NEW YORK—Target 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 include putting pressure on its vendors, asking them to pick up the tab for transporting goods and requiring some to retain more merchandise at their own warehouses, 11 Target vendors told Reuters.
