8 ON YOUR SIDE: Target’s CEO is stepping down early next year after 11 years leading the company, which has been faced with recent struggles.

Target CEO Brian Cornell will step down early next year, to be replaced by Michael Fiddelke, who serves as chief operating officer. Cornell will become executive chair of the board of directors. Target’s income fell 21% last quarter and it’s had flat or lower sales for much of the past two years. It’s also faced a boycott from some shoppers once it scaled back its diversity, equity and inclusion program. Most of all, analysts say it’s no longer seen as the spot for affordable and stylish products as shoppers have turned to Walmart and TJ Maxx instead. Walmart is attracting more households with incomes over $100,000.

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