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Target Not Becoming Full-Service Grocery Store, CEO Says

September 14, 2016: 12:00 AM EST
Target Corp. does not want to become a full-service grocery store, according to company CEO Brian Cornell. Since 2014, when Cornell became the retailer's chief executive, the company has focused on several important categories, such as style, baby, children, and wellness, to help drive sales growth. Grocery is one of Target's important categories, accounting for 20 percent percent of its $74 billion annual revenue.
Khadeeja Safdar, "Target CEO Says Retailer Won’t Become Full-Service Grocer", The Wall Street Journal, September 14, 2016, © Dow Jones & Company, Inc.
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