Tough Search Ahead, As Steinhafel Era Ends At Target

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Carol Spieckerman shares her insights with WWD on what type of leader Target needs in the wake of Gregg Steinhafel's departure.

Excerpts:

Retailers hiring from consumer packaged goods companies is becoming yesterday’s model very quickly. It’s going more toward the digital space. Target is ripe for a new direction and an infusion of new thinking ... The template for the types of people who would be good choices include Marigay McKee and Angela Ahrendts. The two women have the right-brain, left-brain, open-minded-but-minding-the-numbers type of balance. Someone from Amazon or Google or platforms that are expanding into a retail sensibility and that have the digital DNA could be good as well." 

“Target hasn’t fully awakened to the opportunity of leveraging its physical scale. It is one of the few retailers that remains store-centric and is in the midst of playing a mean game of digital catch-up. In the meantime, Walmart is really putting the pedal to the metal.” 

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Article by Sharon Edelson with contributions from Arnold J. Karr, 05/06/14.

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