When you think about what happened with Target, target stock plunges 7% as the new CEO picks,

new CEO pick disappoints Wall Street.

There won't be change when change is needed.

This is paid 16.

Rob, I want to combine this with Walmart together, Rob, and then Tom, I'm going to come to you,

and I think you're going to be ready for this one.

All right, so let's do this one here.

Target's your job 7% to 98 after renaming chief operating officer Michael Fidelke as CEO effective February 1st, 2026,

replacing Brian Cornell, who said there is no one better suited to move target forward than Michael Fidelke,

but investors expecting an external hire were disappointed. Gerald Storch, former Target vice chairman,

an ex-toys R Us CEO told the post, this guy's apparently got credibility. He was the ex-Toys

or us CEO. The stock price reflects that there won't be change when change is needed.

Fidelke, 20-year veteran at Target, responded during an internal meeting saying there's no

short, there are no shortage of critics out there today.

The way to prove these critics wrong is with action that leads to results.

Target reported a 1.9% decline in same store sales for the second quarter,

ending August 2nd, 2025.

With customer transactions down 1.3% and average spending per transaction down 0.6%

despite beating Wall Street earnings estimates, Fidelke noted on a post-earning call.

Now we need to move more of those examples across the category,

but they can give me a ton of confidence

that we're on the right path here, citing improvements in home goods like Disney and Marvel.

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