Can Brian Cornell save Target?

MinnPost photo by Rita Kovtun

In the wake of the Canadian fiasco, Fortune sets its sights on Target CEO Brian Cornell, asking “Will he re-energize the retailer?” He faces a hard task: 

A company that became a national phenomenon with retail alchemy — a rare ability to attract millions with hip designer items at clear-out prices — has seen that delicate formula stifled by excessive caution and a strangling bureaucracy, even as competitors emulated Target’s approach, and fast-fashion retailers like H&M, off-price chains such as T.J. Maxx, and dollar stores all muscled onto its turf.

The retailer is no longer winning on style or on price.

The story is an in-depth sweep through Target’s recent missteps and some of the changes Cornell is implementing in hopes of turning things around.

Finally, some love for St. Paul. You can vote for Minnesota’s capital in Grantland’s “Who is the Top Second Banana?” bracket. St. Paul, second banana to Minneapolis, faces stiff competition in the first round from the good ol’ U.S.A.’s second banana: Canada. [Hat tip: commenter Mark Ohm]

An end to the great pay-raise kerfuffle? The Star Tribune announces that legislative leaders have reached a deal on raises for state commissioners.

In other news…

Kevin Garnett is coming back to the Timberwolves [Sports Illustrated]

MN near bottom in on-time graduation for students of colorfor the third year in a row [MPR]

Houston County Commissioners vote to ban frac sand mining [WXOW]

The top 10 ‘Minnesota Normal’ behaviors [WCCO]

Fortune’s most admired companies: 3M makes #21, Target drops to #48 [Minneapolis/St. Paul Business Journal]

Garrison Keillor to leave A Prairie Home Companion? [MPR’s NewsCut]

Comments (5)

  1. Submitted by Linda Miller on 02/19/2015 - 03:36 pm.

    Flip should be fired

    His brilliant idea is to bring back an aged player? The cronyism and lack of actual new ideas within the Timberwolves organization is extremely disheartening.

  2. Submitted by Bill Schletzer on 02/19/2015 - 06:19 pm.

    Britt, comment!

    I want to hear from Britt how the Garnett thing is anything but dumb. What youth movement? This is like bringing Grandpa back, career longevity-wise. Flip is all about his plan when it comes to trades? Bull.

    So they gave up a first rounder for Young for Garnett? I can’t listen to local news tonight because those goof balls can’t stop with the boneheaded excitement and no sense of reality.

  3. Submitted by Pavel Yankovic on 02/19/2015 - 07:21 pm.

    The Timberwolves…

    will not be any better with Kevin Garnett than they were without him. They will wish they had Kevin Love, who was statistically better than Garnett back.

  4. Submitted by Jonathan Ecklund on 02/20/2015 - 10:27 am.

    The fact is, Minnesota still loves KG, and it will excite a lot of casual fans. If anything, would having KG back boost ticket sales? I was under the impression that game attendance has been slumping, so maybe that’s a big factor here.

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