Michael Fiddelke, who took the top job Feb. 1, admits the retailer lost its way and promises a reset.

Target's merchandising leaders previewed the company's ambitious plans to overhaul key categories, including home and apparel, at an investor meeting.

Michael Fiddelke, who took the top job Feb. 1, admits the retailer lost its way and promises a reset.

'You can't solve problems you're not talking about'