Target Tries to Turn Things Around With Management Shake-up

Target (TGT) stores, which is out with earnings today, has suffered from some missteps. It's miscalculated on digital as well as inventory shortcomings. Target has also seen high level departures as the company works to keep up with the competition. The executive changes continued this week with Cathy Smith joining the company from Express Scripts (ESRX) to become Executive Vice President. Analysts were positive on the new that Target was buying CVS Health for $1.9 billion but they are worried about sales of apparel at the discount retailer. Target has much greater exposure to apparel and accessories than it's competitors. Target is estimated to get 20% of sales from apparel and jewelry. Shares of Target have gained 6% since the beginning of the year compared to a 2% gain for the S&P 500.