After 15 years of operation, faltering performance target during the economic downturn has led activist shareholder to initiate a proxy fight. Target Corporation, the second largest discount retailer in the U.S., successfully competing with Walmart leader for many years, contributing to an upscale shopping experience with discounts compared to Walmart focus on low prices. This strategy works well for the purpose in good economic times. The economic crisis of 2008-2009, however, caused consumers to abandon goal in favor of Walmart. In the spring of 2009, one of the largest shareholders of Target was filed proxy fight to place their five nominees for director on the board. Target won a proxy fight, but still faces questions about whether there was a strategy that can work in both good times and bad.Target Corporation The Canadian Decision Case Solution
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by Krishna G. Palepu, Suraj Srinivasan, James Weber Source: Harvard Business School 34 pages. Publication Date: June 26, 2009. Prod. #: 109010-PDF-ENG
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