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Target's pandemic-era shifts fueled big 2020 sales gains

Target reported 2020 sales of $92.4 billion, a 19.8% increase over the previous year, fueled by a surge in digital sales and multichannel shopping as the retailer adjusted to serving customers during the pandemic. Same-store sales grew 20.5%, and the retailer said it gained about $9 billion in market share from competitors over the past year.

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