Passing the Cart

Target announced that CEO Brian Cornell is stepping down in February after pushing the cart for 11 years. 

Bullseye’s new boss will be current COO Michael Fiddelke, who climbed the ladder after starting as an intern 20 years ago. Fiddelke says he’s committed to getting the retail chain back on target and “building new momentum.” Targét’s sales have been flat or falling since 2022 amid persistent inflation and boycotts from both sides of the political aisle, first for championing DEI and then for retreating from its diversity initiatives.

Wall Street seems less than impressed with the inside hire; Target shares dipped 6% following the announcement. 

Also on a downward trend? Cracker Barrel, whose shares fell over 12% after the old country store unveiled a new, sleeker logo (see both logos).

Verse to consider when you’re feeling pressure to keep up in a fast-paced environment… “But seek first the kingdom of God and his righteousness, and all these things will be provided for you. Therefore don’t worry about tomorrow, because tomorrow will worry about itself. Each day has enough trouble of its own.” 
Matthew 6:33-34 (CSB) (read full passage)