Target's November revenue is twice that of Amazon and Walmart

According to Bloomberg, Target has experienced a big boom, with its sales growth in November exceeding that of other companies. Data shows that Target's sales in November increased by about 10%, and its revenue is about twice that of Walmart and Amazon.

Target was considered one of the winners heading into the holiday season. Investments in offline stores and e-commerce, including curbside pickup for online orders, have helped it thrive. Target's stock has doubled in value since the pandemic hit in 2020.

According to data from location analytics company Placer.ai, foot traffic to stores across the U.S. this year is only 0.8% below 2019 levels, and overall visits to U.S. stores increased 5.7% in October and 0.1% in November compared to two years ago, indicating that consumers are beginning to resume shopping in offline physical stores.

Target sales have increased about 17% in the 12 months through October, and store visits to Target stores from Nov. 1 to Dec. 6 were up about 12% compared with a year ago. That’s nearly as much as Walmart’s growth and four times as much as Costco’s.

Retail sales have boomed this year as federal stimulus checks have pumped billions of dollars into the economy, and the industry has also benefited from Americans holding back on spending on travel and services as the pandemic continues.

Editor ✎ Xiao Zhu/

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