Target CEO Brian Cornell is finally stepping down after years of terrible business decisions. The retail giant announced Wednesday that Cornell will leave his post in February as sales continue to tank. This is what happens when companies lose sight of what really matters to American families.
Target’s sales dropped 1.9 percent compared to last year, marking another quarter of decline. Store sales fell even harder at 3.2 percent while customers fled to competitors like Walmart. When you can’t compete on basic value, hardworking Americans will take their money elsewhere.
The company has become a mess under Cornell’s leadership. Stores are cluttered and disorganized, checkout lines are painfully long, and shelves sit empty when customers need products. This is the result of focusing on woke politics instead of serving customers properly.
Michael Fiddelke will take over as the new CEO in February. He’s been with Target for 20 years and admits the company isn’t reaching its potential. At least someone is finally being honest about this disaster.
Target’s stock crashed over 10 percent when investors heard the news. Wall Street knows a sinking ship when it sees one. Smart money is running away from this company as fast as possible.
Cornell spent years pushing Target toward expensive remodels and trendy online sales. Meanwhile, basic customer service went down the drain. American families don’t need fancy stores if they can’t find what they need at fair prices.
Walmart has been eating Target’s lunch by focusing on what customers actually want. Low prices, clean stores, and products in stock. It’s not rocket science, but Target somehow forgot these simple business basics.
This CEO change won’t fix Target overnight, but it’s a start. American retailers need to remember they serve customers, not political agendas. Maybe now Target can get back to being a real store for real families.
