Target Sales In 2020 Grew More Than Last 11 Years Combined

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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