Fiddelke, an Iowa native and University of Iowa graduate, has been with Target since 2003, starting as an intern. Investors reacted negatively to the appointment, causing Target's shares to drop over 6%. An Iowa native and University of Iowa graduate will be the new top executive of Target, one of the nation's largest retail chains.

As CEO, Michael Fiddelke wants to 'reclaim' Target's merchandising authority originally appeared on Bring Me The News. Target Corp. is doubling down on merchandising as it looks to overcome recent challenges, including weak sales, market share losses ...

Target faces headwinds, including sliding sales and a declining stock price. Incoming CEO Fiddelke said he aims to invest in technology and create more consistency for shoppers.

The board of directors chose Chief Operating Officer Michael Fiddelke, a 20-year Target veteran, to succeed him. Target, which has about 1,980 U.S. stores, has struggled to find its footing since inflation caused pinched shoppers to curtail their ...

Target has been cutting costs to cope with tariffs, a sign of the tough conditions its next chief will have to navigate.