Target Wins Shareholder Battle

WAUKESHA, Wis. Target Corp. is unlikely to change its grocery strategy now that it has beaten back a challenge by a major shareholder to add five new members to the discounter's board. However, some industry analysts said they believe the proxy challenge may raise awareness about potential weaknesses at Target. Target said last week the company's four directors up for re-election had been returned

WAUKESHA, Wis. — Target Corp. is unlikely to change its grocery strategy now that it has beaten back a challenge by a major shareholder to add five new members to the discounter's board.

However, some industry analysts said they believe the proxy challenge may raise awareness about potential weaknesses at Target.

Target said last week the company's four directors up for re-election had been returne

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