Target is gearing up for the holiday season and a new CEO as it reports earnings. Sales have been stagnant for four years, with expectations of a decline this year. Michael Fiddelke will take over as CEO in February, focusing on reestablishing Target’s reputation and efficiency. The retailer has made changes, including a large layoff and merchandise adjustments. Target also introduced a new 10-4 program for store employees to engage with customers. Walmart is also getting a new CEO, with John Furner taking over in February.

Read more at CNBC: Target (TGT) Q3 2025 earnings