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Friday, February 10, 2017

Target Cuts Back on Innovation

Target shelves robot store and secret e-commerce start-up   by George Anderson, In Retailwire:

Target is cutting back on its innovation project plans to concentrate more on its core business operations after coming off a holiday selling season when same-store sales declined 1.3 percent.

The Minneapolis Star Tribune reports that among the projects being shelved are Goldfish, a secret e-commerce start-up that got the go-ahead a year back, as well as a store of the future concept using robots that was slated for construction soon. Other projects, while not scrapped, are being cut back as the chain seeks to get its business turned around. ... "

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