Reported 12 days ago
Target CEO Brian Cornell has successfully navigated the retailer through challenges, including a significant drop in profits due to retail theft, which cost the company $700M in 2022. Since Cornell took the helm in 2014, he has overseen a nearly 50% revenue increase; however, recent declines prompted Target to enhance security measures amid rising theft incidents. Cornell expresses optimism about the ongoing efforts supported by federal and local authorities to improve store safety and accessibility.
Source: YAHOO