Same-Day Delivery Buoys Target's E-Commerce Growth [Yahoo! Finance]
Maplebear Inc. (CART)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
While digital comparable sales grew 1.4 percent, same-day services saw nearly 9 percent growth over the year prior. The same-day alternatives include the Drive Up curbside pickup service, in-store pickup and same-day delivery, which is powered by Shipt. More from Sourcing Journal Retail Tech: Kohl's Teams with Instacart for Same-Day Delivery, URBN Taps Stripe for Payments Target Seeing Momentum in Fashion Walmart Delivers 20% of Same-Day Orders Within 3 Hours Drive Up alone saw 13 percent year-over-year growth in the quarter. “This builds on the explosive growth of Drive Up that occurred during the pandemic, which was followed by double-digit increases in both 2022 and 2023,” said Brian Cornell, CEO of Target, during a Wednesday morning earnings call. “Altogether, at more than $2 billion in Q1, Drive Up sales were more than 30 times larger than we saw in the first quarter of 2019.” Across 2023, same-day services contributed $12.5 billion in total sales, the company has
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News
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- Target's renewed private-label push fails to stem market share drop [Yahoo! Finance]Yahoo! Finance
CART
Earnings
- 5/8/24 - Beat
CART
Sec Filings
- 6/14/24 - Form 4
- 6/12/24 - Form 144
- 6/6/24 - Form 8-K
- CART's page on the SEC website