Leadership Restructuring - Target Corporation is reshaping its leadership structure under new CEO Michael Fiddelke, focusing on faster execution, clearer accountability, and a stronger merchandising backbone [1] - Cara Sylvester has been appointed as chief merchandising officer, consolidating merchandising responsibilities to enhance Target's authority in style and design [2] - Lisa Roath has been promoted to chief operating officer, overseeing the entire retail operation with an emphasis on improving speed and efficiency [3] - The reorganization includes senior departures, with chief commercial officer Rick Gomez exiting and executive Jill Sando retiring, while the company seeks a new chief guest experience and marketing officer [4] Financial Outlook - Target reaffirmed its financial outlook, expecting a low-single-digit decline in fourth-quarter sales, with adjusted earnings projected at $7.00-$8.00 per share and GAAP earnings anticipated at $7.70-$8.70 [5] - The leadership changes and steady guidance indicate that Target is laying the groundwork for a more disciplined and cohesive strategy [5] Market Performance - Target's shares have declined 8% over the past year, contrasting with the industry's growth of 8.6%, while Dollar General shares have surged by 102.6% [6] - Target's forward 12-month price-to-earnings ratio is 14.57, significantly lower than the industry's average of 33.38, and trading at a discount compared to Costco and Dollar General [7] Earnings Estimates - The Zacks Consensus Estimate for Target's fiscal 2025 earnings implies a year-over-year decline of 17.6%, while fiscal 2026 indicates a growth of 6.2% [11]