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Target names COO Michael Fiddelke

TGT stock price: Why are Target shares dropping today—and who is Michael Fiddelke?

In addition to announcing its Q2 2025 results, Target also revealed that it would be getting a new CEO. The company announced that its current CEO, Brian Cornell, will be stepping down from the role in February 2026. On February 1, its new CEO, Michael Fiddelke, will take the reins. Cornell has been Target’s CEO since 2014.

NBC News · 5h

Target names longtime insider Michael Fiddelke its next CEO as it tries to break sales and stock slump

Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% since 2021.

Forbes · 17h

As Target Names New CEO, Stock Tumbles 10% As DEI Hit And Tariffs Drag On Sales

As Target announces a new CEO, the retailer is reporting declines in revenue and operating income. As shares tumble 10% their DEI pullback & tariffs are dragging on sales

Target, CEO

New York Post on MSN · 12h

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.

Fortune on MSN · 16h

Target stock is down 64% over 4 years—and investors who were ‘hoping for an external CEO’ are disappointed by the choice of its next leader

The news the retail industry has been anticipating for months was finally announced on Wednesday: Target CEO Brian Cornell is finally stepping down after 11 years at the helm and will be replaced by his operations chief Michael Fiddelke in February.

Barron's on MSN · 18h

Target Stock Tumbles. Why a CEO Change Is Overshadowing an Earnings Beat.

Target also reiterated fiscal-year guidance. It continues to expect a low-single digit decline in sales, while adjusted earnings per share will range from $7 to $9. Consensus estimates call for a roughly 1.5% drop in sales and adjusted earnings of $7.28 a share.

Target CEO Brian Cornell to step down

CBS News · 19h

Target CEO Brian Cornell stepping down in February

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.

CNN on MSN · 12h

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 its retreat on DEI.

Fox Business on MSN · 20h

Target CEO Brian Cornell steps down after 10 years as retailer fights to reverse sliding sales

Michael Fiddelke, Target's current chief operating officer, will replace CEO Brian Cornell on February 1 as the retailer works on its turnaround strategy.

Money Morning17h

Target Crashes 10% — Here’s Where Shares Head Next

Target shares are down 10% on Wednesday morning after the company reported Q2 results and operational updates. The stock had ...

19h

Target Stock Heads for Worst Session Since 'Liberation Day' Selloff

Shares in Target sank after the retailer reported its 11th straight quarter of flat or falling sales, and said Chief ...

13h

Target beat low earnings expectations as shares drop

Target continues to miss the mark on earnings day. The results on Wednesday morning aren't as shockingly bad as the first ...

Should You Buy the Post-Earnings Dip in Target Stock?

Target stock tanks as the retail behemoth offers muted full-year guidance and names an insider its next chief executive. UBS analyst says TGT shares lack a near-term catalyst.

14h

Target Just Named Its New CEO. Here’s What It Means for the Retail Giant

Shares for the Minneapolis-headquartered company dropped more than 10 percent after Target made the announcement.

11h

Target: An Ultra-Cheap Stock, But Demand Destruction Is Real

Explore Target Corporation's financial health and strategy: strong credit quality, CEO transition in 2026, and an attractive ...

Target stock tanks 10% on Wednesday: here’s why analysts are cautious

Target stock plunges 10% as the company names new CEO, forecast repeated, and investors doubt retail turnaround.

10hon MSN

'Fast Money' traders discuss Target's stock drop and CEO shake-up

The 'Fast Money' traders discuss Target's stock drop and CEO shake-up. Military MRAP t-bones car in DC amid Trump's national ...

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