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The big-box chain also pledged new investments
To learn more about women clothes online visit dresses onlineand new brands, changes that industry watchers say are critical to avoid being sandwiched between heavy discounterslike T.J. Maxx at one end and high-end apparel sellers like J. Crew on the other. At the very low end are the very affordable (retail) knockoffs of designers and at the high end you have the specialization, and its hard for Target to respond to both, says Matt Sargent, senior vice president of retailfor Frank N. Magid Associates."Their response is smart to invest in private labels" Target already has some of its own brands including Cat & Jack, a popular children's brand. But Cornell said the company would accelerate investmenti12 new brands expected to generate $10 billion of the company's annual sales over the next two years. Neil Saunders, managing director of the retail analytics firm Global Data said that while "unique brands should help to provide differentiation ... Target already has some strong (owned) brands which get lost in a sea of merchandise on the shop floor. Again, more radical thinking is needed in terms of how stores look and feel, and how the merchandise is presented to the customer.'' For the period ended Jan. 28, sales at stores open at least a year along with digital offeringsfell 1.5%, hitting the bottom of Target's projected range. That included a 3.3% decline at physical stores open at least a year.
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