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Target Updates COVID-19 Results; Will Reconfigure Stores

PYMNTS

Target released an updated financial report Wednesday (March 25) that shows dramatically increased revenue booked since the COVID-19 crisis shut down non-essential stores. It is a look at what the retail industry can expect as other essential retailers report results as March closes. Talk about mixed emotions.

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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, while you can see that concentration in markets, and sales, and trading, once I started really working with our private bank in a meaningful way, I was then able to lead teams of investment counselors and investors. What did you do to entertain them? RITHOLTZ: Right. It was impacting natural resources. RITHOLTZ: Right.

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Transcript: Brian Hamburger

Barry Ritholtz

You have a concentrated securities position, right? I’m not going to be available, but I need you to send me the following financial reports.” To which he replied to me and he said, I don’t have access to those financial reports. Because there’s no objectivity. HAMBURGER: Right. I replied to him.