In Exclusives, Insight, Retail

Something happened in the 2000s that relegated “Tar-jay” to the position of just another big-box retailer. It is no secret brick and mortar has been struggling. Stores are closing, retailers are filing bankruptcy, and some CEOs continue to fall back on excuses and finger-pointing. In the midst of this retail turmoil, visionary Target CEO Brian Cornell made a commitment two years ago to invest $7 billion in stores and technology to modernize operations to be competitive in our digital age. Wall Street did not respond kindly to the strategy, dealing the retailer a swift blow of the worst one-day decline in nine years, which took the retailer ten months to recover from. Fast-forward, on the heels of a 5.7% increase in comp sales during the holiday shopping period, Target is positioned to deliver its best fourth-quarter finish since 2005.

Recent Posts

Leave a Comment

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Start typing and press Enter to search