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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.

Barron's on MSN · 1d

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

Target stock (TGT) tumbled after the retailer said CEO Brian Cornell is stepping down and Chief Operating Officer Michael Fiddelke will succeed him in February.

Chicago Tribune · 1d

Wall Street drifts in premarket trading while Target tumbles on sluggish sales and a CEO change

Wall Street continues to drift Wednesday while news of a leadership change at Target took some of the spotlight away from the latest batch of corporate earnings reports.

Target names COO Michael Fiddelke

Fast Company on MSN · 1d

TGT stock price: Why are Target shares dropping—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 · 1d

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 · 1d

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 Brian Cornell steps down

TwinCities.com · 1d

Target insider Michael Fiddelke named CEO

The Minneapolis-based retailer said Wednesday that Chief Operating Officer Michael Fiddelke, who has been with Target for 20 years, will become CEO Feb. 1.

Yahoo · 4h

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.

Milwaukee Journal Sentinel · 1d

Target CEO Brian Cornell steps down after 10 years, new CEO named

Target's board of directors has appointed a new chief executive officer to lead the retail giant, the company announced Aug. 20. Michael Fiddelke, Target's current chief operating officer, will succeed Brian Cornell as chief executive officer,

16h

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.

Target Stock Suffers 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 ...

6hon MSN

Target might be having an ‘identity crisis,’ but some analysts are still standing by the stock

A redoubled focus on style “may not be enough in a retail landscape where convenience, selection and speed have rapidly ...

15h

Target stock wants its new CEO to deliver on these three imperatives

Target (NYSE: TGT) has named insider Michael Fiddelke its next chief executive (CEO). Fiddelke has been with the retail behemoth for more than 20 years and will replace Brian Cornell on Feb 1. But the ...

7hon MSN

Target’s in a brand identity crisis. It’s not alone

Now, investors have another wrinkle to consider. On Wednesday, Target replaced its CEO of 11 years, Brian Cornell — a shakeup that was widely expected and likely overdue. Taking his place to steer the ...