Target Plans to Spend Another $1B on Merchandising, Store Experience Next Year

Michael Fiddelke — who began as an intern in Target Corp.’s finance department and is due to become chief executive officer in February — is getting ready to hit the ground running, pumping another $1 billion into the shopping experience. Even though the company’s third-quarter results came in largely as expected, Fiddelke’s still going to have to get up to speed quickly if the retailer is to regain some of its old “Tar-Jay” magic. More from WWD Net earnings fell 19.3 percent to $689 million for the thre ...