Discount-store operator Target, Inc. on Wednesday said it will cut the number of sizes, flavors and some brands on its shelves to help resolve out-of-stock issues.<br />The company plans to invest $2 billion to $2.5 billion annually starting 2017, mainly to upgrade its supply chain and technology infrastructure as it pushes for online growth.<br />Chief Executive Brian Cornell said on Wednesday at an investor event, "It's going to be very surgical, category by category.<br />We are not taking a blunt instrument approach to this."<br />According to the firm, its incredibly complex supply chain resulted in unacceptable stock levels in 2015 that hurt sales growth at established stores.<br />Target said it will invest $1.8 billion in 2016, primarily towards similar improvements.
