Gregg W. Steinhafel, chairman, president and chief executive officer of Target Corp., had a rough ride Wednesday at the retailer’s annual general meeting in Pittsburgh.
While the retailer’s numbers continue to be strong and Steinhafel revealed that plans to open stores in Canada were ahead of schedule and profits for the Canadian units would be higher than expected, shareholders were more focused on the company’s $150,000 donation last year using shareholder money to Minnesota Forward, a political group supporting the election of gubernatorial candidate Tom Emmer, who opposes same-sex-marriage rights. Even Target’s largest single charitable commitment in its history — $1 billion for education by the end of 2015 — seemed to get lost in the shuffle. Steinhafel found himself fielding question after question about the political donation, sounding embattled and annoyed.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"