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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Retail

Target holds its own version of Amazon’s Prime Day, driving traffic and sales to yearly highs

Savvy shoppers scooped up deals on Dyson vacuums and Instant Pot pressure cookers

Amazon.com Inc’s (NASDAQ:AMZN) Prime Day sale was the talk of the town this week. However, savvy shoppers had other options for grabbing the latest deals.

In a push to boost its online traffic, Target Corp (NYSE:TGT) held a mega sale of its own.

Millions of shoppers flocked to Target's website, scooping up Dyson vacuums, Graco car seats, the Google Chromecast and the newly-popular Instant Pot pressure cooker.

READ: Target seals deal to roll out same-day delivery to its customers in New England

The one-day deal drove the highest single traffic and sales day of the year on the site, according to data provided by the retailer.

Nearly 90% of the orders placed yesterday will be fulfilled directly from the chain’s stores.

The sale overlapped with Prime Day as well as Target’s own week-long promotion for teachers to receive 15% off school supplies.

Shares of the Minneapolis-based retailer were up slightly to US$77.45 in Wednesday pre-market trading.

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