Target CEO on pandemic-fueled quarter: 'It was intense.'
May 20, 2020 at 08:29 AM EDT
Target Corp. on Wednesday reported its best sales growth in more than a decade, a sign that the effects of Covid-19 went well beyond the early days of panic buying by shoppers. But the retailer's profits suffered as consumers focused on lower-margin products and it spent heavily on store cleaning and raises for staff.