Brian Cornell, Target's executive chairman and former CEO, was re-elected to the board with 87.2% shareholder support, down from his usual 95% and below the S&P 500 average of 96.6%. This decline reflects investor dissatisfaction after a 50% drop in Target's share price, three years of sales declines, and falling profits under his leadership. Major pension funds voted against him citing poor long-term performance, signaling pressure for board changes. Despite this, Target is pursuing a turnaround under new CEO Michael Fiddelke, who received strong investor backing and has shown early signs of progress in sales and merchandising.

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Target launches new back-to-school collections with exclusive brands and discounts for students and teachers

Target is launching its back-to-school and back-to-college season with over 50% new products, including exclusive collections from brands like LoveShackFancy, Hollister, and Overtime. The offerings cover apparel, school supplies, dorm decor, and more...

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Investor support for Target's exec chair Brian Cornell drops to 87.2% amid criticism over company performance.

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Target launches new back-to-school collections with exclusive brands and discounts for students and teachers

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Investor support for Target's exec chair Brian Cornell drops to 87.2% amid criticism over company performance.

More News (TGT)

Target launches new back-to-school collections with exclusive brands and discounts for students and teachers

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