Brian Cornell became the first external CEO hire in Target’s (TGT) history when he took the top job in 2014. Ten years in, Cornell has reinvented the company in many ways, experiencing the highs and lows of competing against other major retail giants like Walmart (WMT), Amazon (AMZN), and Costco (COST).
To get an inside look at the veteran CEO’s journey and his plans for the future, Yahoo Finance Executive Editor Brian Sozzi sat down with Cornell at a Target store in Jersey City, N.J. The two also met at a park that played a major role in Cornell’s upbringing in Queens, N.Y., to explore what shaped him into the leader he is today.
“If you grow up the way I did, you always feel like the underdog,” Cornell said.
This mindset helped Cornell rise through the retail ranks. He has served in executive roles at major companies like Safeway and Walmart’s Sam’s Club before running Target.
Cornell took over when the retailer was struggling and coming off a data breach. The CEO’s first big move was to exit Canada after the company’s $5.4 billion venture north of the border failed to take off. In 2017, Cornell announced the $550 million acquisition of delivery company Shipt and a $7 billion investment in Target stores at a time when the industry appeared to be shifting away from brick-and-mortar. These decisions paid off during the pandemic when Target’s revenue shot up past $100 billion for the first time in 2021.
For more on Target CEO Brian Cornell’s interview, please visit:
https://finance.yahoo.com/news/targets-underdog-ceo-is-aiming-for-another-bulls-eye-as-he-writes-his-final-chapter-100002916.html
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