Target Announces CEO Change Amid Profit Growth

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Target Announces CEO Change Amid Profit Growth
Photo: John Minchillo/AP/TT

American retail giant Target beats market expectations with its report for the second quarter. The company announces at the same time a change of CEO.

Michael Fiddelke, who among other things has been the finance chief for the company, steps into the position from 1 February next year.

The company's sales as well as profit amounted to 25.2 billion dollars and 2.05 dollars per share. The company retains at the same time its forecast for the remaining 2025.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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