Target has picked a longtime executive to take over as CEO amid plummeting sales and a slumping stock throughout 2025. Chief ...

Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.

Results over the last few years have fallen short of our expectations and our potential,” current CEO Brian Cornell says.

Target also imports about half of its merchandise, compared to roughly 33% at Walmart, so it needs to raise prices at almost double the rate of Walmart to mitigate the tariff impact, Bank of America ...