Target Appoints Walmart's Foudy to Head Sourcing

Target Corp. has brought on Walmart alum William J. Foudy Jr. as president of sourcing services.

In his new role, Foudy will oversee Target's global sourcing organization, including strategy, operations, quality assurance, product safety and responsible sourcing initiatives. He will report to Target EVP and Chief Merchandising Officer Mark Tritton. He will bring to the table more than 25 years of experience in the sourcing industry, having led international teams for brands such as Nike and Adidas, and most recently acting as VP of global sourcing for Walmart, where he was based in Hong Kong.

"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 in a statement.  "The broad scope of Bills' 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, whose role will go into effect on June 17, said he is thrilled to join what he calls a "world-class sourcing team," and lauded his new employer for having "always excelled at creating consumer excitement with quality, exclusive merchandise."