Target CEO To Step Down Amid Declining Sales and Canceling $2 Billion DEI Pledge

Written By Lexx Thornton Target named an insider as its next chief executive officer on Wednesday, a decision that comes as the discount retailer tries to reverse a persistent sales malaise and to revive its reputation as the place to go for affordable but stylish products.   Minneapolis-based Target said CEO Brian Cornell, who has led the company for 11 years, would step down on Feb. 1. The board of directors chose Chief Operating Officer Michael Fiddelke, a 20-year Target veteran, to succeed him.   Target, which has about 1,980 U.S. stores, has struggled to find its footing since inflation caused pinched

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