“Florida’s State Board of Administration, which manages public pension funds, filed the lawsuit alongside America First Legal, a conservative advocacy group. The suit said Target’s actions directly harmed shareholders by contributing to a decline in sales.
Target’s sales drop in 2023 marked the first such decline in years, though analysts who spoke with The Washington Post also pointed to economic factors, such as inflation, as contributing factors.”
Read the full story on Newsweek here.
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