TARGET ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Target Corporation and Encourages Investors to Contact the Firm
Investors have until May 30, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Investors have until May 30, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Prior to the Class Period, Target experienced unprecedented double-digit growth in 2020 as consumers increased spending with funds provided from stimulus checks and shifted their spending away from services in favor of goods.
- At the same time Target announced its early purchasing strategy, Defendants stated during the August 18, 2021, earnings call that consumer shopping preferences continued to shift.
- Target’s assortment problem only continued to grow throughout the Class Period as consumers began to “refocus[] their spending” away from home and hardline goods and into experiences.