We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Loss Of Focus Cause Of Target's Downfall, Analysts Say

February 28, 2015: 12:00 AM EST
Target's troubles emerged after the discount retailer lost its focus as a seller of designer-label clothing at consumer-friendly prices. Costs of terminating its failed expansion attempt in Canada and closing underperforming stores in the United States reached $5.1 billion, the company said. Target's problems began in 2011 when growth began to slow down and its margins started shrinking. Target took direct control of its online sales operations, which had been handled by Amazon since 2001; however, it failed to catch up with its rivals in the e-commerce segment. Its share price recovered significantly in the past months, with some analysts and investors becoming confident that CEO Brian Cornell's turnaround efforts might work.
"American retailing: Why Target lost its aim", The Economist, February 28, 2015, © The Economist Newspaper Limited
Market News
North America
United States of America
Comment & Opinion
Companies, Organizations
Market News
Marketing & Advertising
Developed by Yuri Ingultsov Software Lab.