It's no secret that Target has a supply problem. The company admitted as much when announcing on Monday the hiring of Arthur Valdez, an Amazon.com executive, to run Target's supply chain, including distribution, planning and transportation.
Mr. Valdez, who most recently served as Amazon's vice president of operations, overseeing its international supply chain, was with the e-tail giant for 16 years. He has also held positions with Walmart and Kmart during his 20-year career in retailing. He will officially join Target on March 28.
"While we've made significant progress in improving our operations, Target's growth hinges on our ability to enhance the fundamental aspects of our business, starting with the supply chain," said John Mulligan, executive vice president and chief operating officer at Target, in a statement. "Arthur's leadership and experience will be a tremendous asset as we continue to drive improvements in end-to-end processes including leveraging our almost 1,800 stores to deliver a seamless experience for our guests."
Target saw its online sales jump more than 30 percent in the fourth quarter after it announced free shipping on all orders regardless of size.
- Target Corporation Names Arthur Valdez Executive Vice President, Chief Supply Chain and Logistics Officer - Target Corporation
- Target hires Amazon executive to help improve supply chain - Minneapolis Star Tribune
- Target taps Amazon heavyweight to overhaul supply chain - The Associated Press/The Denver Post