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.
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— Itay Paz