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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.
Target's new CEO, Michael Fiddelke, has not discussed DEI directly, prioritizing retail logistics over cultural messaging.
Now, investors have another wrinkle to consider. On Wednesday, Target replaced its CEO of 11 years, Brian Cornell — a shakeup ...
Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive ...
Chief operating officer and former chief financial officer, Michael Fiddelke, will take over from Brian Cornell as boss of ...
Fiddelke, an Iowa native and University of Iowa graduate, has been with Target since 2003, starting as an intern. Investors ...
Michael Fiddelke, Target's current chief operating officer, will succeed Brian Cornell as chief executive officer, the ...
Target needs a hard reset on strategy, Wall Street believes. And new CEO Michael Fiddelke may not be the person to do it.
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 ...
Target announced it was replacing CEO Brian Cornell with 20-year company veteran Michael Fiddelke, and shares plunged.
Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% ...
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