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Thursday, February 19, 2026

Target puts the squeeze on suppliers after inventories pile up

NEW YORK, July 22 (Reuters) – Target (TGT.N) Chief Executive Officer Brian Cornell pledged in a June blog post that the retailer would take necessary actions to adapt to a post-pandemic landscape, paring a record $15.1 billion in unsold merchandise. Behind the scenes, Target’s actions this summer …

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