Facing competition from Walmart as a low-cost retailer, Target has updated its _____ to be a mass merchandiser of inexpensive yet chic goods. To accomplish this, it has entered into design partnerships to offer low-cost goods made by famous designers.

Question

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Target has updated its retail positioning to differentiate itself from Walmart by focusing on being a mass merchandiser of inexpensive yet chic goods, leveraging design partnerships with famous designers to achieve this goal.

Facing Competition from Walmart as a Low-Cost Retailer, Target Has