Target is replacing its longtime CEO Brian Cornell due to a slump in sales that was contributed to in no small part by the company’s decision to retreat on its DEI policies.
Cornell’s reign at the top of the retail store began in 2014, and CNN gives him credit for revolutionizing the company’s e-commerce branch, which enabled it to be competitive against Amazon. During the turn of the decade, when a lot of companies decided to acknowledge their hiring practices had had a blind spot that prevented them from considering a more diversified pool of talent, Target volunteered to reconsider its policies and promised to take steps toward creating a more diversified and welcoming pool of employees.
