#foot-traffic

#foot-traffic

Target announced on Wednesday that its Chief Operating Officer (COO), Michael Fiddelke, will assume the position of Chief Executive Officer (CEO) in February 2026. The company's current CEO, Brian Cornell, who has been in the role for 11 years, will retire that month. "There is no one better suited to move Target forward than Michael Fiddelke," Cornell stated in a news release. "He brings a remarkable level of resolve in the face of complex challenges, a deep passion for growth, and a natural ability to inspire those around him to define what's next."

Target has experienced a year-over-year decline in foot traffic for six consecutive months, with July reporting a 3.8% drop according to Placer.ai.

The PATH Toronto's underground pedestrian walkway network spans 30 kilometres and has more than 1,200 businesses. During the pandemic, those businesses suffered as foot traffic dropped dramatically and never fully returned with the adoption of hybrid working models.

46% of all Google searches are local. 76% of "near me" searches lead to a store visit within 24 hours, making Google Maps essential for cannabis retail.

"We want a customer to actually say, 'That almost feels too cheap,'... One out of every 10 hangers...‘Boy, that almost feels too inexpensive.’"