Target says shoppers stocking up on essentials over coronavirus fears
(Reuters) – Target Corp said on Tuesday it was seeing a surge in U.S. store traffic as people stockpile disinfectants and food amid fears of the coronavirus outbreak.
“We’ve certainly seen a U.S. consumer that’s starting to stock up on household essentials, disinfectants, food and beverage items, all those staple items that the CDC has recommended…,” Chief Executive Brian Cornell said on a post-earnings call with analysts.
“We’ve seen aggressive shopping across the country in our stores.”
However, the company said the epidemic has not so far impacted its business.
(Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)
