"This week marks my first as CEO, and I want to start by saying thank you. I began my career at Target more than two decades ago. I've grown here, learned here and worked alongside teams and partners who care deeply about our guests. Stepping into this role is both humbling and deeply personal. And while we have real work to do, we are clear on who we are, our unique place in retail and in the hearts of our guests."
"Our guests want great design, real value and experiences that delight. That's where Target has always been at its best, and it's what grounds the important work in front of us now. As we move forward, our strategy is focused on four priorities: Leading with merchandising authority by curating with conviction - bringing together design, style and value in a way only Target can."
Michael Fiddelke became Target CEO after rising from an intern in 2003 to chief operating officer, replacing Brian Cornell. He outlined four strategic priorities focused on merchandising authority, elevating guest experience, investing in team growth, and operational execution. He emphasized Target's strengths in design, style, value and delivering delightful experiences, urging curation with conviction. Target faces a challenging backdrop, including about a 25% decline in stock over the past year and employee backlash related to the company's response to violence by immigration officers in Minneapolis. The priorities aim to restore performance and reinforce guest loyalty.
Read at Business Insider
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