Target Needs More Than Pep Rallies to Turn Its Business Around

While Target's almost 2,000 stores still sell a ton of stuff and the company remains profitable, some observers say it has long had a culture of high self-regard, which can be dangerous in an industry as rapidly evolving as retail. Some would say this explains what they have seen as a lack of urgency in addressing its current difficulties. In November, the company said in a quarterly earnings call that sales and profits had fallen yet again compared with the previous year. For investors, shareholders and employees, too, the question is stark. Can incoming CEO Michael Fiddelke, a 22-year Target veteran and senior member of the executive team that presided over the company's recent decline, make Target cool again? Bloomberg Businessweek Senior Global Business Writer Devin Leonard joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)