Target's board unanimously appointed Michael Fiddelke to replace current CEO Brian Cornell, who has led the company since 2014. Cornell will officially step down in February. Here's what this is likely to mean for Target and its stock. Analysts had been ...

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

Target CEO Brian Cornell will step down next year after more than a decade leading the company, as the retailer faces mounting challenges and works to reverse the sliding sales. His departure comes amid a broader effort to reignite growth and steer the brand through a critical turnaround, as reported by the New York Post.

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

Key Takeaways Target announced it was replacing CEO Brian Cornell with 20-year company veteran Michael Fiddelke, and shares plunged.Fiddelke was instrumental in the struggling retailer's efforts to reshape how it operates.