Target Execs Ask Suppliers To Embrace Changes In Stores & Online

Amid all of the changes taking place at Target Corp. in the last year, executives of the Minneapolis-based retailer used its annual vendors summit to rally its partners around its transformation and announce some new digital initiatives.

“We’re going to need your partnership and collaboration, and we’re going to need to take it to another level,” Brian Cornell, Target’s chief executive, told the group of about 700 vendors at the Minneapolis Convention Center Tuesday.

Since his arrival as the company’s first outsider CEO a year ago, Target ditched its previous goal to reach $100 billion in sales in 2017, set a new goal focused on earnings growth, closed its money-losing Canadian operation of approximately 133 stores and laid off about a fifth of its Twin Cities headquarters staff.

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