*Third quarter comparable sales grew 12.7 percent, on top of 20.7 percent growth last year. -Comparable sales growth was driven entirely by traffic. -Store comparable sales increased 9.7 percent, on top of 9.9 percent growth last year. -Digital comparable sales grew 29 percent, following growth of 155 percent last year. -Same-day services (Order Pickup, Drive Up and Shipt) grew nearly 60 percent this year, on top of 200 percent last year. -More than 95 percent of Target's third quarter sales were fulfilled by its stores. *All five core merchandise categories delivered double-digit comparable sales growth, on top of strong sales performance last year.
On the heels of last week’s House action on postal reform, the Senate this week got into the game by introducing companion legislation, the Postal Reform Act of 2021, to address USPS financial, service and transparency reforms. This bipartisan legislation, led by Senate Homeland Security & Governmental Affairs Committee Chairman Gary Peters (D-MI) and Ranking Member Rob Portman (R-OH), is substantively identical to the legislation of the same name that was approved by the House Oversight Committee last week.
The bill was introduced with strong bipartisan co-sponsorship, including nine Democrats and eight Republicans, which bodes well for committee passage and – eventually – 60 votes on final passage.
Like its House counterpart, the Act focuses on key financial reforms that have been long-sought by the printing and mailing industry, including: 1) elimination the onerous retiree pre-funding requirement; and 2) integrating postal retirees’ health care into Medicare. According to Senator Portman, these two reforms alone would save $45.9 billion in savings for USPS over the next 10 years.
more at source: https://www.piworld.com/post/senate-gets-into-the-postal-reform-game/#ne=d7f0e6e16b0d037f71fc050491da5623&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2021-05-20