NEW YORK, May 22 — US online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump, US retailers say.
Target said its online sales returned to growth in the first quarter ended May 4 after more than a year of declines. It cited more products available online and the popularity of same-day delivery.Bigger rival Walmart reported a 22 per cent surge in US online sales last week, exceeding the 17 per cent growth it recorded during the typically strong holiday season.
Delivery was a big draw, with those services availed at a higher rate than pickup in store, Walmart said. Target, by contrast, saw more of its shoppers use curbside pickup. Its ‘Drive Up’ offering generated over US$2 billion in sales in the first quarter. To be sure, some of the sales gains in the quarter were driven by spring sales events Walmart and Target launched to rival Amazon’s first ever “Big Spring Sale” in March.
Shipt Target
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