Sales of essential goods at Target soar in March as shoppers stock up

Thomson Reuters Foundation | Mar 25, 2020 at 7:32 PM
  • Target Corp said on Wednesday it saw a more than 50% rise in same-store sales so far in March for certain essential goods.
  • The biggest global names are cautious in admitting it, but after a decade of an e-commerce induced “retail apocalypse”, the coronavirus outbreak is providing the relief that big-box supermarket operators have been hoping for.
  • Shares of Target fell as much as 8.7% to $91.80.