Global Supply Chain Forum

The financial results from retailing giants have benefited from a series of events. In the cases of Home Depot and Lowe's, results are driven by home investments spurred by lockdowns, remote work and education needs. Walmart and Target were essential retailers during the COVID-19 pandemic lockdown and have leveraged shop online and pickup in store, delivery and curbside pickup.

All of those retailers have different levels of digital investments, but the results are stunning.

• Lowe's saw US same store sales increase 35.1% with Lowes.com sales up 135%.
• Home Depot US same store sales were up 25% in the second quarter. 
• Target's second quarter same store sales were up 24.3% with digital comparable revenue up 195%. Same-day services such as order pick up, drive up and Shipt grew 273%.
• Walmart same store sales in the second quarter were up 9.3% with e-commerce sales up 97%.