Target's new CEO takes over amid slumping sales, unrest in Minneapolis

Target’s new CEO, Michael Fiddelke, took over on Monday and faces the challenging task of turning around the retailer that has suffered a prolonged period of declining sales and now faces ongoing unrest in its home city of Minneapolis. Target announced in August that Fiddelke, then-chief operating officer and 20-year Target veteran, would succeed Brian Cornell in leading the embattled retailer.Cornell had been at the helm for over a decade. In 2022, he made a three-year commitment to remain CEO. That year, ...