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Target hit a bullseye in the second quarter as an explosion of online shopping led the department store giant to record sales growth. The Minneapolis-based chain on Wednesday reported a 24.3 percent spike in comparable sales for the three months ending Aug. 1 — its biggest quarterly increase on record — driven by a massive …

Shrugging off gloomy predictions about the city’s future, big-league developers on Monday unveiled plans for transformative new projects on Harlem’s famed 125th Street, including a new Target. The deals — remarkable strokes of confidence in the midst of the COVID-19 pandemic — aren’t long-range pipe dreams either, but fully financed ventures that will break ground …

Read More: Target walks back forecast, will focus on supplying essentials during coronavirus outbreak Costco, Target see foot traffic drop after coronavirus stockpiling boom Target online sales surge, but rising coronavirus costs may hurt profits Americans use their stimulus checks to splurge at Walmart, Target and Best Buy

Major retailers including Walmart, Target and CVS have closed stores as protests over the police killing of George Floyd turned violent, according to reports. Walmart, the nation’s largest retailer, shut hundreds of stores Sunday afternoon as protesters clashed with police and looting roiled some places. Damage from protests kept dozens of Walmart stores closed all …

Amazon is preparing for a “Summer” Sale to lure back customers frustrated by shipping delays and other ordering woes that have plagued the online retailer during the coronavirus pandemic. Despite surging demand since the pandemic struck, Amazon has actually lost market share to rivals like Walmart and Target as weeks-long shipping delays and perpetually out-of-stock …

While many Americans have used their stimulus checks to cover basic needs such as groceries and paying off their mortgage or rent, there’s evidence people are also spending the money on non-essentials including electronics, clothes and toys, according to major retailers. “Call it relief spending, as it was heavily influenced by stimulus dollars, leading to …

Target Corp’s quarterly online sales surged 141 percent due to panic buying in the coronavirus crisis, the retailer said on Wednesday, driving results past Wall Street expectations even as its operational costs soared. The company said it had set aside nearly $500 million to spend on maintaining safety standards at stores and pay employees higher …

Target said on Thursday that rising costs from trying to meet the fast-changing needs of consumers during the coronavirus crisis were set to hurt its first-quarter profit and margins, even as it recorded robust online sales during March and April. The big-box retailer said digital comparable sales surged more than 275 percent in April, with …

Big-box stores are emptying out now that shoppers have built up their coronavirus stockpiles, new data show. Foot traffic at Target, Costco and Walmart has dropped after several weeks of huge increases amid pandemic-fueled panic shopping, according to figures from the analytics platform Placer.ai. “Once you have all the things you need, there is little …

Target 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. The big-box retailer said it now plans to remodel only about 130 stores in 2020, down …