Target’s leadership continues to evolve under CEO Micael Fiddelke’s turnaround strategy, which includes a focus on regaining merchandising authority in the market.

Target announced plans to eliminate about 1,800 corporate positions in a move that will reduce the retail chain's global workforce by about 8%. Incoming CEO Michael Fiddelke announced the move in an email to employees Thursday, saying that it's part of ...

Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base. About 1,000 employees are expected to receive ...

Target is a household name in the U.S. For decades, it’s been among the top retailers in the nation, and millions of Americans recognize the company’s iconic logo—a red bullseye target. Target’s sales exceed $100 billion in revenue annually, and it ...

Target appointed internal veteran Michael Fiddelke as CEO, replacing Brian Cornell in 2026. Cornell will remain executive chair, drawing criticism. Experts argue Target's declining performance needs an external "change agent" with fresh perspective, not an ...

Target is eliminating approximately 1,800 corporate positions, laying off 1,000 employees and not filling about 800 vacant positions. The Minneapolis-based retailer has been experiencing a long period of declining sales and has lost some of the cache it ...