Target plans $2 billion in cost-cutting moves over next 2 years

IndustriesAssociated Press

Target Corp. plans $2 billion in cost cuts over the next two years through corporate restructuring and other improvements.

The goal: to make the Minneapolis-based discounter more agile to compete in an increasingly competitive landscape.

Continue Reading Below

The moves unveiled Tuesday are being spearheaded by CEO Brian Cornell, who took over last August and who is charged with reclaiming the retailer's image as a purveyor of cheap chic fashions.