May 27, 2021
The retail giant saw US comparable sales rise 6% year-over-year (YoY) in its last fiscal quarter (ending May 1, 2021). This growth was partly attributed to a continued surge in ecommerce sales, which rose 37% YoY and has more than doubled over the last two years. While its US comparable and ecommerce sales rose, both experienced a slowdown from the year prior, when the metrics jumped 10% YoY and 74% YoY, respectively. But last year’s spike was fueled by the start of the pandemic—when consumers focused on buying essentials and quickly shifted online.
7) Google unveils its vision of the future of video calling.
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— Itay Paz
Founder & CEO
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