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The Clark Howard Podcast

8.21.20 Click & collect is the present and the future; Clark Stinks

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 21 August 2020

⏱️ 36 minutes

🧾️ Download transcript

Summary

Retailers like Target are crushing it right now - in large part because they have done an incredible job with click & collect. Clark loves buying stuff and picking them up at nearby national retailers. Kim and Joel share the Clark Stinks posted on the web and share with Clark. Submit yours to: Clark.com/ClarkStinks. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Clark Howard Show where it's about you learning ways to save more and spend

0:11.1

less and don't let anyone ever rip you off and you and I have changed so much how we

0:19.8

do things.

0:21.5

Since the coronavirus era began for us in the United States in March and not all of us have

0:26.8

changed what we're doing but a huge percent of Americans have changed so much about think

0:33.6

about people who have the privilege of being able to work from home instead of in an office,

0:39.1

think about the people who are shopping online instead of going to physical stores and

0:43.8

then think about the massive success of curbside pickup.

0:49.5

You know, there have been a lot of businesses, restaurants, retailers that this last five

0:55.7

months has been brutal and has caused a huge number of businesses of all types to close

1:02.2

their doors.

1:03.2

But there have been a small number of big winners in the shifts that have taken place

1:10.7

and perhaps the biggest winner of all has been Target.

1:16.2

It recently announced that their sales are up by basically 25 percent.

1:22.2

The largest gain in the history of Target which I think is like 60 years old, they've

1:28.4

never ever had an increase in sales like that.

1:32.9

Their online sales are up just a whisker less than 200 percent.

1:40.8

They were ready for this shift, not even knowing a pandemic was coming and their customers

1:47.6

wanted it too.

1:51.0

People doing what is called by the analysts click and collect has been a huge success

1:59.2

for them and many other players where you order online and instead of waiting for a

2:06.3

paying for delivery, you go and you pick it up at a designated time.

...

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