Target has named William Foudy, Jr. as president, Target Sourcing Services. He will oversee Target’s global sourcing organization, including strategy, operations, quality assurance, product safety and responsible sourcing initiatives.
Foudy will report to Target’s evp/chief merchandising officer, Mark Tritton.
Target Sourcing Services has 14 offices around the world, which facilitate production in 34 countries. Target is the second largest U.S. importer, according to the company.
“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.”
Foudy brings to Target more than 25 years of experience in the sourcing industry and has led international teams for brands such as Adidas and Nike. Most recently, he comes from Walmart, where he was vp/global sourcing, based in Hong Kong.
“Target has always excelled at creating consumer excitement with quality, exclusive merchandise,” said Foudy. “I’m thrilled to join and lead the world-class sourcing team that contributes to Target’s growth, industry leadership and guest experience.”
Foudy will join Target June 17.