Target CEO Brian Cornell will step down from the role in February. The retailer said its Board of Directors unanimously picked COO Michael Fiddelke, a 20-year veteran at Target, as Cornell's successor. The announcement was made alongside Target's Q2 2025 earnings release, where the company reported a 0.9% drop in sales compared to the same three-month period last year. After the announcement and earnings report, the company's shares slid more than 10.5% to $94.2 in premarket trading Wednesday. Target CEO Br ...