Target's coronavirus-led online sales surge comes at heavy costs
Share:
(Reuters) - Target Corp's quarterly online sales surged 141% 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 wages for working through the pandemic."Last quarter was unlike anything I've ever seen," Chief Executive Officer Brian Cornell told reporters...