Target’s prepared for COVID-19 as new year imports slip — Panjiva
MENU

Panjiva_research_logo

Target’s prepared for COVID-19 as new year imports slip

China 2393 Cons. Discr. - Apparel 318 Cons. Discr. - Durables 248 Cons. Discr. - Retailing 249 Coronavirus 256 Earnings 414 South Korea 475 U.S. 4229 Vietnam 250

Retailer Target has reported earnings and guidance below analysts’ expectations. While growth in most categories was robust there was “softness in toys” and the firm was “disappointed with our performance in electronics” according to CEO Brian Cornell. U.S. seaborne imports linked to Target may have slipped in the new year with an 8.0% year over year decline in January and February combined. The firm “hasn’t seen a large impact on our business or outlook” from the COVID-19 coronavirus outbreak though it has “made some slight adjustments to our plans” for the rest of the year, CFO Michael...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.