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News in English (USA) / 21.08.2025 / 03:00

Target CEO Steps Down as Company Struggles with Sales and Leadership Change

Target Corporation is facing significant challenges as CEO Brian Cornell announces his resignation amid declining sales and a boycott affecting customer foot traffic. The company has appointed Michael Fiddelke, a longtime insider who started as an intern 20 years ago, as the new CEO. While Target managed to beat low earnings expectations, its stock has tumbled significantly as investors express disappointment over the leadership transition. Responses from analysts highlight the uphill task Fiddelke faces in restoring investor confidence and reviving sales as the retailer tries to navigate through its troubled financial landscape.
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