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Breakingviews - Corona Capital: Target, IPOs keep coming

8 Min Read
NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
A newly constructed Target store is shown in San Diego, California, U.S. May 17, 2016. REUTERS/Mike Blake/File Photo
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STRAIGHT AND NARROW. U.S. retailer Target said on Wednesday that same-store sales during November and December rose 17% compared to the same two months in 2019. The pandemic helped a surge in online shopping, which more than doubled. The $550 million acquisition of Shipt three years ago, part of Target’s push into e-commerce, proved to be a gem of a deal. The service, which allows for same-day shipping, grew more than 300%. ....

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Breakingviews - Corona Capital: Bond bonanza, Albertsons

Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. ....

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Breakingviews - Corona Capital: Ford in Brazil, VW, Payments boom

Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. ....

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Breakingviews - Pandemic pet boom keeps running for new top dogs

Breakingviews
3 Min Read
A pet dog sits in a carriage on a street, following the coronavirus disease (COVID-19) outbreak in Shanghai, China October 21, 2020.
NEW YORK (Reuters Breakingviews) - The pandemic pet boom has some bark left in it. Locked-down humans adopted four-legged friends at a rapid pace during the lockdowns. This pushed global pet product sales up to $125 billion, according to Packaged Facts. But Fido will require food, treats and medicine after the vaccine arrives, and spending on services like grooming could rise. Companies that have lapped up sales still have room to run.
Chewy was best in show. The pet online retailer run by Amazon.com alumnus Sumit Singh saw its share price leap 160% through mid-December, with a 46% surge in net sales in the first three quarters of its fiscal year. It added 150% more active users in the first three quarters than in all of 2019 – bringing the total to near 18 million. Subscription sales may make customers sti ....

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Breakingviews - Latin America debt will hit post-crisis sweet spot

Breakingviews - Latin America debt will hit post-crisis sweet spot
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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