Target has emerged as one of the winners of the pandemic in the US. While digital growth accelerated 145% to account for almost 18% of sales last year, its physical store network was central to this, fulfilling over 95% of digital sales. This year, Target will continue to grow its presence across the US with 40 new stores as it continues to enhance its omnichannel strategy. Increasing capex to...

Amazon's net sales increased by 44% year-on-year (YoY) to $108.5bn, and operating income increased 224%, to $8.1bn for the first quarter (ended March 31). International segment driving growth Amazon’s international segment grew 60%, compared to North America which grew 40%. The international business now accounts for 28% of Amazon’s total sales, versus 25% last year. Amazon continues to lau...

Following a strong first quarter, with consolidated net sales up 12.7%, Hershey has raised its outlook for the full financial year. Having initially forecast sales growth of 2-4%, it now expects growth of 4-6%. Source: IGD Research 1. New at-home behaviours are forming new traditions Families continue to embrace the at-home lifestyle, with its brands central to game and movie nights...