SAN DIEGO, April 02, 2023 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dowd LLP announces that it has become a buyer or acquirer of Target Corporation TGT Common stock between August 18, 2021 and May 17, 2022, both dates inclusive (the “Collection Period”) will have until May 30, 2023 to file for appointment as Lead Plaintiff in the Goal class action. Titled Perez v Target CorporationNo. 23-cv-00769 (D. Minn.), the Goal Class action lawsuit indicts Target and certain top Target executives for violations of the Securities Exchange Act of 1934.

If you have suffered significant losses and are the main plaintiff in the Goal Class action, please provide your information here:

https://www.rgrdlaw.com/cases-target-corporation-class-action-lawsuit-tgt.html

You can also contact a lawyer JC Sanchez of Robbins Geller by phone at 800/449-4900 or email jsanchez@rgrdlaw.com.

CASE CLAIMS: Despite Target’s resounding success in 2020, Target’s sales have been constrained by its inability to fully stock its shelves. To mitigate the risk that replenishment of in-demand merchandise into the second half of 2021 could take longer than usual, Target announced that it had pre-ordered larger pre-season quantities to ensure shelves are stocked with consumer-reviewed products desired products are filled they wanted them.

But as the Goal The Class Action alleges that during the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose the following: (i) Target’s strategy to mitigate supply chain constraints from over-ordering of inventory compromised Target’s ability to to respond in a timely manner, severely constrained developing consumer behavior; (ii) as a result, Target was unable to capitalize on the alleged “massive influx of insights” gleaned from the extraordinarily increased demand during the pandemic to respond to rapidly changing trends; and (iii) as a result of Target’s inability to respond in a timely manner to changes in consumer trends, Target’s sales declined and…