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Target Throwing Sale Party on Amazon Prime Day, Walmart Planning Online Sales Paralleling Prime Day and Costco Online Sales Jump 50% in 2020

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Target Throwing Sale Party on Amazon Prime Day

Only one day after Amazon announced its Prime day event for October 13 and 14, Target unveiled its own sales event during the same period. The retailer framed the sale event as the beginning of its holiday shopping season. “Target Deal Days” have historically been Target’s answer to Prime Day, which has previously taken place in July. Target also announced in a press release that there would be “Black Friday Pricing” throughout November as well as an extended price match guarantee. Target said there would be close to 1 million more deals this year than in 2019.

What stood out to us? Good weekend to go shopping.

Shopping carts

Walmart Planning Online Sales Paralleling Prime Day

Walmart is planning an online sale event from October 11 through the 15, which includes the days Amazon recently announced for Prime day on October 13 through the 14. A Walmart spokesperson said in an email that the sale will feature "Black Friday-like savings on thousands of items," including electronics, toys, fashion, beauty products and others. Walmart will offer free two-day or next-day shipping on some eligible items with orders over $35, with store pickup available as well on some items. Both Target and Walmart in the past have thrown their own online sales during Prime Day.

What stood out to us? Good weekend to go shopping.

Costco wholesale

Costco Online Sales Jump 50% in 2020

Increased online shopping during the COVID-19 pandemic led Costco Wholesale Corporation’s online sales to grow at the highest rate in the last five years during its fiscal 2020. Costco’s online sales grew 49.5% in the last 12 months which ended August 30 (its fiscal year), though it did not break out specific online sales figures. During Q4, ecommerce accelerated 90.6%, even faster than the 64.5% year-over-year growth in fiscal Q3 which ended May 10. Web sales grew 7.9% in fiscal 2019 and 9.7% in fiscal 2018. “Overall, our [ecommerce] sites were relatively smooth during the quarter despite the dramatic volume increases, and we were able to improve our delivery times throughout the quarter as we adjusted to the ramped-up order volumes,” executive vice president and chief financial officer Richard Galanti said on the call, according to a SeekingAlpha transcript.

What stood out to us? Finally, a way to avoid Saturday mornings at Costco.

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