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.

After 11 years leading the embattled retail chain, CEO Brian Cornell is stepping down, as sales have sunk and shareholder patience has run thin.