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

Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% since 2021.

Prior to being named chief operating officer in January 2024, Fiddelke was Target's chief financial officer. In addition to assuming the role of CEO, Fiddelke will join Target's b