Target Copes With Problem Familiar to Wal-Mart: Bare Shelves
Target Beats Estimates in Bright Spot for Retail
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Target Corp. Chief Executive Officer Brian Cornell, who’s working to turn around the retail chain, is struggling with a problem that has plagued rival Wal-Mart Stores Inc. for years: empty shelves.
Cornell said on Wednesday that stores aren’t well enough stocked, a symptom of Target losing track of its retail fundamentals. He’s looking to improving “in-stocks” -- a measure of how much merchandise is available for shoppers to buy -- and refine the company’s supply chain.