Target's New CEO Faces Uphill Battle

Targets new CEO, Michael Fiddelke, faces a daunting task reviving the retail giants reputation for affordable style amid a challenging economy. With consumers tightening their belts and tariffs impacting costs, Targets stock has plummeted. Fiddelke, a long-time Target veteran, plans to increase capital spending and cut prices on essential items to attract customers. However, analysts remain skeptical, with many rating Targets stock as Neutral or Sell.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.