Target News Summary - September 1, 2025

MINNEAPOLIS (September 1, 2025) - Target Corporation made headlines today on two fronts: its new chief executive outlined a turnaround strategy, and its stores remained open for Labor Day.

A. CEO Unveils Three-Step Plan to Reconnect with Shoppers Target’s incoming CEO, Michael Fiddelke, today shared a three-step roadmap aimed at revitalizing the retailer’s performance and guest experience. Speaking during the company’s second-quarter earnings call, Fiddelke emphasized:

  • Reestablish Merchandising Authority through a distinctive, design-led assortment.
  • Elevate the In-Store Experience to deliver joy and consistency at every visit.
  • Leverage Technology for faster, more efficient operations and enhanced customer interactions. He underscored that while sales have been pressured, Target remains profitable and well-positioned to regain momentum by focusing on quality, value, and style that “guests respond to when we offer the right blend”.

B. Stores Open for Labor Day Holiday In keeping with its strategy to serve guests year-round, Target confirmed all its U.S. locations would operate on Labor Day, Monday, September 1, with hours varying by store. This move aligns Target with several other national retailers opting to stay open for last-minute holiday shoppers, underscoring the importance of Labor Day as a key retail occasion.