Target’s CEO is stepping down as sales continue to plunge

[Champion]

https://www.cnn.com/2025/08/20/business/target-stock-ceo-cornell

Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.. Target on Wednesday reported sales fell for the third-straight quarter. Shares fell 8% in premarket trading. Target’s (TGT) stock is among the worst performing companies in the S&P 500 this year.

Are the boycotts working or is this due to tariffs?

 

[Hey_zeus]

 

[Wepa Man]

MAGA

 

[Mister Terrific]

https://www.cnn.com/2025/08/20/business/target-stock-ceo-cornell


Are the boycotts working or is this due to tariffs?

Likely a combination. Amazingly stupid to alienate your primary demographic though. Middle class liberals.

 

[Ethnic Vagina Finder]

I stopped going to the one near me because they lock up everything. And they opened up a Burlington right beside it so that's probably taking more money away from them.

 

[Tribal Outkast]

Donald Trump and them are really taking turns steamrolling different industries.. oh my God People wanted this though.

 

[Amerikan Melanin]

Target has decent men’s clothes for cheap. fukk that CEO replace him with a black one as chefs kiss.

 

[Spence]

Combination of recession, unforced dei errors, and everyone being broke these days.

 

[Wildin]

fukk that CEO replace him with a black one as chefs kiss.

Nope. Never that.

That's the ol' blame the black guy tactic. Aka hot potato. Target has already been failing. They are going to continue to fail, and being as they're at a low they'll hire a black CEO, then as it continues to fail say "see! That's why you don't have a black ceo!"

Same thing when cities start to fall then all of a sudden you get a black mayor...and it continues to fall and it's "that's what you get when you have a black mayor"

Or police departments and fire departments fail, get sued, have recruitment issues, then they hire a black chief, and settle the suits, still have issues with recruitment and it's "the black chief is doing a terrible job!"

They won't remember who was there when the walls started crumbling but they'll know who was there when they fell.

 

[King_Kamala61]

@bourgeoisie tall freak you were right Goddess

 

[King_Kamala61]

Target has decent men’s clothes for cheap. fukk that CEO replace him with a black one as chefs kiss.

That's a "DEI" hire...won't happen #sarcasm

 

[Loose]

Foot traffic is down due to boycotts tarrifs and cost of living

 

[Fanservice]

Only reason I go to target is for their cheap 40 oz natural peanut butter

 

[Silver Surfer]

If target was smart they would have never publicly did anything DEI...you can have internal policies that promote diversity without ever calling it out. Some other companies have done that without any issues.

Also why aren't black folk boycotting Facebook or IG?

 

[CopiousX]

Likely a combination. Amazingly stupid to alienate your primary demographic though. Middle class liberals.

No it was a good strategic idea from a business standpoint. They took a gamble that repercussions from a hostile federal administration would be worse for a company that engages in a lot of interstate commerce, than a temporary loss of sales from the liberal contingent.

We have seen what Trump has done to those universities and the law firms. And arguably he could strangle the entire companny, if Target decided to spearhead a resistance.


As we speak Costco is engaged in costly litigation in 19 states for doing exactly that. And the federal DOJ is looking for anything to trip them up also.