Target sales fall 2.5% during holiday quarter to cap 'challenging' 2025 as new CEO Michael Fiddelke takes over

Target (TGT) posted lackluster fourth quarter and full-year results on Tuesday, capping off what the company called a "challenging year" as new CEO Michael Fiddelke looks to turn around results for the struggling retailer. Target said Tuesday its same-store sales fell 2.5% during the holiday quarter and 2.6% for the full year. Both declines were in line with Wall Street expectations, according to Bloomberg forecasts. In the fourth quarter, its in-store sales fell 3.9% while digital sales rose 1.9%. Rev ...