COVID-19 Impact on Target Corporation and its future prospects

COVID-19 Impact on Target Corporation and its future prospects

Summary

The post coronavirus (COVID-19) company impact report analyses the impact of the COVID-19 outbreak on Target Corporation & its future prospects.

Target’s sales soared as consumers turned to the retailer to stock up on products during the pandemic

Target added more than 10 million digital guests during H1 2020 and registered strong growth in same day delivery and drive & collect pickup services.

Scope

• With an impressive comparable revenue increase of 24.3% in Q2 2020, Target is one of the beneficiaries of the pandemic - at least in sales terms.
• Digital sales rose by 195% on a comparable basis in Q2 2020
• Target’s good value for money in home and apparel will be beneficial in an environment where money is tighter.

• Use our revised 2020 forecast for Target Corporation to understand how it will perform this year.
• Use our charts to review how Target Corporation's sales are split by region globally and how these regions have been impacted by COVID-19.
• Use our in-depth analysis to review how Target Corporation has responded to COVID-19 and how this will affect its performance.