logo
Plus   Neg
Share
Email

Target Issues COVID-19 Business Update - Quick Facts

Target Corp. (TGT) announced, quarter-to-date, total company comparable sales rose more than 7 percent, reflecting a slight decline in stores and more than 100 percent growth in digital channels.

"we are seeing record-setting digital growth, strong demand for our same-day fulfillment services and broad market-share gains across each of our core categories," said Brian Cornell, CEO of Target Corp.

Target also announced extensions of enhanced team member wages and benefits. The company will extend its $2 an hour temporary wage increase until May 30.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
Follow RTT