Target's shareholders are revolting
2026-06-04 21:36:21.026181+02 by Dan Lyke 0 comments
I'm not sure quite how to title this "Notice of Exempt Solicitation Pursuant to Rule 14a-6(g)" filed by Trillium Asset Management, LLC re the Target Corporation, an attempt to shift the board, but there's a lot of good in it:
In our assessment, Target's lagging financial performance stems principally from a series of operational and strategic missteps that have materially impaired the Company's brand. Multiple reports indicate persistent challenges with disorganization, high out-of-stocks, and poor employee morale, leading to a diminished in-store experience. Furthermore, Target appears to have eroded its longstanding reputation for distinctive, fashion-forward merchandise assortments. Compounding these issues, Target has repeatedly entangled itself in social controversy over the past several years, including its decision to pull back its Pride collection, the rollback of its DEI initiatives, and, most recently, its limited public response to Immigration and Customs Enforcement (ICE) activities at certain store locations. These developments have elicited substantial consumer backlash, manifesting in protests, boycotts, and reputational harm. Consequently, Target may have alienated key customer demographics, including Black, Latino, LGBTQ+, and progressive consumer segments.
Uh. Yep. Via.