The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus.
________________________ ALTERED STATE OF RETAIL: Retail stores are largely closed across the country and most of the people who worked in those shops have been laid off or furloughed.
The pandemic has created a new normal in how people shop as well as what they buy. — Comparable-store sales at Target rose 7% so far this quarter, but less is being bought by customers at it stores.
That seeming contradiction has been created by booming online sales. If something is ordered online and either delivered or picked up curbside, Target logs