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Target Picks New CEO In Bid To Win Back Shoppers Amid Plunging Sales, Boycotts Target Picks New CEO In Bid To Win Back Shoppers Amid Plunging Sales, Boycotts
Target Picks New CEO In Bid To Win Back Shoppers Amid Plunging Sales, Boycotts Target has picked a longtime executive to take over as CEO amid plummeting sales and a slumping stock throughout 2025. Chief operating officer Michael Fiddelke will become Target's next CEO, the retail giant announced on Wednesday, Aug 20. Fiddelke, who has spent two decades at Target, will succeed current chief executive Brian Cornell on Sunday, Feb. 1, 2026. Cornell, 66, will become the executive chair of Target's board and help Fiddelke, 49, in the transition. "There is no one better suited to move Target forward than Michael Fiddelke," Cornell said in a statement. "He brings …

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by Chris Spiker
Business
Snack Wrap Hype Boosts McDonald's Sales After Slump, New Data Shows Snack Wrap Hype Boosts McDonald's Sales After Slump, New Data Shows
Snack Wrap Hype Boosts McDonald's Sales After Slump, New Data Shows The return of the McDonald's Snack Wrap has spiced things up for the chain after it suffered a sharp sales decline as Americans cut back on restaurant spending. The snack wrap returned to US menus on Thursday, July 10. On that day, McDonald's saw a 15% jump in foot traffic compared to an average day in 2025, and an 11.4% jump compared to a typical Thursday, according to Placer.ai. The surge continued into the weekend, with a 22.3% traffic rise on Friday, July 11, compared to an average 2025 day. "After nine years of pent-up demand, fans showed up in full force to celebrate the re…

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by Chris Spiker
Business
Starbucks Spills Early On Pumpkin Spice Latte's Return: When You Can Buy One Starbucks Spills Early On Pumpkin Spice Latte's Return: When You Can Buy One
Starbucks Spills Early On Pumpkin Spice Latte's Return: When You Can Buy One Starbucks isn't waiting for the summer heat to cool down before bringing back a wildly popular fall beverage. The coffeehouse chain will start selling its iconic Pumpkin Spice Latte again on Tuesday, Aug. 26. Starbucks made the earliest-ever announcement for the autumn favorite in a news release on Monday, July 21. This will be the Pumpkin Spice Latte's latest return since 2022, CNN reported. Starbucks said Google searches for "pumpkin spice" spiked in mid-June, a full month earlier than in 2024, motivating the chain to issue the release date early and avoid potential online …

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by Chris Spiker