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Friday, March 1, 2024

Target’s same-store sales up 17% over the holidays as it holds on to some of its pandemic gains

  • Target's comparable sales rose 17.2% over the holidays as e-commerce sales more than doubled in November and December.
  • Home goods were popular, with same-store sales up in the low-20% range compared with a year earlier.
  • The big-box retailer must prove it can hold on to market share gains as Americans get vaccinated and feel more comfortable returning to malls.

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