Overview
- About 100 district-level roles and roughly 400 supply-chain positions are being eliminated as Target consolidates store districts and streamlines operations.
- Store-level jobs are not affected, though some regional offices will close, and affected employees have been notified with transition support offered.
- Starting pay for store workers remains unchanged at $15 to $24 per hour depending on location, according to the company.
- Michael Fiddelke named Cara Sylvester chief merchandising officer and Lisa Roath chief operating officer, with Rick Gomez departing and Jill Sando retiring effective Feb. 15.
- Target reiterated expectations to meet prior fourth-quarter guidance and plans to detail the turnaround at its March 3 earnings and investor event.