Michael Fiddelke news and archive

Michael Fiddelke to lead Target as new CEO starting February 2026

Target Corporation has announced a major leadership change, with its board of directors unanimously electing Michael Fiddelke as the new chief executive officer. Fiddelke, who currently serves as chief operating officer, will also join the board of directors. Both appointments will be effective on February 1, 2026. Current CEO Brian Cornell will...

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Target aims to drive growth with New Acceleration Office after Q1 sales drop

Target Corporation released its first quarter 2025 financial results, reporting net sales of 23.8 billion dollars, a 2.8 percent decrease versus the same period last year. The retailer highlighted digital comparable sales growth of 4.7 percent, driven by a significant 36 percent surge in same-day delivery through its Target Circle 360 program...