Target Names New CEO, Hertz Partners with Amazon & Claire's Saves 950 Stores
Update: 2025-08-21
Description
Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl.
In today's Retail Daily Minute:
- Target names 20-year company veteran Michael Fiddelke as next CEO, succeeding Brian Cornell despite investor preference for outside leadership as the retailer battles ongoing sales struggles.
- Hertz Car Sales launches on Amazon Autos as the platform's first fleet dealer, bringing thousands of pre-owned vehicles to Amazon's marketplace with initial rollout in four major markets.
- Claire's strikes a $140 million private equity deal with Ames Watson, pausing liquidation plans and saving up to 950 stores after the bankrupt tween retailer struggled for months to find a buyer.
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Be careful out there!
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