TL;DR: Target’s top-line continues to decline. New leadership is pushing for urgent change, but with competitors still outperforming and the macro backdrop uncertain, sustained execution and bold merchandising will be critical to regain share.
8 minute read
Target’s 2Q financial results reported this morning show sequential top-line improvement from 1Q although sales growth and comps were still negative, with worsening profitability year-over-year as well.
More interesting than the results themselves was the announced appointment of Michael Fiddelke, current Target COO, as Target’s new CEO effective February 1. On Target’s quarterly call with investors, Fiddelke spent the majority of the time discussing his key strategic priorities to return the company to profitable growth and a distinct leader in the retail market.
Keep reading for our take on the results and management commentary, including:
- July-2025 quarter data and analysis
- Updated 2025 outlook
- Brand action items
- Key charts
- Strategic priorities to turn Target’s business around
Join the Stratably community
-
Bite-sized market updates
-
Deep dive analyses
-
Industry benchmarks
-
Retailer forecasts
-
Invites to live events
-
And More!
Enterprise Membership unlocks our full insights that you and your team can use to drive alignment across your organization, improve your forecasting, and invest in the right capabilities.
Simply put, it makes your organization much more informed, providing a competitive edge over your rivals.
