Target’s New CEO Outlines Overhaul Plans, From Beauty to Babies

Target Corp.’s new chief executive officer is setting big expectations for Wall Street and pledging a return to growth powered by trendy new food products, in-store beauty services and other changes.

The big-box retailer struck an upbeat tone on Tuesday during CEO Michael Fiddelke’s presentation to analysts, with executives saying the company expects net sales to grow this year. The shares rose as much as 8.2%, the most in almost a year, extending their gain during the event.