Target names former Walmart executive as supply chain chief
Investing.com -- Target on Tuesday appointed Jeff England as its chief supply chain officer as CEO Michael Fiddelke works to strengthen the retailer's management team while pushing for improved efficiency and sales growth.
England will join Target at the end of this month from building material supplier QXO, where he currently serves as chief supply chain officer. He will replace Gretchen McCarthy, who will transition to a strategic advisor role through August.
Between 2004 and 2022, England held several positions at Walmart, including senior vice president for supply chain. He also served as chief supply chain officer at Genuine Parts Company before joining QXO.
Fiddelke, who became Target's chief executive in February, has committed to turning around the company following several quarters of weak sales. The retailer announced a roughly $6 billion plan to improve inventory, in-store experience and delivery times.
England will report to Lisa Roath, Target's chief operating officer, and will be responsible for accelerating the company's supply chain plans. His appointment follows the additions of Cara Sylvester as chief merchandising officer and Roath as chief operating officer under Fiddelke since February.
In March, Fiddelke told investors the company saw opportunity for efficiency within supply chain as it looked to improve in-stock levels and scale up same-day delivery from its roughly 2,000 stores in the United States.
On April 29, Target opened its first receive center, an upstream warehouse in Houston, to help store inventory from vendors across the country. The facility aims to maintain in-stock levels while preventing stores and distribution centers from becoming overcrowded.
The company is also investing more in store employees while cutting back on some corporate roles. Target reduced prices on about 3,000 products earlier this year.
Target reports quarterly results on Wednesday during a busy retail earnings week as investors look for commentary on consumer spending amid high inflation and supply chain volatility due to the Iran war.
