News

Target’s incoming CEO has a heavy lift, as a promised turnaround is not yet close

Michael Fiddelke, the company’s chief operating officer, will take over as chief executive in February as Brian Cornell ...

Iowa native set to become Target CEO as company faces financial struggles

Fiddelke, an Iowa native and University of Iowa graduate, has been with Target since 2003, starting as an intern. Investors ...

Target picks an insider to lead the struggling company when CEO Brian Cornell steps down next year

Target, which has about 1,980 U.S. stores, has been the focus of consumer boycotts since late January, when it joined rival ...

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 Bets a Lifelong Employee Can Steer Its Turnaround

Chief Operating Officer Michael Fiddelke, who will take the top job in February, said the retailer needs to revive its focus ...

Target appoints new boss as it seeks to revive sales

US retail giant Target has appointed a new chief executive as it struggles to reverse a decline in sales and its share price. The leadership change comes as rising prices and uncertainty over the ...