Target Sales Jump in First Quarter



Retailer Target Corp. saw sales rise 10.8 percent year over year during the first quarter as shoppers flocked its stores and website at the start of the COVID-19 outbreak.

Digital sales skyrocketed 141 percent year over year, while store sales were up 0.9 percent.

“With our stores at the center of our strategy, and a significant investment in the safety of our team and guests, our operations had the agility and flexibility needed to meet the changing needs of our business,” said Brian Cornell, chairman and chief executive officer of Target.

It is welcome news for retail real estate landlords pummeled by retail closures and bankruptcies during the pandemic.

Read Target’s full earnings report.