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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.

Reasons to Buy
  • 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.

Table of Contents

Executive Summary
  • Target Corporation's exposure to COVID-19
  • Target Corporation's operational responses to COVID-19

Key findings
  • Key conclusions

Geographic spread analysis - COVID 19 vs Target Corporation Group Sales
  • Global & regional impact
  • Impact score for Target Corporation versus competitors
  • Financials for Target Corporation versus competitors

Revised 2020 revenue forecast
  • Target Corporation’s exposure

Latest News
  • Indications from Stock Price and Influencers
  • Company reaction
  • Indications from recruitment trends
  • Service Expansion
  • Safety Measures

Appendix
  • Methodology

List of Figures
  • Spread of COVID-19- confirmed cases, number in treatment, recoveries and deaths.
  • Countries/ regions affected by COVID-19
  • Spread of Target Corporation group sales in 2019
  • COVID-19 global impact score for Target Corporation versus competitors
  • Target Corporation global revenue and year on year growth 2015-2020
  • Target Corporation exposure: by region vs regional impact levels

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Target Corporation
  • Amazon.com, Inc.
  • Walmart
  • JD.com
  • Alibaba
  • Kroger
  • The Home Depot
  • Walgreen Boots Alliance