US Top News and Analysis | Target is set to report first-quarter earnings, offer read on consumer

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Target is slated to release its fiscal first‑quarter earnings on Wednesday amid a challenging consumer environment, with analysts expecting $1.46 in earnings per share on $24.64 billion of revenue. The retailer is in the midst of a turnaround led by CEO Michael Fiddelke, who cites strong February sales as a sign of a potential upswing and has bolstered the effort by appointing former Walmart executive Jeff England as chief supply chain officer. Despite a multi‑quarter sales slump and flat annual growth over the past four years, Target’s stock has fallen more than 40 % over five years yet is up roughly 30 % this year. Chief financial officer Jim Lee says the company will boost spending this year, allocating about $5 billion—over $1 billion more than the prior year—to supply‑chain improvements and store investments as part of the turnaround plan.

Read more: https://www.cnbc.com/2026/05/20/target-tgt-q1-2026-earnings.html

#Target #LSEG #MichaelFiddelke #JeffEngland #JimLee

US Top News and Analysis | Target names ex-Walmart executive as supply chain chief in CEO's turnaround push

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Target announced that former Walmart executive Jeff England will become its chief supply‑chain officer, joining the retailer at the end of the month after leaving his current role at building‑materials supplier QXO. England, who spent 18 years at Walmart in various supply‑chain leadership positions, replaces long‑time Target veteran Gretchen McCarthy. His hiring is part of CEO Michael Fiddelke’s broader effort—since taking the helm in February—to revitalize the chain after several quarters of weak sales, including a $6 billion initiative aimed at improving inventory, in‑store experience and delivery times. The move follows recent appointments of Cara Sylvester as chief merchandising officer and Lisa Roath as chief operating officer, and comes as Target seeks to boost in‑stock levels, expand same‑day delivery, and streamline its distribution network, including the opening of a new “receive center” warehouse in Houston.

Read more: https://www.cnbc.com/2026/05/19/target-names-ex-walmart-executive-as-supply-chain-chief.html

#JeffEngland #MichaelFiddelke #Target #Walmart #GretchenMcCarthy #CaraSylvester #LisaRoath