By WSJ Staff
Shares in Target sank after the retailer reported its 11th straight quarter of flat or falling sales, and said Chief Operating Officer Michael Fiddelke will become its next chief executive.
-- Target stock dropped more than 10% in premarket trading, falling below $95 a share.
-- That put the shares on course for their worst session since April 3. That day, they fell 10.9% as markets convulsed following President Trump's "Liberation Day" tariff plans.
-- Target flagged improving quarterly traffic and sales trends, but also noted "tariff-related and other cost pressures" and challenging retail conditions.
Read more about Target's new CEO:
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(END) Dow Jones Newswires
August 20, 2025 08:11 ET (12:11 GMT)
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