As Target announces a new CEO, the retailer is reporting declines in revenue and operating income. As shares tumble 10% their DEI pullback & tariffs are dragging on sales

Target also reiterated fiscal-year guidance. It continues to expect a low-single digit decline in sales, while adjusted earnings per share will range from $7 to $9. Consensus estimates call for a roughly 1.5% drop in sales and adjusted earnings of $7.28 a share.

Target (NYSE: TGT) has named insider Michael Fiddelke its next chief executive (CEO). Fiddelke has been with the retail behemoth for more than 20 years and will replace Brian Cornell on Feb 1. But the announcement didn’t sit well with investors as evidenced in a 6.