Send me real-time posts from this site at my email

Target Announces Temporary Return, Exchange, and Reusable Bag Suspension

For the next three weeks, Target (NYSE: TGT) will stop accepting in-store returns and exchanges at all of its U.S. locations, according to a coronavirus precaution update posted on the retailer's website yesterday. The suspension of returns is slated to last between March 26 and April 16. Target says it is taking this step "to be extra cautious" in its efforts to help prevent spread of COVID-19 through contact between customers and store personnel.

Image source: Target.

The retail chain is extending the return period by three weeks past the original return deadline so customers won't miss out. Any currently returnable items that would expire before April 17 will now remain eligible for return or exchange through May 7 instead.

The statement by CEO Brian Cornell went on to detail other measures intended to help control spread of the virus, including deep cleaning of checkout lanes between customers and the use of alternating lanes to give workers more time to sanitize surfaces before the next shopper comes through.

Additionally, people who bring reusable bags will be asked to pack up their own purchases. Single-use plastic and paper bags will continue to be available as normal. If individual Target stores charge for these disposable bags, the fees will be waived for the duration of the reusable bag suspension.

This news comes shortly after Target decided to postpone new store remodeling plans until next year, bumping with almost 2,700 remodeling jobs to 2021 as a response to the coronavirus outbreak's effects.

10 stocks we like better than Target
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Target wasn't one of them! That's right -- they think these 10 stocks are even better buys.

See the 10 stocks

*Stock Advisor returns as of March 18, 2020

Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.


Source

Popular posts

Welcome!!! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue