As Target Names New CEO, Stock Tumbles 10% As DEI Hit And Tariffs Drag On Sales
1. Target's latest earnings report shows a 19% drop in profit year-over-year. 2. CEO Brian Cornell's DEI program cut led to extensive customer backlash and boycotts. 3. Stock price dropped 31% after DEI decision, totaling over $13 billion market cap loss. 4. Tariff uncertainty poses further challenges, pushing potential price increases on goods. 5. New CEO Michael Fiddelke starts under significant pressure to address these issues.