Target is going to great new lengths to understand its customers — to the point where corporate leaders are going into people's homes, opening up closet doors and poking around cupboards.
CEO Brian Cornell was going to Chicago Wednesday night for another home visit, hoping to understand such things as consumers' food choices, fashion trends and shopping habits. So far, he and about a dozen key officers have met with Hispanic moms and single millennials in various cities to do some "fundamental ethnography work," an approach new to the retail chain.
Most times, consumers have no idea they've got the undivided attention of the man in charge.
It's all part of Cornell's plan to make the nation's No. 2 discount chain more nimble and better able to woo a generation of consumers who are digitally savvy and harder to pin down.
"It's not just about Mom anymore," Cornell said Wednesday, as he laid out a vision for the retailer's future in a speech to about 300 business leaders in downtown Minneapolis.
He also said the retailer would hire 1,000 IT professionals to meet the needs of the new consumer.
The retailer's traditional customer — a white soccer mom, driving a minivan and living in the suburbs — has changed, he said. The focus has broadened to include consumers who are more urban-centric, and increasingly Hispanic. Target is competing mightily with Amazon.com and other retailers to grab the attention of young millennials as they strike out on their own and start careers and families.
Evoking the still-strong popularity of Bruce Springsteen, who is 66, Cornell said the Boss understood that "to make great music, he had to evolve with the times."