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Target — which is embroiled in a fierce face-off with Wal-Mart
Stores Inc, Kroger and Amazon Inc <AMZN.N> — said last month
that price cuts on its grocery aisles were a major priority this
year.
Minneapolis-based Target, which has been trying to revamp its
food business for about two years, has lagged Wal-Mart which has
now established itself as the nation's largest grocer.
Burt, who joins Target after 30 years at grocer Kroger, will
report to Chief Merchandising Officer Mark Tritton.
Target's previous grocery chief Anne Dament stepped down in
November, less than eighteen months after she was appointed and
tasked with turning around the retailer's grocery business,
which accounts for a fifth of Target's sales.
Burt, who will join Target on April 10, will be replaced as the
head of Kroger's Fred Meyer division by Joe Grieshaber.
(Reporting by Richa Naidu in Bengaluru; Additional reporting by
Sruthi Ramakrishnan; Editing by Sai Sachin Ravikumar and Shounak
Dasgupta)
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