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Target names Michael Fiddelke CEO

Target CEO Brian Cornell will step down in February, COO Michael Fiddelke will take his place

Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic, plans to step down Feb. 1.

The Economic Times on MSN · 15h

Target Corporation shares plunge 11% after CEO Brian Cornell steps down. Michael Fiddelke to take charge from Feb 1, 2026

Shares of Nasdaq listed Target Corporation plunged 11% in opening trade hitting a low of $94.15 after the company said that its board has unanimously elected Chief Operating Officer Michael Fiddelke to succeed Brian Cornell as Chief Executive Officer and become a member of its Board of Directors.

MarketWatch · 19h

Target 2Q Sales Drop; New CEO to Take Over in February

Outgoing Chief Executive Brian Cornell said the company benefited from improved traffic and sales trends, as well as disciplined cost management, in the second quarter. Cornell will be replaced by operating chief Michael Fiddelke,

Target Shares Tumble

Bloomberg · 19h

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.

Wall Street Journal · 15h

Target Shares Tumble After Retailer Names a Lifer to Steer Its Turnaround

The chief operating officer, who will take the top job in February, said the retailer needs to revive its focus on stylish merchandise.

MarketWatch · 18h

Target Shares Tumble After Posting Another Quarter of Falling Sales

Shares of Target fell after the company posted its 11th consecutive quarter of flat or falling sales. The stock sank 9.1% to $95.80 in premarket trading Wednesday. Through Tuesday's close, shares have lost more than a quarter of their value over the past year.

14h

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 ...

14h

Target CEO Shakeup May Breathe Fresh Life Into Target

Target Corporation's stock dip is more about politics than performance. Explore the potential opportunity under new ...

11h

Target Outgoing CEO Warns Of Short-Term Tariff Pressure, Stock Sinks

Target Corporation (NYSE:TGT) shares are trading lower in the premarket session on Wednesday. The company reported ...

theshelbyreport10h

Fiddelke To Succeed Cornell As Target CEO

Target Corp. and its board of directors has elected Michael Fiddelke, chief operating officer, to succeed Brian Cornell as ...

13h

Target Q2: Earnings Beat Overshadowed By CEO Transition

Target's Q2 earnings beat estimates, but profitability remains under pressure with declining margins and net income down over ...

12h

Target leads S&P laggards after announcing CEO change

Target Corp. is leading the S&P 500 index’s decliners after the discount retailer announced that Chief Executive Brian ...

MEAT+POULTRY13h

Retail giant Target Corp. taps new CEO

Michael Fiddelke is scheduled to become the next chief executive officer of Target Corp. on Feb. 1, 2026. He is currently ...

16hon MSN

Target Stock Sinks as Retailer Replaces CEO With Company Veteran

Target announced it was replacing CEO Brian Cornell with 20-year company veteran Michael Fiddelke, and shares plunged.

Baking Business14h

Target Corp. outlines CEO succession plan