Canned peaches, criminal records and political contributions were among the top shareholder concerns expressed at Target’s annual meeting on Wednesday afternoon.
Target is almost halfway home on its goal of paying a $3 annual dividend following news this week that for the second consecutive year it would increase its dividend by 20%.
Target held steady on the promotional front in May with the number of circulars and total pages consistent with the prior year. For a look at Target’s activity and those of other leading retailers check out the last report from Market Track.
After a surprisingly strong first quarter, consumers have slowed their spending in May, according to the latest report from the National Retail Federation.
News reports this week speculated Denver might be getting a new CityTarget store. Get used to seeing similar speculation in other major markets as the company seeks to tap a new growth frontier.
Target’s plan to achieve $6 billion in Canadian sales by 2017 is doable, according to Bernstein Research analyst Colin McGranahan, who notes the company’s goal is dependent on achieving sales productivity levels higher than the United States.
Target plans to close one of its Portland, Ore., area stores later this week in order to complete extensive renovations the company says are needed to deliver an exceptional shopping experience.