4 Consumer Stock Stories Making News On TGIF Day

Toyota Motor Corporation (NYSE:TM): Closing price $125.27

Anti-Japanese sentiment in China erupts from time to time for various reasons, and to that point, Toyota and its dealers are quietly collaborating to avert risks from such an event, even while recent sales data indicate a recovery for Japanese automakers since the most recent flare-up in 2012. Sales in China for Toyota and other Japanese car makers fell apart following a territorial dispute between Beijing and Tokyo that ignited an outbreak of anti-Japanese protests in September. As a result, some executives are mulling the idea of focusing its short-term sales effort on southern China, where anti-Japanese sentiment is historically weaker.

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TM

Saks Incorporated (NYSE:SKS): Closing price $14.13

The historic retailer Saks is exploring Nashville for more warehouse space, according to the spokeswoman Julia Bentley, who commented that “Our saks.com business continues to rapidly grow, and we expect to run out of space at the existing facility in the future. We are beginning the process of looking for a second facility to handle saks.com fulfillment, but no determination about location has been made at this point.” Real estate sources told The Nashville Tennessean that the operator of Saks Fifth Avenue and OFF 5TH stores is already negotiating to lease a building owned by Duke Realty in nearby Lebanon.

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SKS

Target Corporation (NYSE:TGT): Closing price $70.25

Target is launching 20 additional stores in July following its initial rollout of 48 outlets earlier in 2013. The total number of locations – 68 thus far — lifts the retailer past the halfway stage in its plans to open 124 stores in Canada by the end of the year. The 20 new stores, which are in British Columbia, Alberta, Saskatchewan and Ontario, are to open between July 16th and 30th.

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TGT

General Motors Company (NYSE:GM): Closing price $34.67

The iconic automaker is depending on a no-frills “people mover” to assist it in gaining beachheads into the Japan-dominated auto sector of Indonesia, which is one of Asia’s hottest auto markets. Marcos Purty, chief of GM’s Indonesian operations, has told Reuters that output of the Chevrolet Spin — a van with three rows of seats — at its recently-restarted plant near Jakarta has notably driven up sales. The Spin, priced low at $14,360, hit Chevrolet showrooms in Indonesia in early May, and Purty said that its impact has been felt almost immediately.

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GM

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