The Pandemic Has Proven Target Is a Top Retail Stock

Travis Hoium, The Motley Fool
·3 min read
The Pandemic Has Proven Target Is a Top Retail Stock

Target (NYSE: TGT) has long been viewed as one of the retail stocks on the losing end of e-commerce, and there are some valid reasons behind that. The company's website has never been particularly successful when compared to Amazon, and Target's lure was always its big, clean stores with a broad and curated selection of products, which didn't quite translate online. When the pandemic hit, it would have been easy to assume that Target would be one of those struggling to keep up as people shopped online.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Bank of Canada says any rate cuts would probably be gradual

    The Bank of Canada's (BoC) governing council agreed this month that interest rates would most likely only come down gradually, given the risks to the inflation outlook, minutes of the meeting published on Wednesday showed. The central bank kept its key interest rate unchanged at a near 23-year high of 5% on April 10 and minutes of the discussions before the announcement showed the six-member council was split on the timing of a possible cut. "While there was a diversity of views about when conditions would likely warrant cutting the policy rate, they agreed that monetary policy easing would probably be gradual, given risks to the outlook and the slow path for returning inflation to target," said the minutes.

  • Former SAS man who helped ambush IRA terrorists has jail sentence quashed

    A former SAS serviceman who took part in a deadly ambush of IRA terrorists has had his jail sentence quashed.

  • Gov. Gavin Newsom wants to let Arizona doctors provide abortions in California

    Arizona doctors can give their patients abortions in California under a proposal announced Wednesday by Gov. Gavin Newsom to circumvent a ban on nearly all abortions in that state. It would apply only to doctors licensed in good standing in Arizona and their patients, and last only through the end of November. Arizona's 1864 law banning nearly all abortions except if the mother's life is in jeopardy takes effect June 8.

  • Recent College Grad, 23, Dead After Falling 50 Feet from California Cliff: 'Rest Easy'

    "You could not have made the world any better of a place with the time you had on Earth," a loved one wrote of Jacob Parker

  • What is happening with Flamingo Land at Loch Lomond?

    A West Dunbartonshire Council meeting will discuss plans for the controversial resort.

  • Ukraine thanks US on long-awaited aid package, says it will make up for lost time

    President Volodymyr Zelenskiy said Ukraine would do its best to make up for half a year lost to U.S. congressional debate as he thanked President Joe Biden and Americans for approving a major U.S. aid package for Kyiv on Wednesday. The Ukrainian leader expressed gratitude in his nightly video address after Biden signed into law the $61 billion aid package for Kyiv, concluding a political deadlock in Congress that lasted six months. Ukraine has been suffering from acute shortages of artillery shells for months with more-numerous, better-equipped Russian forces slowly advancing in the east.

  • South Carolina sheriff: Stop calling about that 'noise in the air.' It's cicadas.

    South Carolina sees annual cicadas, and this year, will see the 13-year Brood XIX in multiple counties in the state. Beware: they are loud.

  • PBS Retro is a new FAST channel playing just the classics

    PBS just launched a new FAST channel called PBS Retro. It’s available on Roku and shows stuff like Reading Rainbow and Mister Rogers’ Neighborhood.

  • Getting a good night’s rest is vital for neurodiverse children – pediatric sleep experts explain why

    Sleep habits can be improved by making shifts in both daytime and evening routines.

  • Veteran DEA agent sentenced to 4 years for leaking intelligence in Miami bribery conspiracy

    A federal judge Wednesday sentenced a longtime U.S. Drug Enforcement Administration agent to four years in prison for leaking DEA intelligence to defense lawyers in a $100,000 bribery scheme that prosecutors said jeopardized drug cases and the lives of confidential informants. John Costanzo Jr. was found guilty last year of bribery and honest-services wire fraud, joining a growing list of DEA agents convicted of federal crimes. Another former DEA supervisor, Manny Recio, is scheduled to be sentenced next month in the same case.

  • Caterpillar, Deere inventories in focus as machinery demand plateaus

    Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for the sector. Coming off of a strong 2023 where supply chain concerns and soaring demand prompted dealers to bulk up on tractors, combines and construction equipment, U.S. machinery makers are now seeing a moderation in product stocking at dealers, forcing them to tighten their inventories. "I do think inventories are going to be the most important data point ... whether it's construction equipment, mining, or agricultural, just at what level are those inventories at the retail channel?" said Oppenheimer analyst Kristen Owen.

  • For Uniform Homemade Ravioli, Grab An Ice Cube Tray

    Homemade ravioli can tend to be uninspiring as one piece will be enormous while the next one is miniscule. This hack will bring uniformity to your pasta.

  • Sal’s Mexican is a legacy in Fresno, Selma. A teen tired of picking peaches founded it

    The Mexican restaurants have roots that go seven decades deep and are connected to the Bobby Salazar’s line of taquerias.

  • BoC officials split on when to start cutting interest rates, summary shows

    OTTAWA — The Bank of Canada is offering more details today about its discussions on rate cut timing. The central bank released its summary of deliberations, which detailed the governing council's discussions during its most recent decision. The bank held its key rate steady at five per cent but members of the governing council were split on how long the central bank should wait before lowering it. The summary says some members felt that the bank should take its time before lowering rates, given

  • Homelessness is a complex issue in Wetaskiwin says the Ministry of Seniors

    The Alberta Government remains committed to a solution to the homelessness issue in Wetaskiwin. While there has been dissatisfaction in the community over the emergency shelter, Ministry of Seniors, Community and Social Services said that homelessness is a complex issue. Alexandru Cioban, a ministry spokesperson told Pipestone Flyer that the government will continue working hard to support those impacted or are at risk of homelessness. “We will continue to collaborate and work closely with Hope

  • US Rep. Donald Payne Jr., a Democrat from New Jersey, has died at 65 after a heart attack

    TRENTON, N.J. (AP) — U.S. Rep. Donald Payne Jr., of New Jersey, died Wednesday after a heart attack this month that left him hospitalized, officials said. He was 65. In a statement, Gov. Phil Murphy called his fellow Democrat a “steadfast champion for the people of New Jersey.” “With his signature bowtie, big heart, and tenacious spirit, Donald embodied the very best of public service," Murphy said in a statement. “As a former union worker and toll collector, he deeply understood the struggles o

  • They live 6,300 miles from their island home. This week, a bit of home came to them in DFW

    About 3,000 people with ties to an island country in the South Pacific live in this DFW community.

  • Portland strip club, site of recent fatal shooting, has new potential tenant: Chick-fil-A

    Chick-fil-A is planning to open a new restaurant at the site of a strip club in Portland, Oregon that was recently the site of a deadly shooting.

  • ‘This kid is so happy to be here.’ Hundreds remember killed Ada County sheriff’s deputy

    “We’re angry, and we’re confused, and we’re sad,” Ada County Sheriff Matt Clifford said. “But the showing of support from the public has given us so much hope.”

  • Incredible Video Shows Skateboarder Performing Stunt on Ramp Suspended Thousands of Feet in the Air

    A Los Angeles-based skateboarder and skydiver was captured on camera performing an incredible airborne stunt in Brazil – skating off a ramp in the sky.The video shows Brendon Hayward skating off a ramp held aloft by a balloon thousands of feet above the ground. He then holds onto his board as he spins in the air.“It’s been a dream of mine to combine two of my biggest passions – skateboarding and skydiving – for over seven years,” he told Storyful. “After years of putting this project together, we finally pulled all the strings together and flew to Brazil for the stunt. We suspended a half-pipe 8,000 feet above the clouds.” Credit: @brendon via Storyful