Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.

Results over the last few years have fallen short of our expectations and our potential,” current CEO Brian Cornell says.

Now, investors have another wrinkle to consider. On Wednesday, Target replaced its CEO of 11 years, Brian Cornell — a shakeup ...

September S&P 500 E-Mini futures (ESU25) are down -0.22%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.10% this morning, pointing to further losses on Wall Street, while investors await ...