Target has excellent quarter due to online orders amid pandemic
The retailer’s shares jumped about 12% to a record high after it trounced estimates for quarterly profit and revenue
19 August 2020 - 19:02
Bengaluru/New York — Target reported its best quarterly, comparable sales growth and online revenue on Wednesday, which nearly tripled as customers took advantage of the retailer’s quick and contact-free delivery to shop for clothes, video games and home décor.
Shares of the Minneapolis-based retailer jumped about 12% to a record high of $153.77 in morning trading after it handily trounced estimates for quarterly profit and revenue...
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