Target Corporation (TGT)
Target CEO Brian Cornell Will Step Down As Sales Continue To Fall
This is a developing story and will be updated.
Target names new CEO as retailer fights to reverse sales slump
Michael Fiddelke, Target's current chief operating officer, will replace CEO Brian Cornell on Feb. 1 as the retailer works on its turnaround strategy.
Target reveals CEO succession plan as earnings just beat Street forecasts
Target Corp (NYSE:TGT) shares were set to drop on Wednesday as the retailer announced a change of CEO and reported earnings that narrowly beat expectations. The S&P 500 company said chief operating officer Michael Fiddelke will succeed Brian Cornell as chief executive from next February, after over a decade in the role.
Target CEO Brian Cornell is stepping down. His replacement is a company insider who joined as an intern.
Target has named Michael Fiddelke as its new CEO, replacing Brian Cornell. Cornell will stand down to become executive chair in February, the company announced Wednesday.
Target is facing a traffic issue, says SW Retail's Stacey Widlitz
Stacey Widlitz, SW Retail Advisors president, joins 'Squawk Box' to break down Target's quarterly earnings results.
Target CEO Brian Cornell steps down after 10 years as retailer fights to reverse sliding sales
The board unanimously elected COO Michael Fiddelke to succeed Cornell starting February 1.
Target names new CEO as retailer fights to reverse sales slump
Michael Fiddelke, Target's current chief operating officer, will replace CEO Brian Cornell on February 1 as the retailer works on its turnaround strategy.
Target Bets a Lifelong Employee Can Steer Its Turnaround
Chief Operating Officer Michael Fiddelke, who will take the top job in February, said the retailer needs to revive its focus on stylish merchandise.
Target names longtime insider Michael Fiddelke its next CEO as retailer tries to break sales and stock slump
Target has named Michael Fiddelke, its current chief operating officer, as its next CEO. Fiddelke will succeed Brian Cornell on Feb. 1.
Target 2Q Sales Drop; New CEO to Take Over in February
Target's struggles continued in its recent quarter, but the retailer said its results "showed encouraging signs of recovery."
Target will report earnings before the bell. Here's what to expect
Target will report earnings before the bell on Wednesday. The discounter's annual sales have been stagnant for roughly four years and it forecast a sales decline for this fiscal year.
Target: A Long-Shot Bet
Target's recent Q2 report was disastrous, leading to a sharp decline in the stock. Despite the negative results, there is a basic bullish scenario for Target at long odds. Investing in Target now is a long-shot bet, similar to betting against the house.
