Gregg Steinhafel

Target Corp removed chairman and chief executive Gregg Steinhafel on Monday in the wake of a devastating data breach that hurt the No. 3 US retailer's profits, shook customer confidence in the company and prompted congressional hearings.

Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach.

Bricks-and-mortar retailers are trying to compete with Amazon.com Inc and each other by offering what they hope is the best of both worlds - online sales with the option of store pickups, delivery and returns.

Target Corp removed chairman and chief executive Gregg Steinhafel on Monday in the wake of a devastating data breach that hurt the No. 3 US retailer's profits, shook customer confidence in the company and prompted congressional hearings.

Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach.

Bricks-and-mortar retailers are trying to compete with Amazon.com Inc and each other by offering what they hope is the best of both worlds - online sales with the option of store pickups, delivery and returns.