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.

Results over the last few years have fallen short of our expectations and our potential,” current CEO Brian Cornell says.

This morning, the breakdown in shares of Target (TGT) might continue. The company posted second-quarter results that beat expectations. But markets did not like the new Chief Executive Officer choice.

Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck.