How Target (TGT) Plans to Fix Its Supply Issues

Failure to deliver in time could cost companies $10,000

Target (NYSE:TGT) is laying down the law with other retailers.

TargetThe company is fixing a number of issues in its supply chain. Retailers that help Target have a ready stock of products have not always been on time, or delivered at all.

The retail chain is raising late fees, creating tighter deadlines and making companies shell out as much as $10,000 if they fail to follow through.

These new supply policies will be in effect as of May 30.

TGT stock is down 0.4% Wednesday.

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