So much for the demise of brick-and-mortar retailing.
Target (TGT, +5.13%) on Wednesday reported a surge in shopper visits and digital sales that fueled its biggest comparable sales gain in 13 years, proving that its strategy to integrate stores and e-commerce is the winning one in competing with its chief rivals Amazon.com (AMZN, +0.77%) and Walmart. (WMT, +0.16%)
Its shares, which had rise 28% so far in 2018 through Tuesday’s close, rose another 6.8% to hit an all-time high.
