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Article: Vendors in their sights: Target's new private-label sourcing plan has some suppliers concerned over a possible conflict of interest.(tabletop)
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- January 14, 2008
- Author:
CopyrightCOPYRIGHT 2008 MacFadden Communications Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Target's newest private-label tabletop initiative, which has vendors negotiating directly with Target's sourcing arm rather than its team of buyers, has industry members questioning a potential conflict of interest and facing allegedly increased competition for the discounter's prized dollars.
During a meeting at Target's Minneapolis headquarters last month, tabletop vendors were told they now must deal directly with Target Sourcing Services/AMC, Target's global sourcing arm, in developing private-label merchandise. In doing so, they are required to supply the names of the factories they work with overseas, a practice ...