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Report: Target invites pitches from startups
Target has launched a website that invites pitches from startups who are interested in running pilot programs with the retailer, according to a report from the Minneapolis Star-Tribune.
The newspaper reports that Target wants to use this new site to find new technology platforms to enhance the customer experience in its stores and through its digital channels. It is not intended to be the place to go to plug products that companies want Target to sell on its shelves or online, the Star-Tribune reports.
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WSJ: Charles Walgreen propelled family firm with focus on drug stores
Charles Walgreen III, grandson of the founder of the Walgreens drugstore chain, devised a new plan for the company after taking over as chief executive in 1971, according to a new profile in The Wall Street Journal.
A man of few words, he told his management team to focus on drugstores and get rid of peripheral businesses, including restaurants, discount department stores, aspirin-making plants and a travel agency. He also simplified the stores’ product line, getting rid of parakeets, pillows and hammocks.