Target, meanwhile, tumbled 6.3%. The struggling retailer said that CEO Brian Cornell plans to step down Feb. 1 and that an insider, 20-year veteran Michael Fiddelke, will replace him. He helped ...

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 ...

Target is counting on a company veteran to revive its magic as it struggles to compete with rivals like Walmart.

Michael Fiddelke, the company’s chief operating officer, will take over as chief executive in February as Brian Cornell ...

Target CEO Brian Cornell is stepping down after 11 years amid struggles at one of America’s most prominent retail chains.

After 11 years in the role, Cornell will leave his post at the beginning of next year, per CNN, CNBC and AP. He will be ...