Target Names Grocery Chain Veteran to Lead Food Revamp

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Target CEO Brian Cornell
Target Corp. Chief Executive Officer Brian Cornell sees the grocery and food business as key to reviving growth. Photographer: Andrew Burton/Getty Images

Target Corp. named Anne Dament, a veteran of grocery chains such as Supervalu Inc., to lead an overhaul of its food business.

Dament also held management positions at Safeway Inc. and was most recently vice president of services at PetSmart Inc., Target said in a statement Monday.

Target Chief Executive Officer Brian Cornell sees the grocery and food business as key to reviving growth. It’s part of a broader vision for the chain to focus on wellness, which includes offering more organic and gluten-free options. Revamping the food aisles, which won’t happen until 2016, will also include adding more items popular with younger consumers, like craft beer and yogurt.

“We have an opportunity to make food more reflective of our brand, elevate the shopping experience and make Target a food destination for our guests,” Cornell said in the statement.

Shares of Minneapolis-based Target fell 0.7 percent to $82.96 at the close in New York. They have gained 9.3 percent this year.

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