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Target CEO Brian Cornell will leave his post after 11 years

Cornell will be replaced by Michael Fiddelke, Target’s current chief operating officer, on Feb. 1, 2026

The retailer's declining sales can be partially attributed to competitors like Walmart and Amazon

Target CEO Brian Cornell is stepping down.

After 11 years in the role, Cornell will leave his post at the beginning of next year, per CNN , CNBC and AP . He will be replaced by Michael Fiddelke, Target’s current chief operating officer, on Feb. 1, 2026. Fiddelke has been with the company for 20 years and started as an intern.

In a call with analysts on Wednesday, Aug. 20, Cornell said that his successor was chosen from a "strong list of external and internal candidates,” adding that Fiddelke is the “right ca

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