Morning Brew Daily Target Names Former Intern as CEO & Labubu Fever Shrinks…Literally?
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Aug 21, 2025 Target makes headlines by appointing a former intern as CEO, potentially changing its trajectory amidst fierce retail competition. ESPN's standalone streaming app launches, reshaping sports broadcasting. Meanwhile, the Labubu doll phenomenon gets a size down, impacting Pop Mart's stock positively. The discussion touches on Marvel's exit from Georgia as a production hub and the surprising resurgence of office occupancy in NYC. A deeper look at declining reading trends unveils the impact of digital distractions, leaving a blend of humor and insight.
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Insider CEO Won’t Satisfy Investors
- Target promoted Michael Fiddelke from within despite years of flat sales and investor skepticism.
- Insiders may lack the outsider perspective investors wanted to reverse three years of stagnant same-store sales.
Swap In New Merch And Tech Leaders
- Hire fresh merchandising and technology talent quickly to reboot growth.
- Replace or supplement legacy decision-makers to show real change and restore investor confidence.
ESPN Goes Direct — Cable’s Last Bastion
- ESPN launching a direct-to-consumer app marks a pivotal shift away from cable.
- Disney bets streaming bundles (ESPN + Disney+ + Hulu) will replace cable subscription revenue.