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Will Target (TGT) Stock Be Lifted by New CMO, Chief Digital Officer?

NEW YORK (TheStreet) -- Target (TGT) shares are retreating 0.42% to $74.30 on Tuesday despite announcing earlier today that it has named Nordstrom (JWN) executive Mark Tritton as its new executive VP and CMO, ending a one-year search.

In his new role, Tritton will be in charge of enterprise buying, product design and development, sourcing, visual merchandising strategy and merchandising transformation and operations.

Previously, he was the executive VP and president of Nordstrom Product Group, where he had similar responsibilities.

"Over the past year, we've undergone an exhaustive search for a chief merchant, and I'm confident that Mark's experience and...