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On Wednesday morning, just hours before Target’s much-anticipated quarterly earnings call, the embattled retailer made a notable announcement : CEO Brian Cornell will relinquish his position after 11 years on the job, stepping back to chair the board of directors that had just unanimously voted to appoint COO Michael Fiddelke as his successor. True, Cornell had come to the end of a three-year contract extension he’d signed in 2022, but the actual reasons for this switchover seemed obvious. “It is clear that Michael is the right leader to return Target to growth,” the board announced, citing his initiatives “ that enabled exponential growth .” Cornell likewise s

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