Target (TGT) recently announced a CEO transition, with Michael Fiddelke set to replace Brian Cornell, highlighting continuity in leadership and a focus on enterprise efficiencies. Despite a decline in earnings,

Target CEO Brian Cornell will step down in 2026, handing leadership to COO Michael Fiddelke as the retailer grapples with boycotts, tariffs, and falling sales.

The retailer’s board believes a company veteran can promote much needed change. Now, Michael Fiddelke has to prove himself to others.

Target (TGT) shares fell after Q2 results were reported. Analysts have mixed views, with some lowering price target while others maintaining ratings.

(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, with sales flagging after a pandemic high, as it failed to ...

Michael Fiddelke, the company’s chief operating officer, will take over as chief executive in February as Brian Cornell transitions to executive chair. The announcement comes at a time Target is trying to emerge from multiple quarters of sales declines.

Fiddelke, an Iowa native and University of Iowa graduate, has been with Target since 2003, starting as an intern. Investors reacted negatively to the appointment, causing Target's shares to drop over 6%. An Iowa native and University of Iowa graduate will be the new top executive of Target, one of the nation's largest retail chains.

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