Quartz: Double-Digit Online Sales Growth Still Isn’t Good Enough For Brick-And-Mortar Retailers

by MR Magazine Staff

The bricks-and-mortar retailer had boasted year-over-year online sales growth of at least 30% for the first two quarters of 2015, and for the third quarter of 2014. It was hoping for a similar performance during the third quarter of this year, but only achieved two-thirds of its goal. Digital-channel performance, while above industry levels, was weakened by slow electronics sales and sluggish growth in the apparel sector due to relatively warm US weather during the period, Target CEO Brian Cornell told analysts on a conference call today (Nov. 18) to discuss the company’s third-quarter results. Read more at Quartz.