Target CEO Brian Cornell Steps Down After Sales Slump and DEI Backlash—Michael Fiddelke Named New CEO for 2026
Target CEO Brian Cornell steps down in February 2026 after 11 years, as the retailer faces slumping sales, DEI backlash, tariff pressures, and intensifying competition from Walmart and Amazon. Michael Fiddelke, the current CEO, will take over leadership. Introduction: A Turning Point for Target Target is undergoing one of the biggest leadership transitions in its … Read more