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Target Picks Insider

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

By Siddharth Cavale, Juveria Tabassum and Sayantani Ghosh (Reuters) -Target needs a hard reset on strategy, Wall Street believes. And new CEO Michael Fiddelke may not be the person to do it. The retailer has missed the performance mark for many quarters,

Bloomberg L.P. · 15h

Target Picks Insider as CEO to Lead Turnaround; Shares Drop

Target Corp. named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.

BBC · 1d

Target picks insider as new CEO - 20 Aug 2025

The retail giant Target announced that Chief Operating Officer, Michael Fiddelke, will take over as chief executive in February next year when the current CEO steps down. Wall Street appears less than enthusiastic about the choice,

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.

The Associated Press on MSN · 1d

Target CEO to step down amid company struggles

NEW YORK (AP) — Target named an insider as its next chief executive officer Wednesday, a decision that comes as the discount retailer tries to reverse a persistent sales malaise and to revive its reputation as the place to go for affordable but stylish products.

CBS News · 6h

Target CEO stepping down amid slumping sales

Target's CEO Brian Cornell is stepping down after 11 straight quarters of sliding sales. The company's stock has dropped more than 25% since the start of the year. The company said customer backlash to its decision to roll back DEI programs this year has also hurt sales.

7hon MSN

New Target CEO, a former CFO, ‘must prove he’s not just another insider,’ executive recruiter says

Target CEO Brian Cornell is stepping down, and Michael Fiddelke, chief operating officer (COO), will become chief executive ...

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 ...

22hon MSN

Target CEO Brian Cornell steps down; Michael Fiddelke takes over after weak quarter

Michael Fiddelke, Target's current chief operating officer, will succeed Brian Cornell as chief executive officer, the ...

1don MSN

What went wrong at Target

Activists and customers on the right attacked Target on social media for its LGBTQ-themed merchandise during Pride Month.

1don MSN

Target’s stock plunges 7% as new CEO pick disappoints Wall Street: ‘There won’t be change when change is needed’

“The stock price reflects that there won’t be change when change is needed,” Gerald Storch, former vice chairman of Target ...

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% ...

1hon MSN

Walmart is surging ahead of Target as tariffs take a toll

Target also imports about half of its merchandise, compared to roughly 33% at Walmart, so it needs to raise prices at almost double the rate of Walmart to mitigate the tariff impact, Bank of America ...

Target CEO Brian Cornell steps down after 10 years as retailer fights to reverse sliding sales

Target CEO Brian Cornell is stepping down next year after over a decade at the helm as the embattled retailer undertakes a ...

7hon MSN

How Target let Walmart steal its rizz

It didn’t have to be this way. At the start of his tenure, Cornell, who the company announced yesterday will step down as CEO ...

9hon 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 ...

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