RETAIL NEWS

Former Walmart exec joins Target’s sourcing services

BY Marianne Wilson

Target named a sourcing veteran to head up its global sourcing organization.

The discounter, which is the second largest U.S. importer, named William J. Foudy, Jr. as president, Target Sourcing Services, effective June 17. The retailer’s Sourcing Services has 14 offices around the world, which facilitate production in 34 countries.

Foudy joins the retailer from Walmart, where he was VP of global sourcing, based in Hong Kong. He has more than 25 years of experience in the sourcing industry and has led international teams for brands such as Adidas and Nike. In his new role, Foudy will oversee the company’s global sourcing organization, including strategy, operations, quality assurance, product safety and responsible sourcing initiatives. He will report to Target’s executive VP and chief merchandising officer, Mark Tritton.

“Target’s global sourcing operations are a key strength of ours and integral to our ability to deliver a differentiated assortment at an unmatched value in the market,” said Tritton. “The broad scope of Bill’s retail experience, including his tenure working with global brands, will accelerate our efforts as we continue to reimagine our owned brand portfolio, offering guests even more unique products for an incredible price that they can find only at Target.”

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