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Target CEO notes dip in Hispanic shopping, outlines retailer’s strengths at tech conference
ASPEN, Colo. — At Fortune’s Brainstorm Tech Conference here, Target CEO Brian Cornell sat down to discuss the company’s strategy to reach its consumers and where it sees itself in the retail landscape — touting the key role its store base plays in its business even as it builds up its digital infrastructure. He also emphasized the company’s connection with its shoppers — and noted a sizeable dip in shopping activity among Hispanic consumers in the United States in the past several months.
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Church & Dwight to acquire Waterpik for $1B
EWING, N.J. — In a move aimed at bolstering its oral care portfolio, Church & Dwight on Monday announced it planned acquisition of Waterpik. The CPG giant will be paying $1 billion cash for the company, which markets the No.1 water flosser brand and showerhead brand, and brought in $265 million in sales for the 12 months ended June 30.