Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic, plans to step down Feb. 1. Minneapolis-based Target said Wednesday that Chief Operating Officer Michael Fiddelke,

El director general de Target, Brian Cornell, quien ayudó a revitalizar la compañía pero ha tenido dificultades para revertir las

Target (TGT) stock is plunging after the company announced that COO Michael Fiddelke will step up as CEO, succeeding current CEO Brian Cornell. Investor and retail expert Jeff Macke explains why Wall Street is so unimpressed with Target's decision to tap an insider to lead the company.