Target Ramps Up Spending On Supply Network

Target Corp. is stepping up spending on capital expenditures, primarily in its supply network and technology, as the retailer aims to be more nimble in an era of online shopping. The Minneapolis-based discounter told analysts Wednesday at its annual meeting it plans to spend $1.8 billion for the current year and ramp that up next year to up to $2.5 billion. In the last fiscal year ended in January, the company spent $1.4 billion in capital expenditures. The spending comes as Target, like other retailers, grapples with an infrastructure that has been stretched with shoppers buying in different ways. That has left Target struggling to keep basic products like diapers on the shelves. Read more at The New York Times.