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Target’s CEO is stepping down

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.

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.

Business Insider on MSN · 1d

Who is the new Target CEO, Michael Fiddelke?

Michael Fiddelke joined Target as an intern while studying for an MBA. He's since worked in merchandising, finance, operations, and human resources.

Target Picks Insider

Reuters · 20h

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.

Bloomberg L.P. · 1d

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,

1don 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 ...

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 ...

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% ...

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.

18hon MSN

Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target

Walmart is reporting higher profits and sales as it pulls in shoppers seeking low prices for groceries and other essentials.

1hon MSN

Target is getting crushed by Walmart. Here are the reasons why.

Walmart held on to its seasonal goods, he said. Target, he said, got caught up in the moment. And while he said it wasn’t the ...

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 ...

17h

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 ...

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