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.

Now, investors have another wrinkle to consider. On Wednesday, Target replaced its CEO of 11 years, Brian Cornell — a shakeup ...

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

This morning, the breakdown in shares of Target (TGT) might continue. The company posted second-quarter results that beat expectations. But markets did not like the new Chief Executive Officer choice.