Target’s Next CEO | Power: Jassy #13/McMillon #19 | Last-(Gravel) Mile
Fortune Announces 2025 Fortune 100 Most Powerful People in Business List
- Jensen Huang, Founder and CEO, NVIDIA
- Satya Nadella, CEO and Chairman, Microsoft
- Mark Zuckerberg, CEO, Chairman, and Founder, Meta
- Elon Musk, CEO and Cofounder, and other roles, Tesla, SpaceX, xAI, and others
- Wang Chuanfu, CEO, Chairman, and Founder, BYD
- Sundar Pichai, CEO, Alphabet (Google)
- Ren Zhengfei, CEO and Founder, Huawei Technologies
- Sam Altman, CEO and Cofounder, OpenAI
- Jamie Dimon, CEO and Chairman, JPMorgan Chase
- Mary Barra, CEO and Chair, General Motors
…Retail Power (Jassy #13 / Bezos #18 / McMillon #19) Fortune Top 100 list Fortune subs.
This executive could become the next CEO of Target with Brian Cornell expected to retire at Modern Retail. “Some signs indicate that Michael Fiddelke, Target’s chief operating officer who has been with the company for more than two decades, may be Cornell’s heir apparent…“It is definitely the feeling of most that Fiddelke is next in line,” Jacob Aiken-Phillips, vp of equity research for Melius Research, said in a LinkedIn message.” Read more
Tractor Supply Beefs Up Last-Mile Delivery to Grow Sales at WSJ. “A third of customers surveyed by the company said they live off gravel or dirt roads, and about 70% can’t accommodate a large box truck due to overhanging trees or tight turnarounds. Yankee said he believes the company can deliver orders more efficiently by relying on its own workers who can get to know the customers and the routes.” WSJ subs.
PetSmart Appoints Jesica Duarte as EVP and Chief Commercial Officer “Duarte most recently served as Group Vice President, National Merchandising for the Albertsons Companies and spent the nearly twelve years prior at Walmart serving in various leadership roles…” Press release
United Natural Foods Appoints David Best as President and CEO of Retail “Prior to joining UNFI, Best spent two years as President and COO of Coborn’s Inc….and spent 19 years with Target, where he held a variety of leadership roles across merchandising, supply chain, and business development.” Press release
Push to Add ‘Buy Now, Pay Later’ Loans to Credit Scores Hits a Snag at WSJ. “Klarna and Afterpay say they’re withholding their buy now, pay later (BNPL) customer data from credit bureaus until they get assurances their customers won’t be unfairly penalized.” WSJ subs.
Synchrony Strikes Deal to Buy Lowe’s Commercial Card Portfolio at Morningstar
Quirky NYC shop trades pickles for books at NY Post. “She said she continues to build up her inventory on Tuesdays and Wednesdays by offering a 2-pound jar of pickles for every five-book trade-in — then peddles the tomes to its flocking fans…Harry Styles’ visit to Sweet Pickle Books…“changed the game” for the shop and cemented it as a celebrity favorite, the owner said.” Read more
Advertisers Can Now Target Home Depot Shoppers on Yahoo DSP, Even If They’re Not on the Retailer’s Shelves at Adweek
Amazon Reorganizes Audio Entertainment Operations; Wondery CEO Jen Sargent to Exit at Variety
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