Target names COO Michael Fiddelke
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“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.
Target faces headwinds, including sliding sales and a declining stock price. Incoming CEO Fiddelke said he aims to invest in technology and create more consistency for shoppers.
Companies like Nike and Target are helmed by veterans who got their start at the companies decades ago.
Target announced Wednesday that CEO Brian Cornell is stepping down after serving 11 years in the role — following a
Target has been cutting costs to cope with tariffs, a sign of the tough conditions its next chief will have to navigate.
Michael Fiddelke joined Target as an intern while studying for an MBA. He's since worked in merchandising, finance, operations, and human resources.