Target Plans to Keep Spending Big On Its Stores
Brick-and-mortar chains that don't invest in their stores, supply chains, and digital capabilities eventually go out of business. That's a concept Target's (NYSE: TGT) leadership fully understands.
The chain had originally planned to spend $7 billion over three years in its stores, supply chain, and technology. That number has increased to $9 billion, according to new CFO Michael Fiddelke in a recent Star Tribune report.
Target has been renovating many of its stores. Image source: Target.
Source Fool.com
