Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer b...

Target Corp. is eliminating about 8% of corporate roles in its first major restructuring in years, according to a memo viewed by Bloomberg News, a move to cut costs and reduce complexity.

Target has reported flat or declining comparable sales — those from established physical stores and online channels — in nine out of the past 11 quarters.