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Target's senior management has been talking up the importance of technology, and CEO Brian Cornell calls it the backbone of the company's strategy, from stores and supply chain improvements to growing customer loyalty.
Target issued a call for submissions to its first Techstars accelerator program last October and received more than 500 entries. That list has now been narrowed down to 10 startups which will now take up residence at Target headquarters in Minneapolis.
Target has been at the forefront of retail technology, rolling out new mobile initiatives and cultivating a culture of innovation with incubators in both Silicon Valley and Minneapolis. One year after joining the company, the head of Target's top-secret Goldfish project opens up about good and the bad of working at Target.
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