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Target, CEO

Target stock is down 64% over 4 years—and investors who were ‘hoping for an external CEO’ are disappointed by the choice of its next leader

The news the retail industry has been anticipating for months was finally announced on Wednesday: Target CEO Brian Cornell is finally stepping down after 11 years at the helm and will be replaced by his operations chief Michael Fiddelke in February.

New York Post on MSN · 19h

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 and ex-CEO of Toys R Us, told The Post. “The sales are negative and they are bleeding market share.” Target did not immediately respond to The Post’s request for comment.

MarketWatch · 20h

Target leads S&P laggards after announcing CEO change

Target Corp. is leading the S&P 500 index’s decliners after the discount retailer announced that Chief Executive Brian Cornell is stepping down next year, to be replaced by the company’s Chief Operating Officer Michael Fiddelke.

Target, Michael Fiddelke

Forbes · 23h

As Target Names New CEO, Stock Tumbles 10% As DEI Hit And Tariffs Drag On Sales

As Target announces a new CEO, the retailer is reporting declines in revenue and operating income. As shares tumble 10% their DEI pullback & tariffs are dragging on sales

NBC News · 1d

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% since 2021.

USA TODAY on MSN · 17h

Target CEO Brian Cornell steps down; Michael Fiddelke takes over after weak quarter

Prior to being named chief operating officer in January 2024, Fiddelke was Target's chief financial officer. In addition to assuming the role of CEO, Fiddelke will join Target's b

2hon MSN

Target might be having an ‘identity crisis,’ but some analysts are still standing by the stock

A redoubled focus on style “may not be enough in a retail landscape where convenience, selection and speed have rapidly ...

TGT stock price: Why are Target shares dropping today—and who is Michael Fiddelke?

In addition to announcing its Q2 2025 results, Target also revealed that it would be getting a new CEO. The company announced ...

Target Stock Suffers Worst Session Since ‘Liberation Day’ Selloff

Shares in Target sank after the retailer reported its 11th straight quarter of flat or falling sales, and said Chief ...

22h

Target CEO Shakeup May Breathe Fresh Life Into Target

Target Corporation's stock dip is more about politics than performance. Explore the potential opportunity under new ...

14h

Should You Buy the Post-Earnings Dip in Target Stock?

Target stock tanks as the retail behemoth offers muted full-year guidance and names an insider its next chief executive. UBS analyst says TGT shares lack a near-term catalyst.

Wall Street Journal5h

Retail Earnings Roundup: Walmart Will Follow Target, Lowe's and TJX

Target stock fell Wednesday after it reported another lackluster set of results and named a company lifer as its next chief ...

20h

Target Q2: Earnings Beat Overshadowed By CEO Transition

Target's Q2 earnings beat estimates, but profitability remains under pressure with declining margins and net income down over ...

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