What went wrong at Target

By CNN Newsource

Published August 20, 2025 1:19 PM

By Nathaniel Meyersohn, CNN

(CNN) — Target CEO Brian Cornell is stepping down after 11 years amid struggles at one of America’s most prominent retail chains.

Cornell helped engineer a turnaround at Target, but it’s been a rocky few years for the retailer. Incoming Target CEO Michael Fiddelke, a veteran leader at the company, will have a tough task ahead as he faces tumbling sales, tariff pressure and a consumer slowdown.

But Target has been in a deep slump for years, mostly due to its own strategic missteps. The company has quickly fallen behind rivals like Walmart, Amazon and Costco.

Here’s how Target reached new heights – and then fell – during Cornell’s tenure.

The-CNN-Wire
™ & © 2025 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

Article Topic Follows: CNN - Business/Consumer

Jump to comments ↓

CNN Newsource

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.