Target's New CEO: Fiddelke's Plan for Holiday Success
Update: 2025-11-19
Description
Targets upcoming earnings report and leadership change: Target is set to release its earnings report this Wednesday, with analysts expecting earnings per share of $1.72 and revenue of $25.32 billion for the fiscal third quarter. The big-box retailer is facing stagnant sales, increased competition, and a perceived weakening in its unique merchandise and customer service. Michael Fiddelke, the current COO, will become CEO in February, aiming to restore Targets reputation, improve customer experience, and use technology more effectively. Target has also announced a new initiative, the ten-four program, and is cutting 1,800 corporate jobs. Meanwhile, rival Walmart also announced a new CEO, John Furner, who will take over on the same day as Fiddelke at Target.
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