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Target CEO Brian Cornell steps down

The Associated Press on MSN · 5h

Target picks an insider to lead the struggling company when CEO Brian Cornell steps down next year

Target, which has about 1,980 U.S. stores, has been the focus of consumer boycotts since late January, when it joined rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.

Longtime Target CEO Brian Cornell Steps Down Amid Tariff Woes and DEI Boycotts

Longtime Target leader Brian Cornell exits as CEO; Michael Fiddelke steps in with a turnaround strategy to revive sales and restore growth.

Target replacing its CEO amid company struggles

NEW YORK (AP) — Target named an insider as its next chief executive officer Wednesday, a decision that comes as the discount retailer tries to reverse a persistent sales malaise and to revive its reputation as the place to go for affordable but stylish products.

Target, Wall Street

New York Post on MSN · 9h

Target’s stock plunges 7% as new CEO pick disappoints Wall Street: ‘There won’t be change when change is needed’

“The stock price reflects that there won’t be change when change is needed,” Gerald Storch, former vice chairman of Target and ex-CEO of Toys R Us, told The Post. “The sales are negative and they are bleeding market share.” Target did not immediately respond to The Post’s request for comment.

Los Angeles Times · 14h

Target picks insider as CEO to lead turnaround; shares drop

Target Corp. named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.

Chicago Tribune · 14h

Wall Street drifts in premarket trading while Target tumbles on sluggish sales and a CEO change

Wall Street continues to drift Wednesday while news of a leadership change at Target took some of the spotlight away from the latest batch of corporate earnings reports.

1don MSN

Target customers may soon flee to Walmart due to alarming change

According to a recent analyst note obtained by MarketWatch, BofA analysts state that because of its high import exposure, ...

5hon MSN

Target’s CEO is stepping down as customers turn away

Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to ...

19h

Retail Earnings Still on Deck This Week: Target, Lowe’s, Walmart

Several big-box U.S. retailers are reporting second-quarter earnings this week, offering a glimpse into the spending habits ...

2don MSN

These two charts show Walmart and Target's front-loading strategy

Hot toys such as Squishmallow building sets, Hasbro's Spider-Man action figures and Mattel's Barbie were included in ...

12h

Target stock slumps after retailer names insider Fiddelke to CEO role

Investors panned Target’s choice of insider Michael Fiddelke as CEO on Wednesday, viewing the 20-year company veteran as ...

11h

Why New Target CEO Michael Fiddelke Must Put The Fun In Fundamentals

On his shopping list come Feb. 1, new Target CEO Michael Fiddelke faces a multitude of challenges from making its offer ...

8h

Dow flips higher in choppy trading with help from Travelers, Walmart

The Dow Jones Industrial Average was back in the green again following choppy trading on Wednesday, with shares of Travelers ...

11hon MSN

Walmart Stock, Not Target, Could Drive Consumer Staples’ Momentum

In 2025, Walmart has been a clear outperformer, up 12%, while Target has slumped 22%. Technicians tend not to believe too ...

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