After the pandemic boom online retail sales are slowing

After the pandemic boom online retail sales are slowing

by Lily White
0 comment 35 views
A+A-
Reset

20210522 Wbp507

But shoppers are still in splurging mood


20210522 Wbc274

ON MAY 19TH Target reported that digital sales rose by 50% in its latest quarter, year on year. That is a blistering pace—but not nearly as blistering as earlier in the pandemic. Walmart, Home Depot and other retailers have also recorded slowing e-commerce growth. But as shoppers emerge from self-isolation they are in a splurging mood. Target’s overall quarterly revenue of $24bn beat forecasts. Clothes in particular are flying off the racks, and not just sweatpants; the firm’s apparel sales jumped by over 60%.

Listen to this story

Your browser does not support the element.

Enjoy more audio and podcasts on iOS or Android.

This article appeared in the Business section of the print edition under the headline “After the pandemic boom online retail sales are slowing”

Read More

You may also like

Leave a Comment