- Target Corporation reported a 21% increase in sales in the second quarter, exceeding expectations and reaching $25 billion. The retail giant also saw a 90% growth in digital sales, as online shopping continues to surge amid the pandemic.
- In response to the coronavirus pandemic, Target announced plans to hire over 130,000 seasonal workers for the holiday season. This represents a 20% increase from last year, as the company anticipates high demand for both in-store and online shopping.
- Target’s stock price rose by 5% following the positive earnings report, reaching a new all-time high. The company’s strong performance has boosted investor confidence and solidified its position as a key player in the retail industry.
Read more at Barchart: What To Expect From Target’s Report