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Target sales jump 20% as shoppers stock up to face coronavirus

March 25, 2020

Via: Fortune

Americans stocking up on essentials as they hunker down during the ongoing coronavirus outbreak have sent sales at Target way up so far in March, even as the crisis creates various new challenges for the discount retailer.

Target, considered an essential store by many local authorities because it sells food, medicine and cleaning products, said on Wednesday that comparable sales, a metric that excludes results from newly opened or closed stores, have risen 20% so far this month in what the company called an “unprecedented surge” of customer shopping.

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