Gomez noted that previously, it took Target up to 27 weeks to bring a new product to market, which was too long to respond to rapidly emerging fashion trends.
He emphasized that Target's new operating model can now bring products to market in as few as eight weeks, allowing for rapid response to consumer demand.
Citing a recent example, Gomez mentioned how Target quickly adapted its holiday apparel offering by incorporating cherries after realizing that's what shoppers preferred.
Gomez believes that retail's next chapter will focus on innovation, newness, and creativity, showcasing how retailers must adapt to evolving consumer needs.
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