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The retailer will take recent learnings about which stores are "built to fulfill" and apply it to up to 40 more locations by ...
Incoming Target CEO Michael Fiddelke has been leading the retailer's acceleration effort to combat falling sales. He laid out plans to restore growth.
TGT's core operating margin drops to 3.7% in Q1, exposing pressures from markdowns, digital costs and sluggish sales.
Target said Michael Fiddelke, its current chief operating officer, will succeed Brian Cornell as CEO.
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.
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Target Names Operating Chief Michael Fiddelke As New CEO
Target Corp (TGT) on Wednesday named its operating chief, Michael Fiddelke, as its new chief executive officer, succeeding Brian Cornell. The big-box retailer said that Cornell will transition to ...
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