will grow 22.3% year-over-year (YoY) to $24 billion in 2022.Īfter a record-breaking year in 2020, Target’s overall sales continued to grow in 2021, delivering $106 billion in total revenue-a 14.7% increase YoY. From 2019 to 2021, its online sales have surged nearly 188.6%. The big-box retailer’s ecommerce growth, in particular, has been extraordinary. Target’s annual revenue places it among top US ecommerce companies Insider Intelligence broke down some of the key findings from Target’s 2021 Annual Report, as well as what the retailer is planning in 2022 to continue strengthening its position in the retail market. The company’s omnichannel presence, adaptability, and accessibility not only delivered families the items they needed to weather a difficult time, but also paid off with record-setting revenue growth. Do you work in the Ecommerce and Retail industry? Get business insights on the latest tech innovations, market trends, and your competitors with data-driven research.Īmid the chaos of the pandemic, Target was deemed an essential business for its ability to provide consumers everything from food, cleaning supplies, and medicine to child-care items and equipment for remote work and elearning.We’ve broken down Target’s earnings and other key highlights from its 2021 Annual Report and our recent forecasts.Several years of strong ecommerce growth (including a 143.8% sales increase in 2020) has transformed the big-box retailer into an ecommerce powerhouse. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |