Brian Cornell has been with Target since 2014. Photo by Jerry Holt/Star Tribune via Getty Images

Brian Cornell, longtime CEO of Target, is stepping down as the retail giant faces tariff-driven financial pressures and ongoing public backlash. Succeeding him will be Michael Fiddelke, a veteran Target executive who has outlined a turnaround plan for the Minneapolis-based company. The leadership change was announced alongside Target’s second-quarter earnings report, which showed the retailer beating Wall Street’s expectations on both revenue and earnings. Target shares fell 7 percent today.

Sign Up For Our Daily Newsletter

Thank you for signing up!

By........

© Observer