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PRIMARK
p&c Area Manager- Mid-Atlantic/Southeast
Permanent · BOSTON
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time: Fashion Valley
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time, Roosevelt Field
Permanent · Garden City
ABERCROMBIE AND FITCH CO.
Vice President, Enterprise Systems (Remote)
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Palisades
Permanent · West Nyack
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · SAN ANTONIO
URBN
Anthropologie Senior Design Director
Permanent · PHILADELPHIA
URBN
Anthropologie Visual Merchandising Manager
Permanent · PALM DESERT
ADIDAS
Senior Manager Human Resources - dc Operations
Permanent · WILKES-BARRE
GAP INC.
Asset Protection Service Representative - Gap Downtown Crossing
Permanent · Boston
NORDSTROM
Asset Protection - Agent - Cascade Plaza Rack
Permanent · Beaverton
NORDSTROM
Asset Protection - Agent - The Oasis at Sawgrass Mills Rack
Permanent · Sunrise
NORDSTROM
Asset Protection - Agent - Tacoma Mall
Permanent · Tacoma
NORDSTROM
Asset Protection - Agent - City Creek Center
Permanent · Salt Lake City
NORDSTROM
Area Maintenance Manager - West Coast Omni Center - Riverside, ca
Permanent · Riverside
NORDSTROM
Senior Maintenance Manager - West Coast Omni Center - Riverside, ca
Permanent · Riverside
NORDSTROM
Asset Protection - Agent - Centre at Post Oak Rack
Permanent · Houston
NORDSTROM
Manager - Asset Protection - Twelve Oaks
Permanent · Novi
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Mechanicsburg
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time, Roosevelt Field
Permanent · GARDEN CITY
URBN
Free People Assistant Visual Manager
Permanent · SKOKIE
By
Reuters
Published
Sep 7, 2022
Reading time
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Target CEO Cornell to stay three more years in bid for stability

By
Reuters
Published
Sep 7, 2022

Target Corp on Wednesday scrapped its policy of chief executives having to retire at 65, allowing Brian Cornell to lead the retailer for another three years as it battles through a period of high inflation and overstocked stores.


Reuters



Cornell, 63, has served as Target's CEO since 2014 helping beef up the company's online shopping and delivery operations to keep pace with larger rivals Amazon.com Inc and Walmart Inc.

The former PepsiCo and Walmart Inc executive also led the company though the exit of its Canadian operations and the sale of its pharmacy business to CVS Heath Corp in 2015.

Target's shares rose 1.3% as investors cheered the prospect of stability in the big-box retailer's leadership as it faces the burden of clearing shelves of excess apparel, electronics and other discretionary goods due to slowing consumer demand.

"As a longtime shareholder, it's awesome," said Bill Smead, chief investment officer of Smead Capital Management, which owns Target shares worth about $190 million.

"Brian Cornell has done a fantastic job and who would want to change skippers when you get a little bit of rough water? There are very talented people on the bench at Target, but you don't want to start somebody in the fire," Smead said.

That fire refers to the task Cornell now has in shoring up Target's profit margins while balancing the need to discount more to stay competitive.

The company reported a bigger-than-expected 90% fall in quarterly earnings last month.

Cornell's total 2021 compensation was $19.76 million, roughly the same as the prior year.
Boeing Co last year extended its required retirement age to 70 from 65 to allow CEO Dave Calhoun to stay in the top job.

Target also said on Wednesday Gretchen McCarthy, head of the company's global inventory management, would take over as chief supply chain and logistics officer, replacing Arthur Valdez.

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