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Business Insider
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The next Target CEO knows the retailer needs to do better. Here's his 3-part plan to get it back on track.

1. Michael Fiddelke becomes Target's new CEO in February. 2. Target has struggled with declining sales for six of nine quarters. 3. Fiddelke outlines a three-part strategy focusing on design and customer experience. 4. Technology investments are prioritized to improve operational efficiency. 5. Identified challenges include legacy tech and unclear accountabilities.

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FAQ

Why Bullish?

Fiddelke’s leadership change and strategic initiatives may enhance growth potential, similar to prior management overhauls that resulted in stock gains.

How important is it?

Leadership transitions often influence investor perception and stock performance, particularly with growth-focused strategies.

Why Short Term?

Immediate actions will follow shortly with effects likely observable within the year as new strategies are implemented.

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