Target Corporation

TGT

US87612E1064

Discount Stores

Market Closed - Nyse Other stock markets 04:02:30 2026-03-13 pm EDT			5-day change	1st Jan Change
117.34 ^USD	+1.37%		-2.86%	+20.04%

Mar. 13	Ulta Beauty slumps as rising costs hit margins, TikTok push under new CEO in focus	RE
Mar. 13	New Target CEO slashes prices. Previous cuts offered short-lived sales boost	RE

Target steps up investment in store staffing, cuts about 500 other roles, CNBC reports

Published on 02/09/2026 at 03:26 pm EST - Modified on 02/09/2026 at 03:29 pm EST

Reuters

TARGET CORPORATION

+1.37%

Target steps up investment in store staffing, cuts about 500 other roles, CNBC reports

Feb 9 (Reuters) - Target is stepping up store staffing, but eliminating about 500 jobs in distribution centers and regional offices, CNBC reported on Monday citing an internal memo.

The big-box retailer said it is making changes to the way it runs and oversees stores to improve the customer experience, a top goal of the company's new CEO, Michael Fiddelke, the report said citing an internal employee memo.

Target will reduce the number of store districts -- the geographic areas that its nearly 2,000 stores are broken into, which have dedicated staffing -- and put money toward more hours for frontline store employees, the report added.

Target did not immediately respond to a Reuters request for comment.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Krishna Chandra Eluri)

Latest news about Target Corporation

Mar. 13	Ulta Beauty slumps as rising costs hit margins, TikTok push under new CEO in focus	RE
Mar. 13	New Target CEO slashes prices. Previous cuts offered short-lived sales boost	RE
Mar. 12	Amazon plans to move Prime Day event to June from July, Bloomberg News reports	RE
Mar. 11	Target cuts prices on 3,000 items as stubborn inflation keeps US consumers on edge	RE
Mar. 11	Keracolor Expands National Retail Distribution and Launches New Product Offerings At Target	CI
Mar. 11	Target Corporation Declares Regular Quarterly Dividend, Payable on June 1, 2026	CI
Mar. 11	Target Lowers Prices on 3,000 Consumer Items	MT
Mar. 11	Target Corporation declares regular quarterly dividend	RE
Mar. 11	Target Keeps Quarterly Dividend at $1.14 a Share, Payable June 1 to Shareholders of Record as of May 13	MT
Mar. 11	Target lowers prices on 3,000 spring products, including everyday essentials and on-trend apparel and home items	RE
Mar. 11	Target slashes prices on more than 3,000 products amid stiff competition	RE
Mar. 10	DA Davidson Adjusts Price Target on Target to $140 From $120, Maintains Buy Rating	MT
Mar. 06	Oil Shock Meets Job Shock
Mar. 06	Argus Research Adjusts Target PT to $145 From $125, Maintains Buy Rating	MT
Mar. 06	Daiwa Securities Adjusts Price Target on Target to $118 From $86, Maintains Neutral Rating	MT

Michael Fiddelke

Currently, Michael J. Fiddelke holds the position of Chief Financial Officer & Executive Vice President of Target Corp. Mr. Fiddelke is also on the board of Minnesota Children's Museum. He received an MBA from Kellogg School of Management and an undergraduate degree from the University of Iowa.

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TGT: Dynamic Chart

Company Profile

Target Corporation specializes in retail distribution. Net sales break down by family of products as follows: - food and beverages (22.4%); - household goods (17.5%); - furniture and decorative items (15.7%); - apparel and accessories (15.5%); - durable goods (14.8%): electronic goods, video games and consoles, sports equipment and toys, entertainment products and travel goods; - beauty products (12.4%); - other (1.7%). As of January 30, 2025, products are marketed through a network of 1,978 stores located in the United States (of which 1,526 owned), and through the Internet. All sales are in the United States.

Employees

415,000

Sector

Discount Stores

Calendar

May. 13 - Ex-dividend date - 1.14 USD

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