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Target’s stock drops

Target names longtime insider Michael Fiddelke its next CEO as it tries to break sales and stock slump

Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% since 2021.

MarketWatch on MSN · 1d

Target’s stock drops as longtime CEO Brian Cornell’s planned departure overshadows an earnings beat

That news overshadowed fiscal second-quarter results that beat profit and sales expectations, amid a meaningful improvement in Target’s store traffic. “It is clear that Michael is the right leader to return Target to growth,

Barron's on MSN · 1d

Target Stock Tumbles. Why a CEO Change Is Overshadowing an Earnings Beat.

Target reported stronger-than-expected second-quarter earnings Wednesday, but that may not matter much to investors, who finally know who the retailer’s next chief executive is going to be. Target announced that longtime veteran and current Chief Operating Officer Michael Fiddelke will succeed CEO Brian Cornell on Feb.

Target’s CEO is stepping down

CNN International on MSN · 1d

Target’s CEO is stepping down as customers turn away

Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.

Insider on MSN · 1d

The next Target CEO knows the retailer needs to do better. Here's his 3-part plan to get it back on track.

Incoming Target CEO Michael Fiddelke has been leading the retailer's acceleration effort to combat falling sales. He laid out plans to restore growth.

CNBC on MSN · 1d

As Target chases a comeback, its new CEO must take on skeptical investors and customers

Target also lost ground with competitors. Chief Commercial Officer Rick Gomez said on Target's earnings call in May that the retailer held or gained market share in 15 of its 35 merchandise divisions in the first quarter. Put another way, it lost ground in the majority of categories that it sells.

Target names new CEO as retailer fights to reverse sales slump

Michael Fiddelke, Target's current chief operating officer, will replace CEO Brian Cornell on Feb. 1 as the retailer works on ...

20hon MSN

Target’s in a brand identity crisis. It’s not alone

Now, investors have another wrinkle to consider. On Wednesday, Target replaced its CEO of 11 years, Brian Cornell — a shakeup ...

Why New Target CEO Michael Fiddelke Must Put The Fun In Fundamentals

On his shopping list come Feb. 1, new Target CEO Michael Fiddelke faces a multitude of challenges from making its offer ...

Target Names New C.E.O. as It Tries to Break Sales Slump

Target on Wednesday named a new chief executive, Michael Fiddelke, the company’s chief operating officer and a 20-year ...

13h

Target's new CEO pick raises doubts about its much-needed brand reboot

Target needs a hard reset on strategy, Wall Street believes. And new CEO Michael Fiddelke may not be the person to do it.

2don MSN

Target is in trouble. We visited 3 stores across the US to find out why.

Target analysts are expecting mixed results when the retailer reports earnings on Wednesday. Business Insider visited stores ...

11h

Target Just Changed Its Leadership. Some Say It’s Not a Great Sign

Fiddelke acknowledged many of these problems on Wednesday, saying Target was “urgently adjusting” to tariffs and changing ...

8hon MSN

Target’s brand crisis, a new Disney, hidden moon discovery: Catch up on the day’s stories

The retailer is in a brand identity crisis, CNN’s Allison Morrow writes. While it’s easy to get lost in Target’s recent ...

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