Target profit sinks 64% as COVID-19 costs offset gains from sales surge

May 20, 2020 admin Business News Comments Off on Target profit sinks 64% as COVID-19 costs offset gains from sales surge

Target Corp reported a 64% plunge in quarterly profit on Wednesday, pummeled by costs to tackle the coronavirus outbreak, even as panic-buying during the crisis lifted the big-box retailer’s online and store sales.

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Source:: Reuters – Business News