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Target Grapples With Identity Questions Under New CEO
Fiddelke Tells Staff Retailer Must Clarify Its Identity and Reconnect With Shoppers
Bloomberg News
Target Corp.鈥檚 new CEO, Michael Fiddelke, acknowledged in his first town hall that the big-box retailer has lost trust with shoppers and employees and pledged to rebuild that connection. 听
鈥淲e weren鈥檛 clear enough about who we are as a company,鈥 Fiddelke told staff Feb. 4, according to a recording viewed by Bloomberg News. 鈥淲hen we aren鈥檛 clear enough, that confuses people. We didn鈥檛 do enough to correct that confusion in the moment.鈥澨
Fiddelke is taking over as Target looks to address problems ranging from a lengthy sales slump to an abrupt听as President Donald Trump took office last year. The latter alienated some consumers and听.听
Target鈥檚 unclear position has hurt the company鈥檚 standing with consumers 鈥 especially Black shoppers 鈥 as well as staffers, Fiddelke said at the town hall. Last year was difficult, he said, adding that work is underway to reconnect with the customers Target has lost.听
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Fiddelke, a Target veteran who started as an intern, took over as CEO on Feb. 1. He has pledged to improve the company鈥檚 merchandise and in-store experiences while using technology more effectively to run the business. The company has lost market share to competitors like Walmart Inc. and Costco Wholesale Corp. The shares slumped 28% last year, while the S&P 500 Index rose 16%.听
Walmart ranks No. 1 and Costco No. 53 on the Transport Topics Top 100 list of the largest private carriers in North America.
A Target spokesman said the company is moving with urgency and focus to accelerate its growth, and 鈥渋s already seeing the progress.鈥澨
Immigration Tensions
A sweeping federal immigration crackdown, which has sparked a wave of protests in the company鈥檚 home city of Minneapolis, has been a focal point in recent weeks. The death of two people at the hands of federal agents has caused protests to swell across the country while sparking deeper questions about companies鈥 interactions with the government.听
RELATED: States Deepened ICE Ties in 2025 as Trucking Rules Tightened
Target has told employees that it doesn鈥檛 cooperate with any immigration enforcement agencies. Like most major corporations, it hasn鈥檛 weighed in on the enforcement operations. The company signed听听urging an immediate 鈥渄e-escalation of tensions鈥 between state, local and federal authorities.听
Target and more than 60 other local companies signed a letter released by the Minnesota Chamber of Commerce over the weekend. Read it below. 鈥 Target News (@TargetNews)
In response to a question on why Target hasn鈥檛 spoken on the topic more forcefully, Fiddelke said the company is prioritizing the safety of employees and that means being 鈥渃areful鈥 that it doesn鈥檛 inadvertently escalate tensions. The company is looking for the 鈥渕ost effective and constructive鈥 means to address the issue, such as engaging with elected officials and taking steps to support its staff, according to Fiddelke.
RELATED: SBA Says Green Card Holders Will Be Ineligible for Loans听
Some store workers have听听at Target locations in the Twin Cities area, Bloomberg has reported. Others have shared concerns and frustrations about the company鈥檚 lack of a strong stance on internal Slack channels as well as circulating letters to Target鈥檚 ethics and leadership teams.听
External organizations have also called on the company to speak out against federal immigration enforcement. The American Federation of Teachers, which represents 1.8 million teachers, nurses and public employees, called on Fiddelke to urge ICE agents out of Minnesota and requested an in-person meeting. Local activists have staged sit-ins at Target stores and headquarters in recent days. Protests have spread to other cities including Chicago.
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