Around the Net

Target Aims To 'Rightsize' Inventory, Rein In Costs

A disappointing first quarter is prompting Target Corp. to take actions to more nimbly adapt to changes in customer demand and business conditions. Plans call for more markdowns, sifting out excess inventory and order cancellations. “Farther up the supply chain, the company aims to add incremental holding capacity near U.S. ports to bring more flexibility and speed to parts of the supply network most affected by external volatility as well as work with suppliers to shorten distances and lead times,” per Supermarket News.

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