Sales Revival
Search documents
Target's new CEO takes over amid slumping sales, unrest in Minneapolis
Fox Business· 2026-02-02 16:26
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, ...