• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
RetailTarget

Target’s incoming CEO breaks silence on Minneapolis violence near HQ—read his full statement 

By
Jacqueline Munis
Jacqueline Munis
Former News Fellow
Down Arrow Button Icon
By
Jacqueline Munis
Jacqueline Munis
Former News Fellow
Down Arrow Button Icon
January 26, 2026, 4:08 PM ET
Michael Fiddelke stands and talks.
Michael Fiddelke speaks at the opening of Target SoHo in December 2025.Bryan Bedder—Getty Images
Add Fortune on Google for similar content.

Incoming Target CEO Michael Fiddelke has broken his silence about recent violence in a message to employees on Monday, after a second fatal shooting in the corporation’s home base of Minneapolis over the weekend. 

Recommended Video

“We’ll have time to talk very soon about our plans to move Target forward, but right now, as someone who is raising a family here in the Twin Cities and as a leader of this hometown company, I want to acknowledge where we are,” Fiddelke said in the video, according to a transcript published by CNBC. 

“The violence and loss of life in our community is incredibly painful,” he said. “I know it’s weighing heavily on many of you across the country, as it is with me.”

Fiddelke did not name Alex Pretti, who was killed by a Border Patrol officer on Saturday, or Renee Good, who was killed by an Immigration and Customs Enforcement agent on Jan. 7.

He also did not mention President Donald Trump, ICE, or policy changes at Target. The company has been the object of protests across Minnesota after immigration officials detained two Target employees, who are U.S. citizens, during their shift in Richfield. 

Clergy members in Minnesota met with outgoing CEO Brian Cornell, urging the company to call for ICE to withdraw from the state and call on Congress to end funding for ICE, according to USA Today. They also demanded that Target take a stand against unreasonable search and seizure, and use its influence to ensure that the federal officer who killed Renee Good be prosecuted. 

But there was no indication the company would agree to those specific measures in Monday’s message. 

“We are doing everything we can to manage what’s in our control, always keeping the safety of our team and guests our top priority,” Fiddelke said. 

He starts as CEO on Feb. 1 and currently serves as the company’s chief operating officer. In the video, he said he has been looking forward to starting the new role. 

On Sunday, Fiddelke joined more than 60 CEOs in signing an open letter from the Minnesota Chamber of Commerce that said businesses were working behind the scenes with government officials, including Gov. Tim Walz, the White House, Vice President JD Vance, and local mayors.

“With yesterday’s tragic news, we are calling for an immediate de-escalation of tensions and for state, local, and federal officials to work together to find real solutions,” the letter read. 

Read the full transcript of Fiddelke’s video here:

Hi team.

In one week I will officially start as CEO.

We’re about to step into a new chapter for Target, and I’ve been looking forward to starting this work with you for some time, but this isn’t the first message I imagined I’d send.

We’ll have time to talk very soon about our plans to move Target forward, but right now, as someone who is raising a family here in the Twin Cities and as a leader of this hometown company, I want to acknowledge where we are.

The violence and loss of life in our community is incredibly painful.

I know it’s weighing heavily on many of you across the country, as it is with me.

What’s happening affects us not just as a company, but as people, as neighbors, friends, and family members within Target.

We are doing everything we can to manage what’s in our control, always keeping the safety of our team and guests our top priority.

During my more than 20 years at Target, one of the things I’ve loved is how we are part of the communities where we operate.

Since the beginning, we’ve given 5% of our profits and millions of volunteer hours to make them strong and vibrant places to live and work.

In line with that, I’ve been meeting with a range of leaders and this weekend added my signature to a statement using our collective voice to call for calm, constructive dialogue and de-escalation to reduce tension and keep people safe.

As that work continues, looking ahead to next week, I’ll spend my first days in the field listening and learning alongside our teams, and then we’ll come together for an all-team huddle to talk about how we’re moving our business forward.

Our leadership team is activated, HR is equipped, and our resources remain ready to give you the care and support you need.

Thank you for everything you do for each other, our guests, and our communities.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Jacqueline MunisFormer News Fellow
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Retail

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Retail

The Pete behind Jersey Mike’s was only 17 years old when he borrowed $125,000 to buy the chain—with some help from his high school football coach
SuccessFounders
The Pete behind Jersey Mike’s was only 17 years old when he borrowed $125,000 to buy the chain—with some help from his high school football coach
By Marco Quiroz-GutierrezJuly 26, 2026
14 hours ago
t
EconomyInflation
Meet the Americans learning to go without after the biggest grocery inflation in 50 years
By Dee-Ann Durbin, Terry Tang, Maggie Scales, Sandy Guatibonza, Hikari Mae Hida and The Associated PressJuly 25, 2026
1 day ago
g
EconomyInflation
‘Rockets and feathers’: Economists say grocery prices shoot up like the first, fall like the second
By Dee-Ann Durbin and The Associated PressJuly 25, 2026
1 day ago
alex
CommentaryEntrepreneurship
I sold my startup for millions without a single dollar in revenue. Here’s why that’s the point
By Alexander Kardos-NyheimJuly 25, 2026
2 days ago
Photo of retailer Wildberries
PoliticsUkraine
Ukraine’s drone strikes on Russia’s Amazon rival’s warehouses hit military supply chain and shake public morale
By The Associated Press and Dasha LitvinovaJuly 24, 2026
2 days ago
shop
EnergyInflation
Oil at $100 is pushing up costs from gas pumps to grocery aisles
By Cathy Bussewitz, Mae Anderson, Anne D'Innocenzio and The Associated PressJuly 24, 2026
2 days ago

Most Popular

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
1 day ago
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
Middle East
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
By Jason MaJuly 25, 2026
1 day ago
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
Economy
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
By Mia OsmonbekovJuly 26, 2026
12 hours ago
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
Success
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
By Orianna Rosa RoyleJuly 25, 2026
2 days ago
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
3 days ago
Startups are installing tiny data centers in people’s homes to reduce strain on the beleaguered electrical grid
Environment
Startups are installing tiny data centers in people’s homes to reduce strain on the beleaguered electrical grid
By Sasha RogelbergJuly 25, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.