4 Consumer Stock Stories Making Monday Headlines
Target Corp. (NYSE:TGT): Closing price $68.24
A customer-satisfaction rating survey conducted by Forum Research places Target at the bottom of a list of major retailers in Canada. The retailer arrived in Canada in March, luring huge numbers of shoppers, but the survey indicates that the excitement failed, and that Target has not been able to live up to its mostly self-created high expectations. Shoppers complain that its stores have been low on inventory and that prices are above those at its American outlets. Meanwhile, the company’s arch-competitor, Wal-Mart Canada Corp., improved from four months earlier, and Costco Canada came out the clear winner.