During Monday’s current trade, Target Corp. (NYSE:TGT)’s shares lost -0.66% to $83.02, hitting its highest level today, after Target declared the appointment of Anne Dament to the role of Senior Vice President, Merchandising. In this role, she will be responsible for leading the planned repositioning of Target’s food business.
Dament brings more than 19 years of grocery and consumer packaged goods experience to the role. She started her career in food, as a buyer at SUPERVALU and then at Safeway where she held various category and sales administration positions. Later she led Safeway’s Homecare and General Merchandising business operations, where she worked closely with a variety of consumer packaged goods partners and focused on the company’s global buying strategy. In her final role at Safeway, she served as Group Vice President, Perishable Strategy, where she introduced newness in assortments and merchandising, counting meal solutions and grab-and-go options.
Dament’s background also comprises positions at ConAgra Foods partner Grist Mill Co. and Otis Spunkmeyer. She joins Target from PetSmart, where she most recently served as Vice President-Services.
Target leadership formerly declared the company will reposition its approach to food over the next 12 to 18 months. Based on guest insights, focus areas will comprise making better-for-you options simple and attainable, providing meal solutions and offering unique selections for everyday occasions in addition to entertaining.
Target’s food reinvention will emphasize six key categories that resonate most with its guests: better-for-you snacks, coffee and tea, premium sauces and oils, specialty candy, wine and craft beer, and yogurt and granola. It will also expand the availability of natural, organic, locally grown and gluten-free choices to fit guests’ wellness-focused lifestyles. Work on the reinvention is underway, with the most noteworthy changes slated to arrive in stores in 2016.
Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.
In the last stages of Monday’s current trading session, ON Semiconductor Corp. (NASDAQ:ON)’s shares climbed 0.17% to $11.60, after driving energy efficient innovations, has won a “Best Technology Award” from Xiaomi, China’s fast-growing smartphone pioneer.
ON Semiconductor was recognized at Xiaomi’s recent supplier day event for exceptional technological performance and the ability to supply more than 45 advanced technological components across Xiaomi’s broad smartphone and lifestyle product portfolio. The company also hosted various deep-dive technical seminars for the phone maker’s R&D team, contributing to new product designs in addition to providing the world’s smallest package for ESD protection devices.
Founded in China in 2010, Xiaomi has made remarkable progress. Recently the company is the top-selling smartphone brand in China and the fifth-largest smartphone manufacturer in the world. Its sales have soared from over seven million units in 2012 to more than 61 million units in 2014, with stated proceed of $11.97 billion USD in 2014. Xiaomi has expanded into other spheres, such as lifestyle and smart homes, in addition to smart TVs and wearable devices.
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. The Application Products Group segment provides analog, mixed-signal, and advanced logic application specific integrated circuit and application specific standard product solutions; and offers solutions for voltage and current options, in addition to foundry and manufacturing services, counting integrated passive devices technology, integrated circuit (IC) design, packaging, and silicon technology offerings.
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