NEW
YORK, May 24, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Target
Corporation.
Shareholders who purchased shares of TGT during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/target-corporation-loss-submission-form/?id=39774&from=4
CLASS PERIOD: August 18,
2021 to May 17, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) Target's difficulty
maintaining a balanced inventory of in-demand goods was far worse
than the Company had represented; (ii) Target was severely impacted
by changing consumer preferences; (iii) Target's inventory mix was
significantly more sensitive to changing consumer preferences due
to Target's practice of buying larger quantities ahead of season,
and was therefore at significant risk of having to use markdowns to
sell out-of-demand goods; and (iv) as a direct result of these
changing preferences, Target's inventory increasingly became
out-of-balance and overweight in bulky and unsellable goods
throughout the Class Period forcing Target to markdown its
out-of-demand goods, thereby negatively impacting revenue.
DEADLINE: May 30, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/target-corporation-loss-submission-form/?id=39774&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of TGT during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is May 30, 2023. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm