« previous next »
Pages: [1]   Go Down

Author Topic: Target CEO to step down amid company struggles  (Read 212 times)

0 Members and 1 Guest are viewing this topic.

Online mountaineer

  • Hero Member
  • *****
  • Posts: 63,409
Target CEO to step down amid company struggles
« on: August 21, 2025, 08:26:00 am »
Go woke, go broke?
Quote
Target CEO to step down amid company struggles
By  ANNE D’INNOCENZIO
Updated 2:39 PM EDT, August 20, 2025
Associated Press

NEW 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.

Minneapolis-based Target said CEO Brian Cornell, who has led the company for 11 years, would step down on Feb. 1. The board of directors chose Chief Operating Officer Michael Fiddelke, a 20-year Target veteran, to succeed him.

Target, which has about 1,980 U.S. stores, has struggled to find its footing since inflation caused pinched shoppers to curtail their discretionary spending. Customers have complained of messy stores with merchandise that did not reflect the expensive-looking but budget-priced niche that long ago earned the retailer the jokingly posh nickname “Tarzhay.”

Consumer boycotts since late January, when Target joined rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives, have compounded its predicament.  ...
Logged
"The spirit of Kukluxism will not die out so long as the Democrat party exists to sympathize with that spirit."
-- Gerrit Smith

Online mountaineer

  • Hero Member
  • *****
  • Posts: 63,409
Re: Target CEO to step down amid company struggles
« Reply #1 on: August 21, 2025, 08:27:50 am »
Quote
Target's new CEO faces uphill task to gain investor confidence: Quote Box
Reuters
Wed, August 20, 2025 at 9:42 AM EDT

In this article:
TGT
-6.33%

(Reuters) -Target's appointment of company veteran Michael Fiddelke as CEO did little to enthuse Wall Street analysts as they were pinning their hopes on an outsider to put the struggling retailer back on track.

Shares of Target tumbled nearly 11% on Wednesday after the announcement. Fiddelke replaces Brian Cornell, who is set to retire as CEO later this year after nearly 10 years in the role. ...

Neil Saunders, managing director of research firm GlobalData:

"We have very mixed feelings about this appointment. While we think Fiddelke is talented and has a somewhat different take on things compared to current CEO Brian Cornell, this is an internal appointment that does not necessarily remedy the problems of entrenched group think and the inward-looking mindset that have plagued Target for years."  ...
Reuters via Yahoo Finance
Logged
"The spirit of Kukluxism will not die out so long as the Democrat party exists to sympathize with that spirit."
-- Gerrit Smith

Offline Wingnut

  • The problem with everything is they try and make it better without realizing the old way is fine.
  • Hero Member
  • *****
  • Posts: 22,715
  • Gender: Male
Re: Target CEO to step down amid company struggles
« Reply #2 on: August 21, 2025, 09:15:00 am »
Never ever jump on the liberal cause de jure band wagon.   
Logged
You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.

Offline Timber Rattler

  • Hero Member
  • *****
  • Posts: 4,638
  • Conservative Purist and Patriot
Re: Target CEO to step down amid company struggles
« Reply #3 on: August 21, 2025, 09:19:53 am »
Yeah, embracing wokeness and "pride" is what has damaged Target more than anything.
Logged
aka "nasty degenerate SOB," "worst of the worst at Free Republic," "Garbage Troll," "Neocon Warmonger," "Filthy Piece of Trash," "damn $#%$#@!," "Silly f'er," "POS," "war pig," "neocon scumbag," "insignificant little ankle nipper," "@ss-clown," "neocuck," "termite," "Uniparty Deep stater," "Never Trump sack of dog feces," "avid Bidenista," "filthy Ukrainian," "war whore," "fricking chump," "psychopathic POS," "depraved SOB," "Never Trump Moron," "Lazarus," and "sock puppet."

"In a time of universal deceit - telling the truth is a revolutionary act."  ---George Orwell

Offline rustynail

  • Hero Member
  • *****
  • Posts: 5,183
Re: Target CEO to step down amid company struggles
« Reply #4 on: August 21, 2025, 09:37:13 am »
 Brian missed low and too left.
Logged

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 12,669
  • Gender: Male
Re: Target CEO to step down amid company struggles
« Reply #5 on: August 21, 2025, 09:51:10 am »
Budlight and Target will join New Coke as case studies in marketing courses.

Pissing off your customer base to grow sales on the margins is bad for business.
Logged
"Political correctness is a doctrine fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it’s entirely possible to pick up a turd by the clean end." - Alan Simpson, Frontline Video Interview
Pages: [1]   Go Up
« previous next »