After serving at Target for 11 years, CEO Brian Cornell is stepping down from the retailer after it faced low foot traffic and backlash to ending its DEI efforts. Cornell will stay on as executive chairman and will be replaced by Target’s current chief operating officer, Michael Fiddelke, on February 1, 2026, according to a press release. He took over the company in 2014 and transformed the retailer, overseeing a strategy to remodel stores and strengthen the chain’s online business to compete with Amazon. Target’s decline Target has been on
Target has struggled to recover from boycotts and backlash following its rollback of diversity, equity, and inclusion (DEI) initiatives. The retailer’s foot traffic has remained low, according to data from analytics platform Placer.ai. Since Q1 2024, the company’s year-over-year foot traffic changes have closely mirrored its revenue shifts, Retail Brew reports, differing by an average of just 1.2 percentage points over the past five quarters. Scaling Back DEI Efforts In January, Target announced that it would end its three-year DEI goals, conclude its Racial Equity Action and Change (REACH) initiatives in
Historically Black College, Tennessee State University (TSU), is preparing to build a 70,000-square-foot engineering building. The Tennessee State Building Commission approved the future-ready campus on August 15, and TSU’s commitment to sustainability, workforce development, and leadership among university engineering programs. The $50 million facility will serve as a hub for innovation, collaboration, and cutting-edge research, as stated by a press release. The completion date is summer 2027, with construction expected to begin later this year. “This facility will provide a world-class space that enhances interdisciplinary collaboration across six undergraduate programs,
The National Science Board has elected Victor McCrary as its new chair, the board announced July 24. McCary, who is currently the vice president for research and professor of chemistry at the University of the District of Columbia, will replace former Chair DarÃo Gil, who left the role to become under secretary for science at the US Department of Energy. “The nation’s science and technology (S&T) enterprise is in the midst of a profound transformation,” Chair McCrary said in a press release. “A transformation that began years ago and is
Confido has raised $20 million in total funding across its Seed and Series A rounds. Footwork led the rounds with participation from Watchfire Ventures, Y Combinator, Boulder Food Group II, Fintech Fund, Barrel Ventures, and a group of strategic angels. The startup, founded in 2022 by Justin Hunter and Kara Holinski, began by automating Cash Application and Deductions Management. Over the past year, it expanded into Trade Promotion Management and Sales Forecasting, with the mission of giving accounting, finance, and sales teams a single platform to plan, execute, and analyze
Seafood restaurant chain Red Lobster is making a comeback under the leadership of CEO Damola Adamolekun. The 36-year-old, who took the helm as Red Lobster emerged from Chapter 11 bankruptcy last year, is leaning on two simple strategies: listen to customers and make the restaurants worth returning to. Red Lobster’s bankruptcy Founded in 1968, Red Lobster filed for Chapter 11 bankruptcy in May 2024, closing more than 100 of its nearly 650 restaurants. Decades of rising labor and lease costs were compounded by the infamous endless shrimp fiasco, which turned
Rebundle, the first US-based, plant-based braiding hair company, now has a patent for its flagship innovation. In June, the brand’s founder, Ciara Imani May, announced that the company learned the United States Patent and Trademark Office approved Rebundle’s patent for its hair extension line called braidbetter. “The patent protects the core innovation behind braidbetter, giving it its unique texture, durability, and scalp comfort,” May said in an Instagram post. “For our community, it’s further proof that this product is protected, scalable, and here to stay.” Rebundle solving a solution After May
Join our Patreon for extra-long episodes and ad-free content. Techish is taking a short summer break, but we’ll be back in September! In the meantime, we’ve got a fantastic episode to share from our friends over at the IRL Podcast. You might remember we had IRL host Bridget Todd on Techish recently for our Falling in Love With Your AI episode. So trust us, you’re gonna love this one. ———————————————————— Decoding the Planet: From Whales to Whistleblowers From season eight of the IRL podcast: AI and Us. AI may be able to talk
A federal judge has struck down two Trump administration directives that sought to end diversity, equity, and inclusion (DEI) programs in schools and universities. Judge Stephanie Gallagher of the US District Court in Maryland ruled that the Department of Education violated the law when it threatened to cut federal funding from educational institutions that would maintain its DEI initiatives, The Guardian reports. The department’s guidance had been on hold since April, when three federal judges temporarily blocked parts of the department’s anti-DEI measures. Gallagher’s ruling followed a motion for summary
Neibar is a social platform that helps people give away home, school, and workplace items they no longer need. The company, founded by software developer Roland Namwanza in July 2025, offers a diverse range of products, including household goods, office supplies, clothing, electronics, books, groceries, and university past exam papers. Namwanza told Techpoint Africa that it was hard to overlook the significant waste co-existing with the apparent need in his community. So, instead of creating a platform to buy and purchase products, he built one where people could give without expecting money
