Another Trump casualty. Target CEO is stepping down. [View all]

Last paragraph suggests that they still don't see the problem.

Target picks an insider to lead the struggling company when CEO Brian Cornell steps down next year

NEW YORK (AP) — Target is counting on a company veteran to revive its magic as it struggles to compete with rivals like Walmart.

The Minneapolis-based retailer said Wednesday that Chief Operating Officer Michael Fiddelke, who has been with Target for 20 years, will become CEO Feb. 1.

He succeeds Brian Cornell, who helped reenergize the company when he took the helm in 2014 but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic.

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He said he’s stepping into the role with three urgent priorities: reclaiming the company’s merchandising authority; improving the shopping experience by making sure shelves are consistently stocked and stores are clean; and investing in technology at the company’s stores and in its supply network.


https://apnews.com/article/target-ceo-brian-cornell-succession-dei-1d87a977b4869d4bace9ff85e6da427d