Target Corp. said Tuesday that it has hired Mark Tritton to serve as chief merchandising officer after a search that lasted nearly a year. Kathryn Tesija stepped down from the role on July 6, 2015 after more than 30 years with the company. Tritton joins from Nordstrom Inc. , where he was president of Nordstrom Product Group, overseeing merchandising, marketing, and other functions. The company also named Jason Goldberger to the newly-created role of chief digital officer. Goldberger joined the company in 2013 was named president of Target.com and mobile in 2014. Target shares are up 2.8% for the year so far, but down 5% for the past 12 months. The S&P 500 is up 1.1% for the year to date.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
