The announcement was made alongside Target’s Q2 2025 earnings release, where the company reported a 0.9% drop in sales compared to the same three-month period last year. (Photo: Gary Hershorn via Getty Images) https://t.co/rj3aRxNpr5 https://t.co/vJtckpl652 ...

Big-name retailers are filing into the earnings confessional this week, with investors keen to see how consumer spending is looking. Today's buzz is coming from Lowe's Companies Inc (NYSE:LOW) and Target Corp (NYSE:TGT). Below we'll take a close look at how LOW and TGT are faring. Behind the Lowe's Stock BreakoutLOW is moving 2.6% higher to trade at $263.09 this morning, after adjusted second-quarter earnings topped estimates at $4.33 per share. While Lowe's missed revenue estimates on a reading of $23.96 ...

Core Insights - Procter & Gamble plans to cut up to 6% of its global workforce, approximately 7,000 jobs, in response to consumer uncertainty and tariff-related costs [2] - Target's recent earnings report shows a decline in sales and profit, with sales falling just under 1% to $25.2 billion and profit dropping 19% year-over-year to $1.3 billion [3] - Target's stock price has decreased by 31% since the announcement of changes to its diversity, equity, and inclusion (DEI) programs, resulting in a market cap loss of over $13 billion [5] Company Challenges - Target's new CEO, Michael Fiddelke, will face significant challenges following the departure of Brian Cornell, particularly regarding the backlash from the company's DEI program changes [4] - Financial pressures are compounded by tariff uncertainties and a slowdown in consumer spending, which are expected to persist [5][11] - The company has seen a decline in foot traffic, with a 9% drop in website traffic coinciding with a social media movement calling for a boycott [8][10] Tariff Impact - Target is facing new challenges from tariffs, which could lead to higher import costs and further price increases, alienating price-sensitive consumers [11] - The timing of these tariffs is problematic as Target struggles to regain its footing amidst declining sales [11][13] Business and Political Intersection - Target's situation highlights the importance of consistency in business practices, particularly regarding DEI programs, as inconsistency can erode consumer trust and loyalty [14] - Maintaining customer loyalty is crucial for business resilience and growth, as loyal customers drive repeat purchases and provide valuable feedback [15] - Companies must stand by their principles during volatile times to maintain and earn customer trust and loyalty [16]

There's Target this morning announcing it has chosen its next leader in the wake of the retailer's sluggish sales and stock price. COO and company veteran Michael Fiddlekey will succeed Brian Cornell as CEO in February of next year. Our Sarah Eisen's here post tonight with more on the change at the top on comps on their reiteration of fullyear guidance.>> Yeah, no question Fideli is going to have a tough job coming in February 1. He's been at the company since 2003. started as an intern, has worked in merch ...

So Target CEO succession getting more attention than its results this morning after more than 11 years as CEO Brian Cornell will transition to executive chairman at the end of the fiscal year. So February 1st, current COO, former CFO and 20-year Target veteran Michael Fideli will take the top job in February. Fideli told reporters, I'm quote stepping in with urgency to rebuild momentum and return to profitable growth.He's got three priorities. He says, first, we have to lead with merchandise beyond the occa ...

Group 1: Retail Earnings - Lowe's shares are indicated higher by 3% in premarket trading after beating earnings expectations, meeting revenue forecasts, and raising future sales guidance [3] - Target shares are down 9% in premarket despite beating revenue and earnings forecasts, as overall sales and traffic fell [4] - TJX Companies shares are indicated higher by nearly 4% after raising full-year earnings per share guidance following a stronger-than-expected quarter [5] Group 2: Market Trends - Technology stocks experienced declines, with Nvidia down 3.5% and Palantir down 9%, leading to a 1.5% drop in the Nasdaq Composite [2] - Home Depot's stock rose 3% following a solid earnings report, contrasting with Target's significant drop [6][4] - Market volatility remains low with the VIX under 16, and S&P 500 profits have been strong and better than expected [10] Group 3: Economic Indicators - The annual economic conference in Jackson Hole is underway, with Fed Chairman Jerome Powell's speech anticipated on Friday [8] - The probability of a quarter-point rate cut at the September Fed meeting is currently at 83% according to the CME Fed Watch Tool [8] - Home Depot indicated modest price increases are likely, a shift from previous statements about tariffs not impacting pricing [7] Group 4: Company-Specific Developments - Lowe's announced an $8.8 billion acquisition of Foundation Building Materials to attract more home building and home improvement professionals [3] - Intel shares have risen 27% this month following discussions of U.S. government investment and a $2 billion investment from Softbank [9] - The Trump administration is considering taking a stake in Intel, with similar discussions for Micron and Taiwan Semiconductor [9]

After 11 plus years uh as CEO, Brian Cornell was going to transition now to executive chairman at the end of the fiscal year at Target and current COO, former CFO and 20-year Target veter veteran Michael Fidelki is going to take the top job. Joining us now with his reaction to this news and the company's results, Michael Lasser, UBS uh equity research analyst. And just about across the board, Michael, we have had uh people saying that the earnings were kind of a non-event and the disappointment reflected in ...

Why Target CEO Brian Cornell will step down from the role in February: https://t.co/a9EX5KzrHZ https://t.co/a9EX5KzrHZ ...

Target has chosen a veteran company executive to serve as its new CEO.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Michael Fiddelke, Target’s chief operating officer and former finance chief, will take the chief ...

Target (TGT) Q2 2026 Earnings Call August 20, 2025 08:00 AM ET Company ParticipantsJohn Hulbert - Director - Investor CommunicationsBrian Cornell - Chair & CEOMichael Fiddelke - EVP, Incoming CEO & COORick Gomez - EVP & CCOJim Lee - EVP & CFOKate McShane - Managing DirectorCorey Tarlowe - SVP - Equity ResearchJoseph Feldman - Senior MD & Assistant Director - ResearchSimeon Gutman - Managing DirectorEdward Kelly - MD - Equity ResearchConference Call ParticipantsMichael Lasser - Equity Research Analyst - Hard ...