Target to Invest in Stores, Cut 500 Jobs as New CEO Takes Over

Retailer aims to streamline operations and improve customer experience under new leadership.

Published on Feb. 9, 2026

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Target announced it will restructure parts of its organization, eliminating around 500 roles, primarily in supply chain operations and regional offices. The moves are intended to allow the company to redirect investment into its stores, including additional labor and hours, along with a new guest experience training for employees. The changes mark some of the first major actions under new CEO Michael Fiddelke, who took over the top job at a challenging moment for the retailer.

Why it matters

Target has ceded market share to rivals like Walmart and Amazon in recent years, facing challenges from inflation, cluttered stores, and inconsistent merchandise that strayed from its affordable-chic identity. The restructuring aims to help the retailer reconnect with customers and improve its in-store experience as a key differentiator.

The details

The cuts include roughly 400 positions across Target's supply chain operations and about 100 roles at the store district level. No store-level jobs will be affected, but some regional offices will be closed. The organizational changes are intended to allow the company to redirect investment into its stores, including additional labor and hours, along with a new guest experience training for employees.

  • Target announced the restructuring on February 10, 2026.

The players

Michael Fiddelke

The new CEO of Target who took over the top job at a challenging moment for the retailer.

Adrienne Costanzo

Target's chief stores officer.

Gretchen McCarthy

Target's chief supply chain and logistics officer.

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What they’re saying

“The changes are expected to help employees in stores 'work more efficiently and with more focus.'”

— Adrienne Costanzo and Gretchen McCarthy, Target executives (NBC News)

What’s next

The retailer said the organizational changes are expected to help employees in stores work more efficiently and with more focus, as Target looks to reconnect with customers and improve its in-store experience.

The takeaway

Target's restructuring under new CEO Michael Fiddelke aims to streamline operations, redirect investment into its stores, and improve the customer experience as the retailer seeks to regain market share and reconnect with its affordable-chic identity.