Quote:
Originally Posted by InSutterWeTrust
Target had to have a 4-5 year strategy, but with a new CEO coming in who knows what will happen to that plan. If Target is smart they will work on getting product in the stores. Can’t make money if the shelves are empty. Not sure if it’s a distribution center issue or not getting enough product from the manufactures. Target had to spend a fortune building a logistics network in Canada, hopefully over some time they have recovered those costs and can offer a more competitive cost in the store, while keeping shelves stocked!
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Target's Party Line of the CEO getting canned over "Security Breaches" increasing looks like BS. That's not a good enough reason to fire a CEO at at retailer - look at the many places that have had similar incidents. I suspect the Board looked at the deep hole the Canada expansion dug Target into and decided they needed someone else.
Target should have started the expansion gradually, focusing on a small number of well stocked, well serviced stores, with a limited number in each city to build on the "exclusivity" factor. When your initial stores list include Forest Lawn and Grande Prairie - you're not likely to achieve any of the factors I just listed as well as the many other good observations in this thread as to why people don't shop at Target.
Too much, too soon. But their shopping cart escalators rock!