Target adds former Nike innovation chief to board

Core Insights - Target's Chief Operating Officer Michael Fiddelke will become CEO next month, with new board members supporting his turnaround efforts [2][3] - The appointments of John Hoke and Steve Bratspies reflect Target's commitment to enhancing style, design, and value through a deep understanding of consumer needs [3][4] Financial Performance - Target's third quarter results showed a net sales decline of 1.5% year over year, totaling $25.3 billion, with comparable sales dropping 2.7% and merchandise sales decreasing 1.9% [5] Board Appointments - John Hoke, former chief innovation officer at Nike, will join Target's board in March, focusing on governance and sustainability, while Steve Bratspies, former CEO of HanesBrands, will join in April, serving on audit and risk as well as infrastructure and finance committees [6]