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Target CEO Brian Cornell Resigns Amid Sales Struggles
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Leadership ChangeUS News
Updated 5 hours ago

Target CEO Brian Cornell Resigns Amid Sales Struggles

Target CEO Brian Cornell has announced his resignation after ten years, effective February 1, with COO Michael Fiddelke stepping in as his successor. This leadership transition comes as the retailer grapples with declining sales, particularly in the aftermath of the COVID-19 pandemic, despite Cornell's efforts to revitalize the brand.

Related Articles
Target CEO Brian Cornell steps down after 10 years as retailer fights to reverse sliding sales
NegativeU.S News
Target CEO Brian Cornell has stepped down after a decade, with COO Michael Fiddelke set to take over on February 1. This leadership change comes as the retailer faces challenges in reversing declining sales.
Editor’s Note: This matters because leadership transitions can significantly impact a company's strategy and performance, especially in a competitive retail environment. Stakeholders will be watching closely to see how Fiddelke addresses the sales decline.
Target's COO will lead the struggling retailer when CEO Brian Cornell steps down in February
NeutralU.S News
Target's CEO Brian Cornell will step down on February 1, with the COO set to take over. Cornell has revitalized the company but faced challenges with sales post-COVID.
Editor’s Note: This leadership change is significant as it comes during a tough time for retailers. The new COO will need to address ongoing sales struggles and adapt to a competitive market.

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