Target CEO Brian Cornell Says The Winners And Losers In Retail Are Emerging

Target’s CEO thinks the retail industry is shaking out to show clear winners and losers. And Target, reporting first-quarter earnings results Wednesday morning that trounced analysts’ estimates, despite a slew of dismal reports from department store chains a day earlier, would be declared a “winner.” “I think what you are just seeing is — you’re seeing the emergence of winners who have been investing in their business, that are adapting to this new omnichannel environment,” CEO Brian Cornell told analysts during a post-earnings conference call. “And unfortunately, those that are ceding share … have not been able to invest and evolve to the new consumer environment.” Read more at CNBC.