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Target’s stock plunges 7% as new CEO pick disappoints Wall Street: ‘There won’t be change when change is needed’

“The stock price reflects that there won’t be change when change is needed,” Gerald Storch, former vice chairman of Target and ex-CEO of Toys R Us, told The Post. “The sales are negative and they are bleeding market share.” Target did not immediately respond to The Post’s request for comment.

Los Angeles Times · 13h

Target picks insider as CEO to lead turnaround; shares drop

Target Corp. named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.

Chicago Tribune · 13h

Wall Street drifts in premarket trading while Target tumbles on sluggish sales and a CEO change

Wall Street continues to drift Wednesday while news of a leadership change at Target took some of the spotlight away from the latest batch of corporate earnings reports.

Target CEO Brian Cornell to step down

Sun Sentinel · 1h

Target CEO to step down amid company struggles

Target, which has about 1,980 U.S. stores, has been the focus of consumer boycotts since late January, when it joined rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.

Rolling Out · 36m

Target CEO Brian Cornell proves boycotts work

Target announced Wednesday that Brian Cornell will step down as CEO on February 1 2026 after leading the retail giant through 11 years of dramatic highs and crushing lows. The departure comes as Target faces its third consecutive quarter of declining sales and its stock ranks among the worst performers in the S&P 500 this year dropping 10% in premarket trading after the announcement.

CNN on MSN · 5h

Target’s CEO is stepping down as customers turn away

Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.

1don MSN

Target customers may soon flee to Walmart due to alarming change

According to a recent analyst note obtained by MarketWatch, BofA analysts state that because of its high import exposure, ...

19h

Retail Earnings Still on Deck This Week: Target, Lowe’s, Walmart

Several big-box U.S. retailers are reporting second-quarter earnings this week, offering a glimpse into the spending habits ...

Erie News Now9m

The rise and fall of Target's fortunes

But Target has been in a deep slump for years, mostly due to its own strategic missteps. The company has quickly fallen behind rivals like Walmart, Amazon and Costco. Here’s how Target reached new ...

2don MSN

These two charts show Walmart and Target's front-loading strategy

Hot toys such as Squishmallow building sets, Hasbro's Spider-Man action figures and Mattel's Barbie were included in ...

11h

Target stock slumps after retailer names insider Fiddelke to CEO role

Investors panned Target’s choice of insider Michael Fiddelke as CEO on Wednesday, viewing the 20-year company veteran as ...

11h

Why New Target CEO Michael Fiddelke Must Put The Fun In Fundamentals

On his shopping list come Feb. 1, new Target CEO Michael Fiddelke faces a multitude of challenges from making its offer ...

AZ Central19d

Back-to-school season is here. See deals at Walmart, Target, more

Either way, the sales and discounts at major retailers, including Walmart, will continue for a few more weeks. Need a break? Play the USA TODAY Daily Crossword Puzzle. We've compiled a roundup of ...

10hon MSN

Walmart Stock, Not Target, Could Drive Consumer Staples’ Momentum

In 2025, Walmart has been a clear outperformer, up 12%, while Target has slumped 22%. Technicians tend not to believe too ...

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