SAME SLOGAN, DIFFERENT EMPHASIS
In fall 2008, Target acknowledged the slide and announced its intentions to do something about it. Target CEO Gregg Steinhafel succinctly summarized the company’s new strategy: “The customer is very cash strapped right now. And in some ways, our greatest strength has become somewhat of a challenge. So, we’re still trying to define and find the right balance between ‘Expect More. Pay Less.’ The current environment means that the focus is squarely on the ‘Pay Less’ side of it.”