business
update
informative

Target's new CEO faces sales crisis and community unrest

Feb 2, 2026, 12:12 PM10
(Update: Feb 2, 2026, 12:12 PM)
commune in Allier, France
Chairman and CEO of the Target Corporation

Target's new CEO faces sales crisis and community unrest

  • Target's new CEO, Michael Fiddelke, took office amid declining sales.
  • The company faces unrest in Minneapolis due to federal immigration actions.
  • Fiddelke aims to revitalize Target by enhancing merchandising and technology.
Share your opinion
1

Story

In the United States, Target Corporation has appointed Michael Fiddelke as its new CEO following a tumultuous period marked by declining sales and unrest in Minneapolis, where the company is headquartered. Fiddelke, a 20-year veteran of Target, succeeded Brian Cornell, who led the company for more than a decade but faced significant challenges in recent years. The announcement of Fiddelke's promotion occurred in August 2023, as Target's board aimed to reinvigorate the retailer during its critical time. Under Cornell's leadership, Target experienced back-to-back quarterly sales declines, ultimately prompting the board to look for new leadership to emerge from this crisis. In November 2023, Target reported third-quarter sales of $25.3 billion, a decline of 1.5% from the previous year. Additionally, sales at established locations fell by 2.7%, although online sales did see a slight uptick, serving as a partial counterbalance to the in-store losses. The company’s struggles come against a backdrop of heightened protests and community unrest, especially relating to federal immigration operations and shootings by federal agents in the area. Fiddelke, in his first memo to employees, outlined his priorities for turning the company around, emphasizing the need to enhance merchandise choices, improve the shopping experience both in-store and online, and leverage technology to create a more personalized environment for customers. He underscored his urgency in generating growth, declaring that the improvements planned would be prioritized from the outset. The ongoing protests in Minneapolis, especially against federal agents enforcing immigration laws, have had a striking effect on the local communities and businesses, including Target. These protests have intensified following incidents of violence involving federal agents and community members, raising public safety concerns and impacting shopper sentiments. With these social tensions simultaneously occurring alongside Target's sales struggles, Fiddelke's new leadership will need to navigate both the economic hurdles and the unrest, strengthen community relations, and restore consumer confidence.

2026 All rights reserved