Target Plunges On Leadership Overhaul Amid Struggling Turnaround Target shares plunged as much as 11% in premarket trading after the retailer announced longtime CEO Brian Cornell will be replaced by CFO Michael Fiddelke. The abrupt leadership change, expected in 1Q26, comes as the company’s turnaround plan has failed to gain traction. Target also reported second-quarter results showing continued sales declines, weaker traffic, and guidance that points to persistent softness through year-end. Target’s board has unanimously elected Fiddelke, currently CFO, as its next CEO, effective February. He will also join the board of directors. Cornell, who has led the retailer since 2014, will shift positions to executive… — Continue at ZeroHedge News : Read More
