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flag New Target CEO Michael Fiddelke started his role on Feb. 2, 2026, facing declining sales, protests over ICE operations, and a $5 billion turnaround plan.

flag On February 2, 2026, new Target CEO Michael Fiddelke began his tenure amid declining sales, operational challenges, and protests in Minneapolis over federal immigration enforcement actions. flag About 100 demonstrators gathered at Target’s headquarters demanding the company oppose ICE operations on its property, call for congressional funding cuts, and implement employee training and warrant requirements. flag While Fiddelke joined 60 other Minnesota CEOs in urging de-escalation of Operation Metro Surge, activists called the response inadequate. flag The company faces ongoing struggles with sales, competition, and public scrutiny, prompting Fiddelke to launch a $5 billion plan focused on store upgrades, technology, and improved customer experience.

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