Target CEO steps down as company faces weak sales and customer boycott

Brian Cornell to be replaced next year as retailer navigates boycott over its scaling back of DEI initiatives

The CEO of Target is stepping down, as the embattled retail giant seeks to turn around its fortunes amid an ongoing customer boycott over its scaling back of diversity, equity and inclusion (DEI) initiatives.

Brian Cornell will be replaced next year by Michael Fiddelke, Target’s chief operating officer, the company said on Wednesday.