Target keeps eye on supply chains as demand for essentials soars
US retail giant coordinates with vendors to maintain inventories, CEO says
A shopper carries a Target paper bag in New York City's borough of Manhattan on March 1. The company has enjoyed a surge in traffic to stock up on essentials.
NEW YORK -- Coronavirus-fearing American shoppers have raided such stores as Costco, Walmart and Target for nonperishable foods and household supplies.
And although retail sales are expected to rise, investors are more concerned about the impact on supply chains, judging by Target's earnings call Tuesday for the fourth quarter ended Feb. 1.
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