DENVER — Protests over Target Corp.’s handling of its acquisition of Zellers Inc. properties in Canada dimmed the mood of the U.S. discounter’s annual shareholder meeting Wednesday.
The Minneapolis-based retailer is guarded about business for the near term after slashing its second-quarter outlook. Speaking to shareholders inside a new, but bare, store location at 7777 East Hampden Avenue that will be unveiled next month, Gregg Steinhafel, chairman, president and chief executive officer, said, “We have a cautious view for the near term. First-quarter sales [of $498 million] fell short of our expectations.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)