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Sales Numbers Surging at Certain Retailers During Pandemic

August 19th, 2020

Target reported recorded-setting sales growth online and at stores over the past three months, more evidence that big-box retailers have become essential points of supply during the pandemic. Online sales surged 195% and same-store sales spiked 10.9%, second-quarter growth that is unprecedented in the company’s 58-year history. Target, Walmart and Home Dept have reported eye-popping sales over the past three months as Americans limit their supply runs to fewer stores and do more cooking and do-it-yourself projects at home. The shift in behavior is reshaping the retail landscape at the expense of mall-based retailers and other stores forced to close this year. Walmart reported online sales nearly doubled in its most recent quarter after it expanded online services. Home Depot, the nation’s largest home improvement chain, reported a 23.4% increase in global sales at established stores Tuesday.