For the three months ending May 2nd, Target posted an increase in comparable store sales of 10.8 percent compared to the corresponding period in 2019.  Digital sales advanced by 141 percent with an additional five million new consumers purchasing through Target.com.  Target was fortunate that fulfillment of digital sales was achieved using existing stores but with the addition of dedicated workers.

Target is however behind Walmart with respect to revenue per square foot of retail space attaining $341 compared to $510 for their competitor.

A review of the current quarter and guidance will be posted following release on August 19th.