Pressure is mounting on US retailer Target after activist hedge fund Toms Capital Investment Management (TCIM) built a stake in the company, as the retailer grapples with an extended period of weak sales and a sharply lower share price, according to a report by the Financial Times.
Target’s shares have lost close to a third of their value this year and remain more than 60% below pandemic-era highs, after the company reported its 12th consecutive quarter of flat or declining sales in November. Th...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.
Alternative Investment News