US EditionTarget’s brand new CEO faces a sales slump and turmoil in Minneapolis
Michael Fiddelke faces ongoing sales declines and protests at 23 Minnesota stores amid demands for Target to oppose federal immigration enforcement, affecting brand trust nationally.
- Michael Fiddelke assumed the CEO role Sunday as Brian Cornell became executive chairman, and Fiddelke sent a Monday letter outlining urgent priorities.
- Target reported weak quarterly results with revenue falling 1.5% to $25.3 billion and same-store sales declining 2.7% amid intensified competition from Amazon, Walmart and Costco.
- Target is increasing capital spending to $5 billion, boosting investments in stores, merchandise, and technology as part of its four initial priorities, including merchandising authority.
- Consumers have staged demonstrations at dozens of Target stores, with anti-ICE activists occupying 23 Twin Cities stores after the Jan. 24 killing of Alex Pretti and rallies of 50, 100 and 300 people in Minneapolis, Seattle and other cities.
- Analysts warn that structural challenges remain, noting Target peaked in 2022 and must fix inventory gluts, understaffing, and store-readiness lapses to succeed.
31 Articles
31 Articles
Pittsburgh Post-Gazette
Greater Milwaukee TodayNew Target CEO takes over amid political scrutiny, shaky financial performance
Target officially has a new CEO. Michael Fiddelke, who was named to the role in August, took over Sunday as Target Corp.’s fourth-ever chief executive....
Target's new CEO isn't acknowledging the anti-ICE protests
If you read brand new Target CEO Michael Fiddelke’s first message as chief to customers, employees and partners, you could be forgiven for not realizing that the retailer currently finds itself in the maelström surrounding immigration raids across the country, especially in its hometown of Minneapolis. Fiddelke, who officially took the reins of the struggling retailer on Sunday, laid out in a note on LinkedIn and on Target’s web site on Monday w…
Evanston clergy members urge Target to take stand on immigration issue
Eight demonstrators from Evanston met local Target store managers Monday to ask the national chain to take a public stance against the federal government’s crackdown on undocumented immigrants. The group — mostly members of the local clergy — entered the store Monday morning and presented the retailers with a letter that asked, among other demands, that the chain place signs at their entrances prohibiting agents from entering without signed judi…
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