Target Digital Comps Surge by Triple-Digit Rates
Target (NYSE: TGT) says first-quarter sales in stores and online have risen sharply because of the coronavirus pandemic, but they're mostly concentrated in essential goods and foods, while apparel and accessories are falling hard.
Although it withdrew its first-quarter guidance, the retailer provided an update on Thursday to highlight factors that are going to reduce its profitability for the period.
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Source Fool.com
