Target, Brian Cornell and Michael Fiddelke
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Long-time Target CEO Brian Cornell is stepping down next year, but Pastor Jamal Bryant insists the boycott will persist.
Target is reeling as sales have stalled and its stock price has plunged. The company faced backlash after a rollback of its DEI initiatives prompted a boycott that slowed store traffic nationwide, one of the factors that pushed CEO Brian Cornell to step down.
While Target's choice of insider Michael Fiddelke as CEO is a prudent choice, he may not be the change agent needed to turn around the company.
When Target announced that COO Michael Fiddelke will replace CEO Brian Cornell, stock prices plummeted. Wall Street is wrong.
Analysts say incoming CEO Michael Fiddelke “deserves a chance to prove himself,” though it could take time and more money for Target to get its charm back