Target is shaking up its leadership team. The retailer continues to experience lagging sales and foot traffic, due in part to consumer pushback following a pullback on some of its DEI initiatives. Michael Fiddelke,

Target reported a nearly 3 percent sales drop in the fiscal first quarter compared to the previous year, with comparable sales down 3.8 percent. Transactions at Target stores and online fell 2.4 percent and the average spend per visit decreased 1.4 percent.

The mass retailer lowered its guidance for the full year, announced the departure of multiple executives and launched a new strategic office in an effort to combat sales declines.