Target CEO Steps Down
According to WWD, Gregg Steinhafel has stepped down as chairman, president and chief executive ofTarget Corp. Although the article doesn’t go into great detail on why Target’s top dog has vacated his spot. It has been speculated that the breach of Target’s customer’s information last year, and a very poor Canadian expansion are the reasons. We’ve published before that Target’s Canadian expansion has netted them a lost of over $1 Billion dollars, and it just seems Canadians aren’t flocking to Target as analysts expected.
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