. And it appears to have brought in almost $3 billion in digitally originated sales in its fiscal Q1, which makes it Target's most lucrative digital sales quarter ever, including holiday quarters, by our estimates.
It posted 11.3% YoY overall sales growth in the quarter, but its cost of sales grew 18.5% YoY, limiting Target's ability to profit from its burgeoning sales. Fulfilling digital orders can introduce greater expenses than in-store shopping since Target needs to put the orders together and deliver them to consumers, so the increase in expenses is likely linked to its massive uptick in digital orders.
The retailer's stores fulfilled nearly 80% of its digital sales during the quarter, which can cut down on delivery expenses because stores may be closer to a consumer's home than a warehouse. Additionally, Target's in-store and curbside pickup services should eliminate all delivery fees, provided stores have the products consumers ordered and they don't still need to be delivered from a warehouse.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Inside California's beautifully bizarre Winchester Mystery House - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Target sees online sales skyrocket during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Target beats first-quarter earnings expectations, with digital sales up 141%Target reported first-quarter earnings and revenue that beat expectations. Oh great no need for Stores now says CEO-CAO
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »
Most popular housing markets among prospective homebuyers in April - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Everything has been closed in big cities
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Federal Reserve FOMC April meeting minutes show 2nd virus wave risks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »