Target and Walmart’s online sales continue to soar during the pandemic. Target reported online sales jumping 141% last quarter and 282% by April. Their numbers indicate that spending on more non-essential goods is beginning to increase: Apparel sales surged during the last half of the month after previously being down. Meanwhile, Walmart’s Q1 revenue was also up from 2019, and they saw an “eye-popping” 74% increase in sales from its e-commerce platform. The retailer has seen a wave of “relief spending” in areas like toys, clothes, TVs and video games that show consumers are more willing to shop than they were when the crisis began. (CNN, Sourcing Journal, NYMag)
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