The retailer's sales jumped 11.3% but margins were pressured as consumers switched to e-commerce amid the coronavirus crisis.
The retailer said it saw a surge in traffic and sales beginning in mid-March.
The retailer conducted an extensive global search before appointing Fiddelke to succeed Cathy Smith.
“The next person in that chair has some big shoes to fill," a Moody's analyst says.
"The rising tide of the economy is not floating all retail boats,” an analyst says of the department store chains' disappointing sales growth.
For CFOs wanting to understand investor behavior, here's an argument that Jeff Bezos is human, after all, and Amazon can't defy basic economic principles.
The retailer "may hit the top line, like you saw this quarter, but will we see that flow through to the bottom line?" one analyst says.
The Christmas period results give "some validation to Target’s expensive plan to improve stores, delivery logistics, and customer service."
The $550 million deal positions Target to compete with Amazon and Walmart in the same-day delivery wars.
The retailer's forecast of flat to 2% growth in fourth-quarter same-store sales appeared to revive investors' doubts over its turnaround plan.
Using cost discipline, astute capital investments, and operational know-how, these 20 CFOs aim to guide their companies to a growth-filled future.
“For a little while, [Target] seemed to have lost its way but now appears to be getting back into that 'Tar-jay' mode."
