Fund manager Sylvia Jablonski said Tuesday that the inventory snares that sparked premarket selling in Target (NYSE:TGT) could have been avoided with investments in blockchain and digital contracts.
In an interview with CNBC, the chief investment officer for Defiance ETFs acknowledged that the retailer was facing near-term headwinds caused by a volatile post-pandemic economy. However, she argued that TGT's recent woes also pointed to a longer-term need to upgrade the firm's tech infrastructure.
"What I think is this just signals is that some of these big-box retailers are going to have to fully digitalize. They are going to have to fully work on their technology and their logistics for inventory and shipping and whatnot," she said.
Jablonski added: "If you think about blockchain technology and smart contracts, you can sort of envision one day that these problems will be avoided."
Jablonski's comments followed a warning from Target (TGT), which said that it will need to "right-size"...
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