Economics
Target Revamping Merchandising, Bureaucracy Post Breach
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Target Corp. Interim Chief Executive Officer John Mulligan said that even before December’s massive data breach, the retailer had lost its way by becoming too cautious and bureaucratic.
The theft of credit-card data for 40 million customers has forced the company to refocus on pleasing shoppers and reconsider everything from how it presents apparel to how it makes decisions, Mulligan said in an interview.