A surge in digital sales for U.S. retailer Target Corp in March and April offset the bulk of damage done by coronavirus lockdowns to in-store sales, but its margins continue to suffer, it said on Thursday.
P&G beat Wall Street expectations for quarterly profit on Friday as it reported its best U.S. sales growth in decades thanks to consumers stockpiling cleaning essentials in lockdowns against the coronavirus.
Wall Street's four-week slump deepened and the Dow Jones Industrials was set to surrender all its "Trump-bump" gains on Wednesday, as the coronavirus pandemic threatened to bring the U.S. economic activity to a halt.
The U.S. holiday shopping period may heighten Wall Street's perception of a growing divide between retailers adapting to online sales and those unable to shake their reliance on dwindling shopping mall traffic.
U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for consumer products companies, boosted by spending on luxury items.
The platform allows U.S. users to search for items they wish to buy, provides recommendations based off of their web activity and offers multiple purchasing options, including direct check out through Google.