Target Corp. expects to get more with less. The Minneapolis-based retailer, under pressure after issuing a dismal profit warning for the year, has passed on potential acquisitions to focus on improving in-store sales and online margins.
The shift comes as competitors like
are investing heavily in e-commerce operations, snapping up
companies to help diversify their offerings. Target, meanwhile, has
revamped some e-commerce projects, cut ties with digital partners and
walked away from prospective deals, according to people familiar with
the talks.. . . more