March 8, 2017

Minneapolis — At a financial community meeting on February 28, 2017, Target CEO Brian Cornell, COO John Mulligan and CFO Cathy Smith shared an overview of Target’s plans for the future.

Most notably, the retailer is investing more than $7 billion in capital over the next 3 years, and approximately $1 billion in annual operating profits beginning in 2017, to grow sales faster, gain market share, adapt to guests’ rapidly changing preferences and attract more shoppers to Target.

“We’re investing in our business with a long term view of years and decades, not months and quarters,” Cornell says. “We’re putting digital first and evolving our stores, digital channels and supply chain to work together as a smart network that delivers on everything guests love about Target.”

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