💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Target hires Nordstrom exec as chief merchandising officer

Published 05/17/2016, 10:33 AM
© Reuters. A view of a Target store in Lindsay, Ontario
AMZN
-
TGT
-
JWN
-
NKE
-

(Reuters) - Big-box retailer Target Corp (N:TGT) appointed Nordstrom Inc (N:JWN) executive Mark Tritton its chief merchandising officer, nearly a year after Kathryn Tesija left the position.

Target also promoted Jason Goldberger to the newly created role of chief digital officer, the company said on Tuesday.

Tritton is a former president of Nordstrom Product Group and he has earlier worked with apparel maker Timberland and sports footwear maker Nike Inc (N:NKE).

The appointments, which come into effect on June 5, are a part of Chief Executive Brian Cornell's efforts to turn around the company after years of sluggish growth.

In February, the retailer appointed former Amazon.com Inc (O:AMZN) veteran Arthur Valdez its chief supply chain officer.

The company also promoted Stephanie Lundquist to chief human resources officer and Janna Potts to chief stores officer this year.

Target is working to speed up its supply chain, expand its digital offerings and it is focusing on higher-margin categories such as baby care and wellness and health products.

© Reuters. A view of a Target store in Lindsay, Ontario

The company's shares were down 0.5 percent at $74.25 in late morning trading on Tuesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.