El director general de Target, Brian Cornell, quien ayudó a revitalizar la compañía pero ha tenido dificultades para revertir las

The news that Target CEO Brian Cornell, pioneer of the US retail bellwether’s re-invention as an omni-channel force to be reckoned with in an age of Amazonian paranoia, has shaken Wall Street, but it’s perhaps also indicative of how far the firm has recently fallen?

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.

Michael Fiddelke, the company’s chief operating officer, will take over as chief executive in February as Brian Cornell transitions to executive chair. The announcement comes at a time Target is trying to emerge from multiple quarters of sales declines.

Target CEO Brian Cornell will step down early next year after more than a decade at the helm of the $107 billion retail giant, the company said on Wednesday. In recent years, Target has suffered sluggish sales as the company weathered consumer boycotts over its Pride collection and a rollback of its diversity,

After more than a decade at the helm, Target’s CEO Brian Cornell is stepping down, marking the end of an era for one of America’s most recognized department store chains. His departure comes amid sliding sales and backlash over the company’s decision to abandon diversity and inclusion policies.