Target names COO, chief merchant

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]