Target Chairman and CEO Brian Cornell weighs in on the state of the retailer amidst the coronavirus pandemic in a Yahoo Finance interview.
Target’s physical and digital registers are humming again, in large part to the arrival of stimulus checks to households via the Coronavirus Aid, Relief, and Economic Security Act.
“We are all using our home as our office, educating our kids at home. And we saw a big surge in electronics and office supplies. Like most of us, we’re having a lot of meals at home. So we saw a big uptick in categories like home and kitchen,” Target Chairman and CEO Brian Cornell said on Yahoo Finance’s The First Trade. “When April 15 hit and those stimulus checks arrived, we saw a very different shopping pattern.
Target’s first quarter ended May 2, so it had a few weeks under its belt of consumers receiving their stimulus checks. The late in the quarter consumer spending splurge — seen at some other retailers namely Walmart and Home Depot — powered Target’s first-quarter comparable sales up 10.8%. Digital sales popped 141%. In April alone, digital sales surged 282% as consumers began to shop more discretionary categories such as apparel and home.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Memorial Day opening hours for Target, Lowes, Home Depot and moreWhich stores are open this federal holiday?
続きを読む »
Europe could target Silicon Valley with taxes to help it rebound from the coronavirus-fueled recessionAs different governments deal with the greatest economic crisis since the Great Depression, they will need fresh cash to support their economies.
続きを読む »
Bank of Canada head: inflation could return to target more slowlyThe Bank of Canada's policy framework is flexible enough to allow the inflation rate to climb back up to the bank's 2% target more slowly than on average, Governor Stephen Poloz said on Monday.
続きを読む »
ECB's Villeroy: inflation target is symmetrical, flexible and mid-termThe European Central Bank's inflation objective is symmetrical, flexible and can be targeted over the mid-term, ECB policymaker Francois Villeroy de Galhau said on Tuesday.
続きを読む »
UN exposes secret Libya mission that wanted to target Turkey – reportAt least 20 operatives from Australia, France, Malta, South Africa, Britain and the United States had travelled to Libya to support warlord Khalif Haftar and hit Turkish shipments to Tripoli-based UN-backed government, a new report says.
続きを読む »
Target Celebrates Pride Month With a Moving (& Inclusive) Collection That Has Something For EveryoneGet your pride clothing on! This Target Pride collection is inclusive, adorable, affordable, and colorful. Whatever your thing, wear some pride.
続きを読む »