El director general de Target, Brian Cornell, quien ayudó a revitalizar la compañía pero ha tenido dificultades para revertir las

S hares of Target Corp. slumped 10.5% in premarket trading Wednesday, after the discount retailer said it was replacing for Chief Executive Brian Cornell, who has been in charge for the past 11 years, with current Chief Operating Officer Michael Fiddelke, effective Feb. 1, 2026.

Target (TGT) stock is plunging after the company announced that COO Michael Fiddelke will step up as CEO, succeeding current CEO Brian Cornell. Investor and retail expert Jeff Macke explains why Wall Street is so unimpressed with Target's decision to tap an insider to lead the company.