Target names new CEO as retailer fights to reverse sales slump
1. Target's CEO Brian Cornell steps down next year after ten years. 2. Michael Fiddelke is appointed as new CEO, effective February 2026. 3. Target's recent sales dipped 1% amid challenging market conditions. 4. Enterprise Acceleration Office initiative aims for quicker adaptability and growth. 5. Target expects a low-single digit sales decline for fiscal 2025.