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Target's new CEO is thrown into crisis mode on day one [Business Insider]
Last walmart inc. earnings: 2/18 06:00 am
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This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Michael Fiddelke, who started at Target as a finance intern, takes over the top job at the retailer on Sunday. He must deal with declining sales and civil unrest in Minneapolis, the city where Target is based. The company's outgoing CEO will stay on as executive chairman, raising questions about how much change is possible. Target's new CEO won't get a honeymoon period. Michael Fiddelke, the company's chief operating officer who started as a finance intern, is taking over at a moment when the retailer is under pressure on nearly every front, grappling with a weakening business, political backlash, and growing employee strain. Fiddelke, who officially takes the helm this weekend, will have to contend with 10 of the past 12 quarters having flat or declining comparable sales, as civil unrest unfolds in Minneapolis, where Target is headquarte
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