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Amid questions in the retailing and investment communities about whether Target is losing its edge, the company announced that it will embark on an aggressive cost-cutting program, working to reduce the price of the products it buys by aggressively working on supply chain management.

In a conference call with analysts, Target executives reportedly alluded to Kmart’s troubles, saying that as the competition between Wal-Mart and Target became more focused, they recognized that they need to keep costs and prices in line more than ever.
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