Q1 Results: Walmart, Target Lean on Groceries as Discretionary Spending Declines in Early 2023
Retail TouchPoints
MAY 18, 2023
overall, but omnichannel offerings helped offset this decline: same-day services saw unspecified mid-single-digit growth, led by high-single-digit growth in Drive-Up orders, and more than 97% of sales were fulfilled by stores. One area where Target made significant progress was cutting back on excess merchandise.
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