Target Corp on Wednesday withdrew its financial outlook and said it would scale back on planned investments to focus on meeting surging demand as Americans stock up on essentials and stay home to slow the spread of the coronavirus outbreak.
"We'll need to prioritize the flow of food, medicine and other essentials for the foreseeable future." Till date in March, overall same-store sales at Target was up more than 20per cent from a year earlier, with sales of essentials, food and beverage up more than 50per cent.
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