#sales-decline

#sales-decline

Target announced on Wednesday that its Chief Operating Officer (COO), Michael Fiddelke, will assume the position of Chief Executive Officer (CEO) in February 2026. The company's current CEO, Brian Cornell, who has been in the role for 11 years, will retire that month. "There is no one better suited to move Target forward than Michael Fiddelke," Cornell stated in a news release. "He brings a remarkable level of resolve in the face of complex challenges, a deep passion for growth, and a natural ability to inspire those around him to define what's next."

"I think the underlying trend ... is really tied to the consumer sitting on the sideline," he said, citing increased price sensitivity, an uncertain economic climate, and the challenge of lapping last year's promotional successes.

Sweetgreen's shares dropped more than 25% after slashing its revenue outlook for 2025, now expecting between $700 million and $715 million.

In the latest quarter, Mattel's dolls category saw a 19% drop in sales, totaling $335 million, primarily due to fewer new Barbie launches.

Sales of the Cybertruck plunged 51% year-on-year in Q2 to just 4,300 vehicles, according to Cox Automotive, showing significant declines in demand for Tesla's electric pickup.

London EV Company (LEVC) has announced it will cut approximately 180 manufacturing jobs at its Ansty site due to a significant decline in sales and increasingly challenging automotive conditions. Demand for electric hackney carriages has been affected by rising costs and ongoing reductions in the number of drivers, prompting the need for restructuring to ensure the future of the London black cab.

Jaguar Land Rover's quarterly sales fell by more than 10%, with total units sold decreasing from 97,755 to 87,286 compared to the same period last year.

Jim Cramer identifies Target as a value stock based on its current low valuation compared to historical standards and the S&P 500, despite ongoing challenges.

During the Zurich Art Weekend, a dehydrated dove fell from the sky, and after being nursed back to health, it felt like an omen for Basel week.

Burberry's full year results revealed a 12% drop in like-for-like sales with an operating profit down 94%, highlighting extensive challenges as the luxury sector struggles.