At Best Buy, online sales were up 242% during its fiscal second quarter, with people stocking up on electronics and equipment for their home offices. Target, Dick’s Sporting Goods, Lowe’s, Tiffany and Home Depot all reported triple-digit growth online.
Will these eye-popping gains stick around? Likely not.
And not all e-commerce growth looks the same. Some retailers are finding ways to be more profitable than others.