Companies

Target sales fall 2.5% during holiday quarter to cap 'challenging' 2025 as new CEO Michael Fiddelke takes over

March 3, 2026

Target reported a 2.5% decline in same-store sales during the holiday quarter, concluding a challenging year as new CEO Michael Fiddelke steps in. While overall revenue fell to $30.5 billion, the company noted a rise in digital sales, although in-store sales experienced a notable drop.

Target sales fall 2.5% during holiday quarter to cap 'challenging' 2025 as new CEO Michael Fiddelke takes over

Credit: Yahoo

Key Highlights

Target's same-store sales fell 2.5% during the holiday quarter.
Overall revenue for the quarter was $30.5 billion, down 1.5% from last year.
In-store sales decreased by 3.9%, while digital sales rose by 1.9%.
The decline in sales aligns with Wall Street expectations.
Michael Fiddelke is the new CEO aiming to improve sales performance.

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Target sales fall 2.5% during holiday quarter to cap 'challenging' 2025 as new CEO Michael Fiddelke takes over

Key Highlights

Sources

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