Target tosses outlook as sales jump 20 percent from virus-related buying

The coronavirus pandemic has upended the 2020 forecast for Target Corp., the retailer said Wednesday, noting a 20 percent jump in sales as customers flock to the retailer to stock up on food and household items. The Wall Street Journal has an report on the announcement from Minneapolis-based Target, which pulled its financial outlook for the current quarter as it absorbs the uncertainty around the spreading disease. Much of the sales increase has come from customers stocking up on food and household…