Retailer has enough inventory for holidays


Target CEO Brian Cornell is confident the big-box retailer will have plenty of merchandise this holiday season, despite industrywide supply chain complications that have sparked worries that items could quickly sell out of stock.

Target’s inventories were up $2.5 billion in its latest quarter compared with a year earlier, Cornell said in an interview with CNBC’s Becky Quick on “Squawk Box” Wednesday morning. The company has been buying goods early in preparation for a blowout holiday season and is cognizant of port delays, heightened transportation costs and other shipping constraints.

“We’re getting access to that inventory, and our stores are at this point ready for the school season,…


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