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Target’s Sales Surge, but It’s Not Enough to Stay on Plan to Expand, Remodel Stores

Discount Retailer Spends Extra to Stock Shelves, Disinfect During Coronavirus Pandemic
Shoppers have been flocking to Target stores, like the one in Cupertino, California, to load up on household supplies and groceries. (Getty Images)
Shoppers have been flocking to Target stores, like the one in Cupertino, California, to load up on household supplies and groceries. (Getty Images)
By Jennifer Waters
CoStar News
March 25, 2020 | 6:56 P.M.

Target’s sales are on fire this month, but its costs are too. That’s forcing the big-box retailer to rethink new store openings and plans to remodel as it juggles finances and preserves cash.

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