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Posted on 08/25/2025 11:35:57 AM PDT by Red Badger
Whelp maybe those DEI rollbacks weren’t a great idea. Target has officially announced a major leadership shake-up, confirming that CEO Brian Cornell will step down from his position and transition into the role of executive chair of the Board of Directors. His successor will be the company’s current chief operating officer, Michael Fiddelke, who will take over as chief executive by February 2026.
The decision was revealed in a company statement on Wednesday, August 20, with the Board of Directors unanimously backing Fiddelke. Before becoming COO, he served as chief financial officer and is seen by the Board as the right leader to guide Target through turbulent times and steer it back toward growth.
In his first comments about the new role, Fiddelke expressed gratitude while also recognizing the challenges ahead. “It is truly an honor to be named Target’s next chief executive officer […] I am eager to refocus our strategy and build on the assets and capabilities that have made Target a beloved destination for incredible products and a one-of-a-kind shopping experience. And to be clear, we have work to do to reach our full potential. Now’s the time to take full advantage of our strengths, embrace change with pace and purpose, and regain our momentum.”
This leadership change comes at a moment when Target is dealing with both economic pressures and public criticism. The retail giant continues to face boycotts following its decision to scale back diversity, equity, and inclusion efforts. Sales dropped significantly in the first quarter of 2025, a decline Target attributes to tariffs and wider economic struggles.
The company also faced backlash in 2024 after reducing its LGBTQ+ Pride collection, a move that fueled debate across its customer base. Addressing the wave of criticism, Fiddelke told Bloomberg, “There are no shortage of critics out there today. The way to prove those critics wrong is with action that leads to results.”
As Target prepares for this leadership transition, all eyes are on Fiddelke to see whether he can deliver the turnaround that both Wall Street and everyday shoppers are waiting for.
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Blame the Government. At least in NY State anyway, anyone selling restricted items (in particular alcohol) must verify to the State that they are asking for proof of age and have a system and employee training in place to do so.
They asked, I gave them one, the system works.
Some retailers tie themselves to a identity not the mechandise. The popularity of those identities goes up and down. Some identities have small followings. Some weak followings. Others are large, and/or strong.
The anti-Gun crowd tried to tie Kroger Supermarkets to the pro-gun crowd. I immediately saw in Atlanta that blatant “conceal” carry became rampant at Kroger. Kroger management took neither side. Winner: Kroger.
Other places are able to transition from one image to another. But some places are unable to transition. Times change and they are not able to change with the times.
From movie “The Jerk”: “So, it’s a profit motive” !
The retail giant continues to face boycotts following its decision to scale back diversity, equity, and inclusion efforts.
SLOW SUICIDE
“There are no shortage of critics out there today. The way to prove those critics wrong is with action that leads to results.”
It’s a shame. I really liked Target 15+ years ago. Shopped there on a regular basis for most of my household supplies.
When they went “gay” I swore off them.
By the women.
Target never banned the Salvation Army specifically. They don’t allow solicitation of any kind.
Speak it, a12.
This is Sparta!
Just add holes about the target, and the business model is exposed.
When a store asks me for proof of age I just point to my bald head.
It gets everybody around (including the cashier) cracking up....
***************************************************
Still have mine. Just about pure white. Pull off the hat and point - get snickers all around....
Yep
Absolutely
Reading this article about a “change” in management sounds more like changing deck chairs on the Titanic.
Not sure the best way to handle the gay and dei stuff as a big brand CEO in 2025
Many have gone woke and done better. You just cherry pick
Thanks n00b
Welcome to Free Republic
I guess time will tell... LOL 🤣
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