Target’s ( NYSE: TGT) CEO announcement and second quarter results continued to weigh on shares during the company’s earnings call despite management’s best efforts to assure investors the company is well positioned to recover market share and restore traffic through partnerships (Champion), trading cards, and new product launches.

Target Corp. on Wednesday named Michael Fiddelke as its new chief executive, promoting the company veteran who has served as chief operating officer since February. Fiddelke, 49, will succeed Brian Cornell, who led the Minneapolis-based retailer for 11 years through a period of significant growth and recent challenges.

Target named insider Michael Fiddelke on Wednesday as its new CEO in an effort to turn around the struggling retailer after a series of challenges over recent years that caused its shares to vastly lag those of its peers.

El director general de Target, Brian Cornell, quien ayudó a revitalizar la compañía pero ha tenido dificultades para revertir las

Target Corp. announced Chief Operating Officer Michael Fiddelke will succeed Brian Cornell as chief executive officer effective February 1, 2026, following a unanimous Board of Directors vote. Fiddelke will also join Target’s Board of Directors at that time.

Target Corporation shares fell over 10% premarket on Wednesday after the retailer its new CEO while also reporting second quarter earnings that narrowly beat estimates but showed continuing sales challenges.

We recently published 12 Latest Stocks On Jim Cramer’s Radar. Target Corporation (NYSE:TGT) is one of the stocks Jim Cramer recently discussed. Target Corporation (NYSE:TGT) is one of the largest retailers in America,

Ulta Beauty and Target Corporation have announced they will not renew their popular shop-in-shop partnership when the current agreement expires in August 2026. The collaboration, which began in 2021, brought prestige beauty products to Target stores and allowed customers to link their Ulta Beauty Rewards with Target Circle accounts.