MINNEAPOLIS — The new Target CEO believes adding new, buzzy brands can win back shoppers after a brutal few years. Target’s sales have stagnated and its stock has dropped nearly 30% over the last three years. Target’s sales at stores open for at least one year dropped 2.5% during its latest quarter, the company said Tuesday. Some investors hoped Target would choose an outsider to turn around the company, but it opted for a Target lifer. Bill George, a fellow at Harvard Business School and former Target board member, said Fiddelke “knows the company inside and out.

Source: CNN March 03, 2026 18:54 UTC