Target Job Cuts: Company Outlines Plan to Restructure, Invest in Technology

Apart from the corporate restructuring, Target has also announced a new focus on a “channel-agnostic” approach – meaning more focus on online sales and technology.

“The retailer is taking a channel-agnostic approach to growing its business, driving a total Target experience across stores, online and mobile. Guests who shop Target in stores and online generate three times the sales compared to guests who shop in stores only. Continued enhancements in technology, supply chain and inventory management will create a shopping experience that is rooted in ease and inspiration. This will help spur Target’s continued annual growth in digital channel sales of 40 percent, as well as contribute to a total projected sales growth of 2 to 3 percent and comparable sales growth of 1.5 to 2.5 percent in 2015,” said the company in a press release.

Target says it’ll invest at least $1 billion in tech.

Target recently killed its online streaming service Target Ticket. It also took a swipe at Amazon by lowering its free shipping threshold – months after Amazon raised its.

Article Appeared @http://www.webpronews.com/target-job-cuts-company-outlines-plan-to-restructure-invest-in-technology-2015-03

 

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