Target cancels in-person investor day in New York City due to coronavirus

A cashier locations a bag of items in a customer’s buying cart at a Focus on Corp. retail store in Chicago, Illinois, U.S., on Saturday, Nov. 16, 2019.

Daniel Acker | Bloomberg | Getty Pictures

Target has canceled its in-individual analyst and investor assembly in New York Town amid fears about the coronavirus outbreak.

As a substitute of holding the Tuesday conference, a enterprise spokeswoman stated executives will examine fiscal fourth-quarter results and response analysts’ questions by webcast.

The Minneapolis-based retailer’s conference experienced been scheduled for Tuesday morning in midtown Manhattan. Focus on CEO Brian Cornell, Main Running Officer John Mulligan and Chief Money Officer Michael Fiddelke,┬áhad all prepared to go to and provide presentations.

In an electronic mail, a enterprise spokeswoman attributed the adjust to “the swiftly evolving condition with regards to the coronavirus.”

Concentrate on is scheduled to report its earnings just before the bell Tuesday. Its analyst connect with will start at 9 a.m. EST.

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