Target Corporation's stock dip is more about politics than performance. Explore the potential opportunity under new leadership. Click for more on TGT earnings.

Target CEO Brian Cornell to step down, COO announced as replacement originally appeared on Bring Me The News. Target CEO Brian Cornell will step down from his role in February, with longtime employee Michael Fiddelke tapped to replace him.

Target Corporation (NYSE:TGT) shares are trading lower in the premarket session on Wednesday. The company reported second-quarter adjusted earnings per share of $2.05, beating the analyst consensus estimate of $2.

El director general de Target, Brian Cornell, quien ayudó a revitalizar la compañía pero ha tenido dificultades para revertir las

Shares of Nasdaq listed Target Corporation plunged 11% in opening trade hitting a low of $94.15 after the company said that its board has unanimously elected Chief Operating Officer Michael Fiddelke to succeed Brian Cornell as Chief Executive Officer and become a member of its Board of Directors.

Michael Fiddelke is scheduled to become the next chief executive officer of Target Corp. on Feb. 1, 2026. He is currently chief operating officer of the retailer and will succeed Brian Cornell, who will transition to executive chair of the board of directors.

Target Corporation ( NYSE: TGT) Q2 2025 Earnings Conference Call August 20, 2025 8:00 AM ET Brian C. Cornell - Chairman of the Board & CEO James Lee - Executive VP & CFO John Hulbert - Vice President of Investor Relations Michael J. Fiddelke - Executive VP & COO Richard H. Gomez - Executive VP & Chief Commercial Officer

Target Corporation shares fell over 10% premarket on Wednesday after the retailer its new CEO while also reporting second quarter earnings that narrowly beat estimates but showed continuing sales challenges.