Target has hired a new vice president from the retailer's main competitor.
Arthur Valdez, who has spent the last 16 years at Amazon, will be the Minneapolis-based company's new executive vice president, chief supply chain and logistics officer, Target announced Monday.
The Associated Press says hiring Valdez "underscores how serious" the retailer is becoming about blending its online services with its brick-and-mortar stores, noting it's been a challenge for many companies as the popularity of online shopping soars.
Fixing the company's inventory problems has been among CEO Brian Cornell's top priorities as of late. The company has been fulfilling online orders from its stores and warehouses, but that caused some store shelves to sit empty, Cornell said last year.
Valdez will lead Target's supply chain transformation, including planning, distribution and transportation, and will report to John Mulligan, target's chief operating officer, who has been focused on improving Target's supply chain operations, the news release says.
Last week, Target said out-of-stock metrics were 20 percent better than last year, Forbes reports.
“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,” Mulligan said in a news release. “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.”
Valdez, who will join the company on March 28, is Target's second hire in the past few months that is focused on making sure store shelves are stocked, the Star Tribune notes.