U.S. in Recession

Target CEO sees 'encouraging signs'

by Tom Crann, Minnesota Public Radio

Minneapolis — The nation's large retailers continue to struggle, as consumers have cut back on their spending during the recession.

Target Corp., based in Minneapolis, has had a rough several months because more of its business is based on non-essential goods like clothing and home furnishings.

The CEO of Target, Gregg Steinhafel, said today he's seeing some encouraging signs that a slow turnaround may be getting underway.

Steinhafel talked with MPR's Tom Crann.

Broadcast Dates

• All Things Considered, 04/16/2009, 5:25 p.m.