AP image Incoming CEO Michael Fiddelke announced this decision in a memo to employees on Thursday.It comes at a time when Target’s share price has lagged behind rivals and the company has faced criticism for scaling back its diversity, equity and inclusion initiatives, according to Reuters. “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life,” Fiddelke, who will take over as CEO in February 2026, said in the memo. “It’s a necessary step in building the future ...