In an internal memo obtained by CNBC, the retailer said Monday that it is increasing store staffing but cutting around 500 jobs at distribution centers and regional offices.
- Improving shoppers’ in-store experience is a priority for newly minted Target CEO Michael Fiddelke, who took the helm at the beginning of this month.
The company said it was consolidating the number of districts to streamline its store field structure and better empower store directors, prompting the layoffs. It said the restructuring would allow for increased investment in additional in-store labor and guest-experience training.
Target didn’t specify how much it would increase in-store investments, but it also announced a leadership shake-up on Tuesday.
“These structure changes will support growth,” the company said.
Fiddelke, who was appointed in August and officially took the helm this month, has said he wants to improve merchandising, digital capabilities and the store experience. On Tuesday, he said he was replacing the head of merchandising at the company and bringing in a new chief operating officer.
Chief Commercial Officer Rick Gomez will leave the company, while Jill Sando, who oversees merchandising for apparel and accessories, home and Fun101, will retire, Target said.
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