From the Boston Business Journal
Technology, online shopping and cybersecurity are issues at top of mind for Target CEO Brian Cornell, as he leads the $44 billion (market cap) retailer into 2016.
Cornell spoke on Wednesday as part of Boston College’s Chief Executives Club luncheon series at the Boston Harbor Hotel.
“We have to embrace digital,” he said at the luncheon. “No matter what industry we’re in, or what point of disruption we’re facing. We have to all be thinking about digital first. It’s really the innovation that’s going to drive the future.”
The shift to digital shopping and the fast-changing pace of technology also poses major challenges for the company, though. For example, Target in 2013 suffered a data breach that cost the company about $160 million.
Cornell said cyber threats are an industry-wide issue. “I consider this one of the biggest threats to commerce in America,” he said.