As Walmart Thrives, Target's New CEO Faces Challenge Amidst Three-Year Decline
- Target's Q3 net income fell 19% amid 12-quarter sales decline, citing weak demand, markdowns, and external disruptions like government shutdowns. - New CEO Fiddelke announced a $5B 2026 investment plan to modernize stores, improve product variety, and cut 1,800 corporate jobs as part of turnaround efforts. - Walmart's 4% Q3 sales growth and 12.6% 2025 stock gain contrast with Target's 35% stock drop, highlighting grocery dominance and e-commerce advantages. - Analysts question Target's ability to retain
Target Corp. (TGT) posted a 19% drop in net earnings for its third quarter, highlighting continued difficulties in overcoming a sales decline that has lasted for 12 straight quarters. The retailer, which
Michael Fiddelke, who will take over as CEO in February,
Fiddelke admitted there is significant pressure to reshape Target’s brand in a fiercely competitive market. "Shoppers want great value, but what truly sets
With the holiday shopping season approaching, Target is under increased scrutiny. Although it has
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