Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Target's sales grew $15B last year, more than in last 11 combined


Rogelio V. Solis, Associated Press

Target gained $9 billion in market share this past fiscal year.

As the pandemic changed the way people shop, Target stayed one step ahead of most competitors, quickly expanding options for customers to buy products without shopping in stores.

The result: sales growth of $15 billion, more than the past 11 years combined, and a $9 billion gain in market share, the company said Tuesday.

Now, analysts are wondering how the Minneapolis-based retailer will keep its momentum and the market share gains. The company's shares were down nearly 6.8% for the day.


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