Sep 29 2022
Target Growth in 2021, Overcoming the Pandemic
Target has grown by tens of billions of dollars despite the COVID-19 pandemic.
The company is growing by investing in team members and taking care of stakeholders to create long term profitability.
2021 brought a new top of record growth with an increase in comparable sales by 12.7% from 2020. Not only were sales increased but Target was also able to fill more than 95% of orders.
Individual stores are growing more quickly than ever allowing remodels to take place in half of Targets two thousand stores with plans to continue remodels at a rate of 200 stores per year.
Plans to increase wages for team members and add more benefits for members and their families.
Target has a lot of potential that was shown through the past year and staying true to values set by the company allowed survival and growth through a tough time.
One response so far
Good paraphrasing, Tyson. But no worthwhile quotes?
Make it clear the info comes from the Annual Financial Report.