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Why did Target's CEO step down?

Asked 1 day ago

Answer

Target CEO Brian Cornell stepped down due to declining sales, underperforming stock, a customer boycott over DEI initiative rollbacks, and financial pressures from tariffs.

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Why customers turned away from Target

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  • Target CEO Brian Cornell steps down after 11 years with the company.
  • Target's stock has dropped over 20% and sales have declined for another quarter. 20s
  • A customer boycott followed Target's rollback of DEI initiatives, impacting sales. 1m 16s
  • Tariff pressures have affected 50% of Target's inventory, which is manufactured abroad. 1m 41s
  • Michael Fidelke will become the new CEO as Target seeks to recover. 45s
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References

Why customers turned away from Target
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CNN
1 day ago
Why customers turned away from Target

Brian Cornell led Target through some of its best years, but recently through some of its worst, unable to dig the company out of the hole.

Why customers turned away from Target
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CNN
1 day ago
Why customers turned away from Target

Target reported another quarter of sales decline, with customers pulling back and a boycott by core customers after rolling back DEI initiatives.

Why customers turned away from Target
Icon
CNN
1 day ago
Why customers turned away from Target

Tariffs and financial headwinds also contributed to the CEO's departure, with 50% of inventory manufactured abroad and hit with tariffs.

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