Target Culling Products In Stores To Resolve Out-of-Stock Issues
- 8 years ago
Discount-store operator Target, Inc. on Wednesday said it will cut the number of sizes, flavors and some brands on its shelves to help resolve out-of-stock issues.
The company plans to invest $2 billion to $2.5 billion annually starting 2017, mainly to upgrade its supply chain and technology infrastructure as it pushes for online growth.
Chief Executive Brian Cornell said on Wednesday at an investor event, "It's going to be very surgical, category by category.
We are not taking a blunt instrument approach to this."
According to the firm, its incredibly complex supply chain resulted in unacceptable stock levels in 2015 that hurt sales growth at established stores.
Target said it will invest $1.8 billion in 2016, primarily towards similar improvements.
The company plans to invest $2 billion to $2.5 billion annually starting 2017, mainly to upgrade its supply chain and technology infrastructure as it pushes for online growth.
Chief Executive Brian Cornell said on Wednesday at an investor event, "It's going to be very surgical, category by category.
We are not taking a blunt instrument approach to this."
According to the firm, its incredibly complex supply chain resulted in unacceptable stock levels in 2015 that hurt sales growth at established stores.
Target said it will invest $1.8 billion in 2016, primarily towards similar improvements.