Here's What's Driving Target's Growth (and It Isn't Digital)

It's fair to say digital has been a major part of Target's (NYSE: TGT) growth story over the past year. As people opted to stay far from crowds, they flocked to Target online. And they used same day pick up and delivery services. Last year, the retailer's digital sales climbed by almost $10 billion. And same day services soared 235%.

But another element actually is driving Target's success. And the most recent quarter put that particular element in the spotlight. This part of Target powers the company's digital growth -- and overall growth. Importantly, it will keep Target's sales climbing well beyond the pandemic.

Image source: Getty Images.

Source Fool.com