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Target Corp.

Target CEO says store's stocking problems are 'unacceptable'

MINNEAPOLIS As Target Corp. continues to draw more shoppers and sales, the Minneapolis-based retailer has been slipping in some of the basics such as keeping items in stock. Chief executive Brian Cornell pointed out several operational challenges heading into the latter part of the year, after the company on Wednesday reported stronger-than-expected second quarter results. "Over time, Target has developed an incredibly complex supply chain built to serve an outdated, linear model in which products flowed from vendors through distribution centers to stores," he told analysts on a conference call. But today, he said, that flow has been disrupted by online shopping and the...