Target beat Wall Street’s earnings and sales expectations and reaffirmed its outlook on Wednesday, even as the company’s sales and traffic across its stores and website declined.
Yet the Minneapolis-based retailer pointed toward the future – and its focus on getting back to growth – by naming its next CEO. Chief Operating Officer Michael Fiddelke, who has also served as Target’s CFO, will step into the role on Feb. 1. He will succeed CEO Brian Cornell, 66, who will become executive chair of Target’s board of directors. Fiddelke is a 20-year Target veteran.
The “new” CEO was involved in every disastrous decision Target made over the past 3 years and the old CEO failed up to an ever better role AT TARGET. Their loyal base is long gone but shareholders should be pissed!
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Target beat Wall Street’s earnings and sales expectations and reaffirmed its outlook on Wednesday, even as the company’s sales and traffic across its stores and website declined.
Yet the Minneapolis-based retailer pointed toward the future – and its focus on getting back to growth – by naming its next CEO. Chief Operating Officer Michael Fiddelke, who has also served as Target’s CFO, will step into the role on Feb. 1. He will succeed CEO Brian Cornell, 66, who will become executive chair of Target’s board of directors. Fiddelke is a 20-year Target veteran.
More details: [https://cnb.cx/45IHcMu](https://cnb.cx/45IHcMu)
Lmao 🤣
The “new” CEO was involved in every disastrous decision Target made over the past 3 years and the old CEO failed up to an ever better role AT TARGET. Their loyal base is long gone but shareholders should be pissed!