Stimulus checks give retailers only a momentary sales boost, Instinet says [MarketWatch]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: MarketWatch
Retailers looking for a sales bump from stimulus checks might be disappointed. The boost from the extra infusion of cash to consumers will be short-lived, according to Instinet analysts, who say that April will still be an awful month for the category. Instinet cites commentary from Target Corp. , which said that sales trends improved "meaningfully" around April 15. "Target suggested that some of its mid-April bump was related to the stimulus," Instinet said. "We could see additional short-term bumps in sales as more government relief measures unfold." However, there are larger economic concerns that will suppress any long-term gains, including unemployment, stay-at-home mandates and store closures. Instinet estimates that April may be the trough for retail sales with comps down 38%. "But, we acknowledge that our estimates are subject to change depending on states' abilities to reignite their economies and, more broadly, how virus-related statistics play out." The Consumer Discretiona
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TGT
Earnings
- 11/19/25 - Beat
TGT
Sec Filings
- 11/26/25 - Form 10-Q
- 11/19/25 - Form 8-K
- 11/4/25 - Form 4
- TGT's page on the SEC website