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-3.26328155592968E-05 0.000163164077796669 0.000652656311186492 0.000848453204542458 0.00310011747813598 0.00386535700300226 -0.000195796893355966 -0.00026106252447456
Stock impact report

Target's online sales skyrocket as shoppers stock up [MSN Money]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: MSN Money
A surge in online sal for Target in March and April offset the bulk of damage done by coronavirus lockdowns to in-store sal, but its margins continue to suffer along with profit from higher costs, the retailer said Thursday.© Reuters / LUCY NICHOLSONThe big box retailer said digital comparable sal had surged over 75% so far in April, with several days in the month recording more online sal than Cyber Monday, traditionally the busit day for e-commerce compani.Load ErrorHowever, the company expects margins to drop by 5-perctage points in the first quarter due to temporary wage increas of $ an hour for store and distribution cter workers as well as higher sal of low-margin products such as groceri. The company now plans to pay higher wag until May 0.Target, along with Kroger and Costco , is among a few compani that has befited from the spread of the pandemic.Other players in retail, pecially apparel chains and departmt stor, have tak a big hit from the pandemic, with some of them on the Show less Read more
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