(Mia Oh)

New Target CEO Promises To Not Turn Retailer Into A Grocery Store

Several years back, we started hearing complaints from Target shoppers that their local stores were eschewing large chunks of floor space that had been dedicated to things like home furnishings and housewares in order to make room for more groceries. Many expressed concern that their beloved quirky-but-affordable retailer was going to become a supermarket chain that also sold towels and sweatpants. The company’s new CEO is now trying to convince those worried customers that Target is not undergoing some radical shift. [More]