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Chicago’s hometown hot dog giant Portillo’s is in the midst of an ambitious national expansion, and now a proxy fight may be brewing in its boardroom. Activist investor Engaged Capital, which took a nearly 10% stake in the Oak Brook-based company last year, said Monday that it has nominated two independent candidates to the company’s board. Engaged said it was “forced” to resort to the public ...

Value investing has proven to be one of the most successful investing strategies over the long term. Many of the world’s top investors, including the legendary Warren Buffett, have used the value approach to generate outstanding returns over time. In recent years, however, value stocks have drastically trailed growth stocks as low interest rates propelled the valuations of fast-growing ...

Warby Parker later this year is opening five of its eyeglass locations inside Target stores. The new shops will be staffed by Warby Parker employees, and a selection of the brand’s eyewear also will be sold on Target’s website. “A big part of (Warby Parker’s) commitment means meeting eyewear consumers where and how they want to shop — and for many of our customers, that means shopping at ...

All eyes will be on Target on Tuesday as the Minneapolis-based retailer unveils its latest plan to jump-start growth and recapture ground lost to competitors over the past few years. Investor pressure is high. Target’s reliance on shoppers’ discretionary spending has put pressure on margins. Analysts are hoping for a strong reset in response to continued economic limbo. “They’ve lost the plot ...