Core Insights - Target is streamlining its retail model by increasing investment in frontline store employees while cutting approximately 500 office and supply chain jobs [1][2] - The company plans to reduce the number of store districts to allocate more payroll for additional labor and guest experience training [1][5] - Target's new CEO, Michael Fiddelke, aims to lead a turnaround amid declining sales and has announced significant corporate layoffs [6][7] Group 1: Layoff and Job Impact - The layoffs will affect around 100 employees at the store district level and about 400 in the supply chain [2] - The company has communicated the changes to affected team members and will provide support during the transition [2] Group 2: Investment in Employees and Operations - Target is focusing on increasing payroll in stores to enhance labor hours and improve guest experience training for all team members [5] - The starting pay for workers will remain unchanged, although the specific amount of investment in stores has not been disclosed [5] Group 3: Leadership and Strategic Direction - Michael Fiddelke has prioritized improving the merchandise mix and enhancing both physical stores and the online shopping experience [8] - The company plans to leverage technology to streamline operations and personalize customer experiences, emphasizing growth as a top priority [11]

Core Insights - Retail sales data for December showed flat consumer spending, down from a 0.6% increase in November, and missing analysts' expectations of a 0.4% rise [1] Group 1: Company Performance - Target Corp (TGT) shares fell 1.6% to $113.72 after reaching a high not seen since March, with the company announcing the elimination of 500 office and regional distribution roles to enhance store staffing and customer experience; TGT's stock has increased by 24% over the last three months [2] - Walmart Inc (WMT) shares decreased by 1.5% to $127.05, retreating from a record high of $131.79; WMT crossed the $1 trillion market cap earlier this month, with the $126 level acting as a support; the stock has risen by 32.5% in the last nine months [3] Group 2: Market Sentiment - Both TGT and WMT have attractively priced options, with their Schaeffer's Volatility Indexes (SVI) in the low 11th and 12th percentiles of their annual ranges, indicating low volatility expectations from options traders [4]

Core Viewpoint - Target's stock has declined following significant management changes, with a focus on revitalizing its storefront strategy under new CEO Michael Fiddelke [1] Group 1: Management Changes - Michael Fiddelke has been appointed as the new CEO of Target, taking on the challenge of restoring investor confidence and executing a turnaround strategy [1] - Cara Sylvester has been named the chief merchandising officer, indicating a shift in leadership aimed at enhancing product offerings and customer experience [1] Group 2: Market Reaction - The stock drop reflects Wall Street's skepticism regarding the ability of an internal candidate to lead a substantial transformation within the company [1] - Investors are closely monitoring the effectiveness of the new leadership in addressing the company's challenges and improving performance [1]

Target is laying off about 500 employees as its new chief executive, Michael Fiddelke, looks to revamp its shopping experience and reverse declining sales https://t.co/oLVn90Ru5X ...

Leadership Changes - Target has announced executive leadership changes under new CEO Michael Fiddelke to accelerate growth plans [1][8] - Cara Sylvester has been appointed as chief merchandising officer, while Lisa Roath has been named chief operating officer [1][4] - Rick Gomez, the chief commercial officer, will depart, and Jill Sando, chief merchandising officer for apparel and accessories, will retire [4][5] Strategic Focus - The leadership changes are part of a strategy to strengthen merchandising authority and enhance guest experience [7][8] - Fiddelke emphasized the need for aligning talent with key roles to simplify the structure and advance strategy with speed and clarity [8] Workforce Adjustments - Target is laying off approximately 500 employees to address declining sales, consolidating districts to streamline operations [6] - The layoffs will affect about 100 jobs from district offices and 400 from the supply chain, with no impact on store roles [6] Executive Experience - Sylvester's background includes experience in digital, loyalty, and marketing, with a focus on growing revenue and market share [9] - As the singular merchandising chief, Sylvester is expected to enhance Target's capabilities in product development and design [9]

Core Insights - Target Corporation is cutting approximately 500 jobs to reallocate financial resources and enhance the in-store customer experience [1][5] - This marks the second significant wave of layoffs within five months, occurring shortly after the appointment of a new CEO [1][2] Job Cuts Details - The job cuts will primarily affect distribution roles, with around 400 positions eliminated in distribution and 100 at the store district level [3][4] - The layoffs represent about one-tenth of 1% of Target's total workforce of approximately 440,000 employees [4] Reasons for Job Cuts - The reorganization of geographic districts is a key factor in the layoffs, allowing for financial savings that will be reinvested into in-store staffing [5] - The company aims to address customer complaints regarding longer checkout lines and store disarray, which have been linked to lower staffing levels [6]

Target on Tuesday named long-time executive Lisa Roath as its operating chief in a boardroom reshuffle under new CEO Michael Fiddelke, as the U.S. retailer focuses on a sales revival. ...

Core Insights - Target is undergoing significant leadership changes under new CEO Michael Fiddelke, who aims to revitalize the company after operational struggles [1][4] - The company is focusing on enhancing its operational speed and addressing priorities to drive growth [2] Leadership Changes - Rick Gomez, a 23-year veteran overseeing inventory, will leave the company, while Jill Sando, chief merchandising officer since 1997, will retire [1] - Lisa Roath will assume the role of chief operating officer, and Cara Sylvester will become the chief merchandising officer [2] - Gomez and Sando will assist with the transition for a short period, with changes effective immediately [3] Operational Adjustments - Target is reiterating its profit guidance while increasing investment in store staffing, despite eliminating around 500 jobs at distribution centers and regional offices [3] - The leadership reshuffle is seen as a necessary step to address declining sales and customer complaints regarding store conditions [4] Market Challenges - Target has faced difficulties as consumer spending has decreased, leading to complaints about store organization and a loss of its budget-friendly image [4] - The company has also dealt with backlash from consumer boycotts related to its corporate diversity initiatives and responses to local social issues [5]

Target Announces Executive Leadership Changes to Accelerate Growth, Confirms Q4 Financial Guidance [Accessibility Statement] Skip NavigationMINNEAPOLIS, Feb. 10, 2026 /PRNewswire/ -- Target Corporation (NYSE: TGT) announces a series of executive leadership changes under new CEO Michael Fiddelke aimed at accelerating the company's growth plans. The appointments follow recent additions to the [Board of Directors] and directly support Fiddelke's focus on strengthening merchandising authority and elevating the ...

VANCOUVER, BC / ACCESS Newswire / February 10, 2026 / Kalo Gold Corp. (TSXV:KALO) (the "Company" or "Kalo") is pleased to report that it has commenced 2026 field operations in Fiji, advancing exploration activities across its 100%-owned Vatu Aurum Project. The current program integrates geophysical datasets with systematic core relogging, field mapping, and soil geochemistry to refine, rank, and sequence priority drill targets across the project. ...