Target's Q3 Earnings Show Same-Day Services Are Driving Sales Growth
The retail environment is evolving rapidly, especially after the coronavirus pandemic caused significant changes in consumer behavior. With folks looking to avoid crowded stores and shopping more online, retailers are scrambling to accommodate and some are managing that change better than others.
One issue that has arisen is consumers ordering online but wanting to get their products as soon as possible. Target (NYSE: TGT) has been making changes to meet that demand for same-day services, giving consumers the option to shop online and yet have access to their orders on the same day.
The feature has been driving increased sales for Target since the pandemic onset, and the retail giant's third-quarter results show it's working far better than expected.
Source Fool.com
