article_snippet: Board chairman and chief executive Brian Cornell, who joined Minneapolis last August, detailed how the restructuring program will 'transform the retailer's business'.
article_snippet: Board chairman and chief executive Brian Cornell, who joined the company last August said: 'Following a thorough, strategic review of the retailer's business, coupled with a careful evaluation of the changing retail landscape, we have identified the key initiatives that will put Target on a clear path to growth. '
article_snippet: Board chairman and CEO Brian Cornell detailed how the restructuring will 'transform Redefining Target' The chain has been struggling after millions of customers had millions of customers data stolen in a 2013 hacking attack and the company made an unsuccessful foray into Canada.
article_snippet: CEO Brian Cornell's plan has $500million in cuts targeted for this year.
article_snippet: Cornell's plan also includes a $1billion investment in technology and the supply chain.
article_snippet: Part of Cornell's plan also involves exiting Canada.
article_snippet: At the time, CEO Brian Cornellsaid the company had not been able to find a way to make Canada profitable until at least 2021.
highlights_snippet: New CEO Brian Cornell is hoping to 'transform the retailer's business'
  Discount chain has nearly 1,800 stores across US and operates Target.com .