Target CEO: E-commerce isn't everything

By Gina Acosta - 02/23/2018

Target CEO Brian Cornell said Target had a successful holiday season thanks to the many investments the company has been making in bricks and mortar.

While e-commerce sales are growing, stores will always play an important role in a retailer's overall strategy, Target CEO Brian Cornell told CNBC on Thursday.

"The winning retailers of the future are going to combine great physical assets with the ease that comes along with that digital interaction," Cornell said on "Squawk Box." "For the foreseeable future, the majority of U.S. retail sales will still take place at stores."

Watch the interview with Cornell.