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Target · United StatesTarget named insider Michael Fiddelke on Wednesday as its new CEO to succeed long-time top boss Brian Cornell, and beat quarterly estimates, helped by a recovery in traffic at its stores and average receipts. However, the company's shares fell 10% in premarket trading after it held on to its annual forecasts after lowering them in May when it blamed weak demand for the largely discretionary merchandise it sells like apparel and electronics items.See the Story
Target names longtime insider Michael Fiddelke its next CEO as retailer tries to break sales and stock slump
62% Center coverage: 89 sources
BusinessNEW YORK (AP) — Target named an insider as its next chief executive officer Wednesday, a decision that comes as the discount retailer tries to reverse a persistent sales malaise and to revive its reputation as the place to go for affordable but stylish products.See the Story
Major Retail Chain’s CEO Stepping Down Amid Company Struggles
73% Center coverage: 11 sources
