Leadership Changes - Target has announced executive leadership changes under new CEO Michael Fiddelke to accelerate growth plans [1][8] - Cara Sylvester has been appointed as chief merchandising officer, while Lisa Roath has been named chief operating officer [1][4] - Rick Gomez, the chief commercial officer, will depart, and Jill Sando, chief merchandising officer for apparel and accessories, will retire [4][5] Strategic Focus - The leadership changes are part of a strategy to strengthen merchandising authority and enhance guest experience [7][8] - Fiddelke emphasized the need for aligning talent with key roles to simplify the structure and advance strategy with speed and clarity [8] Workforce Adjustments - Target is laying off approximately 500 employees to address declining sales, consolidating districts to streamline operations [6] - The layoffs will affect about 100 jobs from district offices and 400 from the supply chain, with no impact on store roles [6] Executive Experience - Sylvester's background includes experience in digital, loyalty, and marketing, with a focus on growing revenue and market share [9] - As the singular merchandising chief, Sylvester is expected to enhance Target's capabilities in product development and design [9]

Core Insights - Target Corporation is cutting approximately 500 jobs to reallocate financial resources and enhance the in-store customer experience [1][5] - This marks the second significant wave of layoffs within five months, occurring shortly after the appointment of a new CEO [1][2] Job Cuts Details - The job cuts will primarily affect distribution roles, with around 400 positions eliminated in distribution and 100 at the store district level [3][4] - The layoffs represent about one-tenth of 1% of Target's total workforce of approximately 440,000 employees [4] Reasons for Job Cuts - The reorganization of geographic districts is a key factor in the layoffs, allowing for financial savings that will be reinvested into in-store staffing [5] - The company aims to address customer complaints regarding longer checkout lines and store disarray, which have been linked to lower staffing levels [6]

Target on Tuesday named long-time executive Lisa Roath as its operating chief in a boardroom reshuffle under new CEO Michael Fiddelke, as the U.S. retailer focuses on a sales revival. ...

Core Insights - Target is undergoing significant leadership changes under new CEO Michael Fiddelke, who aims to revitalize the company after operational struggles [1][4] - The company is focusing on enhancing its operational speed and addressing priorities to drive growth [2] Leadership Changes - Rick Gomez, a 23-year veteran overseeing inventory, will leave the company, while Jill Sando, chief merchandising officer since 1997, will retire [1] - Lisa Roath will assume the role of chief operating officer, and Cara Sylvester will become the chief merchandising officer [2] - Gomez and Sando will assist with the transition for a short period, with changes effective immediately [3] Operational Adjustments - Target is reiterating its profit guidance while increasing investment in store staffing, despite eliminating around 500 jobs at distribution centers and regional offices [3] - The leadership reshuffle is seen as a necessary step to address declining sales and customer complaints regarding store conditions [4] Market Challenges - Target has faced difficulties as consumer spending has decreased, leading to complaints about store organization and a loss of its budget-friendly image [4] - The company has also dealt with backlash from consumer boycotts related to its corporate diversity initiatives and responses to local social issues [5]

Target Announces Executive Leadership Changes to Accelerate Growth, Confirms Q4 Financial Guidance [Accessibility Statement] Skip NavigationMINNEAPOLIS, Feb. 10, 2026 /PRNewswire/ -- Target Corporation (NYSE: TGT) announces a series of executive leadership changes under new CEO Michael Fiddelke aimed at accelerating the company's growth plans. The appointments follow recent additions to the [Board of Directors] and directly support Fiddelke's focus on strengthening merchandising authority and elevating the ...

VANCOUVER, BC / ACCESS Newswire / February 10, 2026 / Kalo Gold Corp. (TSXV:KALO) (the "Company" or "Kalo") is pleased to report that it has commenced 2026 field operations in Fiji, advancing exploration activities across its 100%-owned Vatu Aurum Project. The current program integrates geophysical datasets with systematic core relogging, field mapping, and soil geochemistry to refine, rank, and sequence priority drill targets across the project. ...

Group 1 - The company is undergoing significant leadership changes, with two long-term veterans exiting as part of a new strategy under CEO Michael Fiddelke [3][7] - Fiddelke emphasizes the need for a streamlined structure to enhance speed, clarity, and accountability in advancing the company's growth strategy [4][6] - Target has reiterated its fourth quarter guidance, expecting a low-single-digit decline in sales [4] Group 2 - Sylvester will focus on enhancing Target's style and design authority through various merchandising functions, marking her return to merchandising after over 18 years with the company [5] - Roath is appointed to scale the style and design focus across all operational functions, indicating a strategic shift in the company's operational approach [5][7] - The transition to a single chief merchandising officer structure is part of the company's effort to streamline its C-suite [7]

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Target is eliminating about 100 roles at the store district level and 400 roles relating to supply chain as part of an effort to invest more into store payroll and improve the customer experience. The mass retailer is consolidating its store districts to streamline its structure and standardizing the field operating model for its supply chain operations, per an int ...

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Kering reported a slightly smaller-than-expected drop in fourth-quarter sales on Tuesday, as new CEO Luca de Meo battles to stabilise the Gucci owner. ...