Home » After a poor second quarter, Target is reshuffling the deck: new C.E.O., new priorities to get back on track After a poor second quarter, Target is reshuffling the deck: new C.E.O., new priorities to get back on track The U.S. grocery retailer Target is embarking on a strategic shift after a difficult first semester. With 19.6% of online sales and three-quarters from non-food products, the US's third-largest grocer is changing governance. For new C.E.O. Michael Fiddelke, monetising digital activities and reviving core business categories are at the top of the priority list. Through Sophie Baqué. Published on 01 September 2025 à 9h23 - Update on 01 September 2025 à 10h31 Resources On August 20, 2025, Target (H1 2025 revenue: US$49.06 billion, down 2.8% on a comparable basis) appointed Michael Fiddelke, the current Chief Operating Officer, as the new C.E.O. from February 1, 2026. He has been with the group for 20 years. He succeeds Brian Cornell, who has held the position for 11 years and will become Executive Chairman.… Sophie Baqué Digital and omnichannelfinancial resultsmarketplacemonetizationretail mediaRetailer and e-commerceTarget Read more Carrefour and Cooperative U form European buying alliance and eye retail media deal With Scandit, Walmart aims to take in-store assistance to the next level data [Food Retail Barometer 2024] The financial health of the world's 10 largest food retailers in 7 charts With stablecoins, Walmart, Amazon, and Shopify want to break free from traditional banking channels B2B: Albertsons launches e-commerce platform for trade professionals
