Overview
- Michael Fiddelke began his tenure by publishing a memo outlining four priorities: merchandising leadership, a stronger guest experience, faster technology, and support for teams and communities.
- Target is signaling a turnaround push with roughly a 25% increase in capital spending to about $5 billion and store tests such as a fashion- and beauty-forward SoHo concept.
- Protests continue at Twin Cities stores and at headquarters over federal immigration operations, with activists urging Target to denounce ICE actions linked to two recent fatal shootings.
- AFT President Randi Weingarten pressed Fiddelke to take a clear public stand, noting pension funds for AFT members hold about 6.8 million Target shares.
- Fiddelke joined more than 60 Minnesota business leaders calling for an immediate de-escalation without naming ICE and told employees recent violence in Minneapolis is "incredibly painful" as the retailer works through a sales slump and intensified competition.