Target gets new COO to fix supply chain issues and fill its shelves

Chicago

TWO days after being promoted to the new position of Target Corp's chief operating officer, John Mulligan's big job is clear: fix a supply chain that the company blamed for shortages of goods that are undermining sales growth.

On Wednesday, the fourth-largest US retailer blamed its "incredibly complex supply chain" for unacceptable stock levels at its stores this year, forecasting weak growth in current quarter sales at established stores.