Target, Inc.

Despite the dicey economy and an Easter that fell late in the year, March wasn’t all bad news for big-box retailers. Some modest increases in net and comparable-store sales were logged during the month. Still, results were rather uneven, although in line with most companies’ expectations.

In the wake of activist hedge fund manager William Ackman of Pershing Square Capital Management’s plan to nominate five new candidates to serve as members of a 13-member board of directors at Target Corp., the Minneapolis-based retailer has issued a statement confirming that its 12-member board slate is the correct size.