Sales at Target grew more than $15 billion in 2020, which was greater than the company’s total sales growth over the past 11 years. In addition, Target’s digital sales grew by nearly $10 billion in 2020, driven by 235 percent growth in the company’s same-day services.
“Following years of investment to build a durable, scalable, and sustainable business model, we saw record growth in 2020, as our guests turned to Target to safely provide for their families throughout the pandemic,” said Brian Cornell, chairman and chief executive officer of Target Corp., in a statement. “As we look ahead to 2021 and beyond, we see continued opportunity to invest in our business and our team, building on the strong foundation we’ve established to drive market share gains and deliver profitable growth for years to come.”
