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TARGET SALES SURGE AS AMERICANS LEAN ON BIG BOX STORES

AppleMagazine

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August 21, 2020

Target reported recorded-setting sales growth online and at established stores over the past three months, more evidence that big-box retailers have become essential points of supply during the pandemic.

TARGET SALES SURGE AS AMERICANS LEAN ON BIG BOX STORES

Online sales surged 195% and same-store sales spiked 10.9%, second-quarter growth that is unprecedented in the company’s 58-year history.

Walmart, Home Depot and now Target have reported eye-popping sales over the past three months as Americans limit their supply runs to fewer stores and do more cooking and do-it-yourself projects at home.

The shift in behavior is reshaping the retail landscape at the expense of mall-based retailers and other stores forced to close this year. Many were struggling before the pandemic because of what Americans buy and where they buy it.

MEER VERHALEN VAN AppleMagazine

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GMAIL USERS AT RISK AS 183 MILLION CREDENTIALS EXPOSED IN MASSIVE GLOBAL LEAK

A sprawling new data breach has exposed more than 183 million email addresses and passwords, including tens of millions linked to Gmail accounts, in what cybersecurity experts are calling one of the most extensive credential leaks ever recorded.

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NVIDIA EXPANDS AUTONOMOUS DRIVING PUSH WITH UBER, STELLANTIS, LUCID, AND MERCEDES-BENZ PARTNERSHIPS

The partnerships bring together carmakers, ride-hailing networks, and next-generation vehicle platforms under Nvidia’s Drive Thor and Drive Hyperion ecosystems—hardware and software solutions that fuse real-time data processing, sensor integration, and machine learning to enable safer, smarter, and eventually self-driving vehicles.

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NVIDIA'S JENSEN HUANG SAYS THE AI BOOM IS REAL, NOT A BUBBLE

As investor enthusiasm for artificial intelligence continues to dominate global markets, questions have begun to surface about whether the current wave of capital and speculation surrounding AI companies has outpaced economic fundamentals.

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CHINA'S NEW FIVE-YEAR PLAN PULLS BACK SUPPORT FOR ELECTRIC VEHICLES AFTER SUBSIDY-DRIVEN EXPANSION

China's latest five-year plan signals a significant recalibration of its industrial priorities, with electric vehicles (EVs)losing the central role they held in previous policy cycles.

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APPLE'S SERVICES DIVISION IS NOW BIGGER THAN TESLA, PEPSI, AND DISNEY - AND STILL GROWING

Apple's services division has quietly evolved into one of the most powerful profit engines in the world — a business so large that its annual revenue now exceeds that of global giants like Tesla, PepsiCo, and Disney.

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APPLE'S PATH TO $4 TRILLION: HOW IPHONE SALES REIGNITED ITS LONG-TERM MARKET ASCENT

Apple has reached a US $4 trillion market capitalization, a landmark built not on a single breakthrough but on almost two decades of steady expansion anchored by the iPhone.

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AppleMagazine

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APPLE PLANS MAJOR OLED EXPANSION FOR FUTURE IPAD AND MACBOOK MODELS

Apple is preparing to bring OLED display technology across its iPad and MacBook lineups, marking one of the most significant shifts in the company's display strategy since the introduction of Retina screens more than a decade ago.

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ADOBE BRINGS YOUTUBE SHORTS INTEGRATION TO PREMIERE PRO, STARTING WITH IPHONE USERS

Adobe has introduced direct YouTube Shorts integration into its Premiere Pro editing suite, beginning with support for videos shot on iPhones.

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U.S. DEPARTMENT OF ENERGY FORMS $1 BILLION PARTNERSHIP WITH AMD TO DEVELOP SUPERCOMPUTERS FOR AI AND RESEARCH

The U.S. Department of Energy (DOE) has announced a landmark $1 billion collaboration with Advanced Micro Devices (AMD) to design and build two next-generation supercomputers aimed at tackling some of science’s most daunting challenges—ranging from fusion energy and cancer research to national security and advanced artificial intelligence.

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MUSK'S NEW GROKIPEDIA PLATFORM CRASHES ON LAUNCH DAY AFTER HOSTING NEARLY 900,000 ARTICLES

Elon Musk’s latest digital project, Grokipedia, experienced a full system outage within hours of its launch this week after its servers were overwhelmed by traffic and database activity.

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