Target CEO Brian Cornell After 11 Years Is Stepping Down Following Declining Sales After Dismantling DEI

When Trump slung his ink sword to eliminate DEI, in January, some took the wait and see approach before eliminating DEI from their companies some no sooner then Trump said he wanted it gone had a coming out party that they were eliminating DEI.  One of those companies was Target, which was been sliding down a slippery slope for 10 weeks with foot traffic declining because people are taking their dollar to where they feel it is appreciated.  Stock holders have been upset with Target jumping out there saying they were going to rollback their DEI policies.

After 11 years in the role, Target CEO Brian Cornell will leave his post at the beginning of next year.  Brian Cornell’s departure was widely expected. Some industry analysts believed Target should bring in an outside voice to lead the company, but it opted for an internal candidate: Cornell will be replaced on February 1, 2026, by Michael Fiddelke, Target’s current chief operating officer. 

According to AP, Target, which has 1,980 U.S. stores, reported a 21 percent drop in net income in the quarter ended Aug. 2. The company has seen stagnant or declining comparable sales in eight out of the past 10 quarters including the latest period.

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