Coronavirus boosts Target’s sales of essential goods as panicked shoppers stock up

Fox Business | Mar 26, 2020 at 2:53 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.