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Baitball Blogger

(51,639 posts)
Wed Aug 20, 2025, 08:47 AM Aug 2025

Another Trump casualty. Target CEO is stepping down.

Last paragraph suggests that they still don't see the problem.

Target picks an insider to lead the struggling company when CEO Brian Cornell steps down next year

NEW YORK (AP) — Target is counting on a company veteran to revive its magic as it struggles to compete with rivals like Walmart.

The Minneapolis-based retailer said Wednesday that Chief Operating Officer Michael Fiddelke, who has been with Target for 20 years, will become CEO Feb. 1.

He succeeds Brian Cornell, who helped reenergize the company when he took the helm in 2014 but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic.

snip

He said he’s stepping into the role with three urgent priorities: reclaiming the company’s merchandising authority; improving the shopping experience by making sure shelves are consistently stocked and stores are clean; and investing in technology at the company’s stores and in its supply network.


https://apnews.com/article/target-ceo-brian-cornell-succession-dei-1d87a977b4869d4bace9ff85e6da427d

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newdeal2

(4,701 posts)
1. Go MAGA, go broke
Wed Aug 20, 2025, 08:51 AM
Aug 2025

Expensive lesson to learn. Well, I'm not sure they’ve learned anything so far actually.

EYESORE 9001

(29,424 posts)
2. I don't go there, personally
Wed Aug 20, 2025, 09:12 AM
Aug 2025

but I’m sure gonna try to discourage others from supporting capitulation.

EYESORE 9001

(29,424 posts)
6. Still pissed about their earlier removal of LGBTQ+ merchandise
Wed Aug 20, 2025, 09:23 AM
Aug 2025

and other issues going back further.

Bernardo de La Paz

(60,320 posts)
3. Your headline, not the article's. That's fine, except that nothing in the article supports your opinion
Wed Aug 20, 2025, 09:15 AM
Aug 2025

Three years ago, Target extended Cornell's contract by three years and to accommodate that it dropped the age 65 retirement policy they had. That time is up, so this is definitely not unexpected when there are business and economic issues (under-performance) that have nothing to do with tRump.

Cornell becomes executive chairman of the board, so it is not as if he is being ditched.

Planned retirement, moving up not out, replaced by someone who worked for him. Nope, not "another Trump casualty".

Baitball Blogger

(51,639 posts)
5. So, you're saying that losing market share from consumers who refuse to buy from them,
Wed Aug 20, 2025, 09:22 AM
Aug 2025

didn't have an effect at all?

Here are the facts: They lost consumers during Covid. They needed to, not just get them back, but also attract more. But instead of changing their merchandise to bring in more ethnic customers, they intentionally pushed them away with the anti-DEI move that even angered their stockholders.

And, it's not just ethnic people who are not shopping there, but white people who have a conscience.

It's the lack of growth with customers that is going to end them.

If nothing else, Target shows what a department store of this size can expect if they only try to sell merchandise to white customers.

Baitball Blogger

(51,639 posts)
10. Not sure what you're so huffy about.
Wed Aug 20, 2025, 09:34 AM
Aug 2025

I disagree with your position and I explained why. Target is turning a blind eye to the real problem. They're losing customers, and they'll lose more now that they're not showing any interest in offering merchandise that will attract them.

You tried to negate that assumption by going off on a tangent. Saying no, it's not this, but that.

So, you ignored the real problem, in my estimation. Customers. The only reason why Walmart is doing better is because they offer the cheapest products for the lowest prices. If Target tries to follow that example, they'll lose their bread and butter base, in my opinion. The way I see it, their base is now the suburban mom. If they want to raise prices, they need to change their merchandise.

Bengus81

(9,759 posts)
11. I think that massive data breech in 2013 still hurts them today. Their IT guys KNEW
Wed Aug 20, 2025, 09:43 AM
Aug 2025

someone/some group were messing around trying to get it and did NOTHING to stop it. I think they ended up having 20+ Million CC data stolen by hackers.

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