What's Happening?
Target CEO Brian Cornell has announced his plans to step down on February 1, 2025. Cornell, who played a key role in revitalizing the company, has faced challenges in improving sales amid a competitive retail environment post-COVID pandemic.
Why It's Important?
Cornell's departure marks a significant leadership change for Target, potentially impacting the company's strategic direction and market performance. As Target navigates a competitive retail landscape, the transition could influence its ability to adapt and thrive.
