MINNEAPOLIS — Target Corp. revealed its plan for future growth at its recent investors’ conference here. In addition to fine-tuning its merchandising, the plan calls for the elimination of thousands of headquarters jobs in order to achieve savings of $2 billion. “Following a thorough strategic review of our business, coupled with a careful evaluation of
MINNEAPOLIS — Target Corp. has unveiled a turnaround plan based on streamlining its headquarters operations to cut costs, boosting its information technology and supply chain investments, and adjusting its merchandise mix to strengthen its relationship with its most loyal consumers. The discount store chain’s growth plans, announced late Tuesday following an event for the investor
MINNEAPOLIS — Target Corp. has decided to end its costly foray into the Canadian market less than two years after opening the first of its current 133 stores in the country. The retailer reported in mid-January that “after a thorough review” it determined that the best decision for the company would be to wind down the
MINNEAPOLIS — With its stores north of the border struggling to achieve profitability, Target Corp. has begun efforts to discontinue its Canadian operations. The discount store retailer said Thursday that its subsidiary Target Canada Co. has filed an application for protection under the Companies’ Creditors Arrangement Act (CCAA) with the Ontario Superior Court of Justice
MINNEAPOLIS — Target Corp. chief executive officer Brian Cornell has announced several leadership changes. Casey Carl, Target’s president of omnichannel, will take on the newly created role of chief strategy and innovation officer and will report directly to Cornell. Carl will oversee a new center of excellence in data, analytics and business intelligence, an effort
