When Brian Cornell joined Target Corp. three years ago, the cheap-chic retailer was reeling from slumping sales and a hacking attack that exposed the personal data of millions of customers.
He simplified things by pulling the company out of Canada, farming
out its drugstore business and focusing on the stylish clothing and home
décor items for which “Tar-zhay” is famous. Now facing increased
competition from Amazon.com Inc. and a resurgent Wal-Mart Stores Inc.,
Cornell, 58, has responded by unveiling a $7 billion plan to open
smaller urban stores, remodel others and lower prices.. . . more