Louisville, Ky. — Brian C. Cornell, chairman and CEO of Target Corporation, has been appointed by the Yum! Brands board to serve as non-executive chairman of the board. Cornell has served on the Yum! Brands board since 2015. He will succeed Robert D. Walter, who is retiring from his role as Yum! Brands non-executive chairman.
target corporation
Minneapolis — Target Corporation has hired John Bauer to join the company as senior vice president, global inventory management, effective August 20. In this role, Bauer will lead the teams responsible for ordering, inventory positioning, global trade and domestic transportation. He will report to Target’s executive vice president and chief supply chain officer, Arthur Valdez Jr.
Minneapolis — As part of several initiatives in its accelerated multiyear strategy, Target Corporation will nearly triple the size of its remodel program in 2018, updating more than 300 stores around the country and making sizeable investments in key cities like Chicago, Los Angeles, Minneapolis-St. Paul and New York.
Minneapolis — Target Corp. has agreed to acquire Shipt, Inc., a leading online same-day delivery platform, for $550 million in cash. Target will leverage its network of stores and Shipt’s proprietary technology platform and community of shoppers to quickly and efficiently bring same-day delivery to guests across the country. The acquisition significantly accelerates Target’s digital fulfillment efforts, bringing same-day delivery services to guests at approximately half of Target stores by early 2018. The service will be offered from the majority of Target stores, and in all major markets, before the …
Minneapolis — Target Corporation is committing up to $1 million in cash and in-kind donations to support communities impacted by Hurricane Irma. The donations will benefit Target team members, as well as national, local and international relief organizations. This donation is in addition to the $3.5 million that the company committed last week to Hurricane Harvey relief.
Minneapolis — Target Corporation has appointed Minsok Pak as executive vice president, chief strategy and innovation officer. He will be responsible for Target’s enterprise strategy development and retail innovation with the goal of enhancing the guest experience and accelerating growth.
Minneapolis — Target Corporation has hired Ben Cook as senior vice president, global logistics, inventory allocation and replenishment. Cook will lead the optimization of Target’s inbound and outbound supply chain processes. He’ll also oversee inventory allocation and replenishment, merchandise planning operations and global logistics. He will report to Target’s executive vice president and chief supply chain and logistics officer, Arthur Valdez.