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Stock impact report

Target Has a Warning for Amazon and the Rest of Retail [The Motley Fool]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: The Motley Fool
Target(NYSE:TGTLike itsMarch updateretail sectorComps are up more than 0% in the essentials and food and beverage categories, up more than 6% in hardlines -- which includes electronics and appliances -- and up slightly in home. However, comp sales for the apparel and accessories category have declined more than 0%.Digital sales surged 7% for the first few weeks of April, while social-distancing measures in its stores have caused in-store comparable sales to fall by the mid-teens.On a top-line basis, Target is clearly performing well. The company noted that it has gained market share across all of its core merchandise categories. However, the retailer is also taking on significant incremental costs, as changes in its supply chain to cope with the surge in digital sales and higher wages and bonuses for staff have added up. Target said it would continue its $/hour temporary wage increase through May 0, which comes on top of the $00 million investment in wages, bonuses, paid leave, and be Show less Read more
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