"2025 may go down as the end of an era in retail. This was the year that the longtime CEOs at two of the largest chains decided to hand the reins over to their corporate proteges. The retirements of Walmart's Doug McMillon and Target's Brian Cornell come as the industry is facing an array of new (and long-term) challenges in the form of a global trade rebalancing, accelerated adoption of AI, and increasingly stretched US household budgets."
"Fresh legs might be a welcome addition in this race. Dozens of smaller retailers have taken the opportunity to shake up the C-suite as well. Analysis from leadership consultancy Challenger, Gray & Christmas found that 43 retail companies announced CEO exits in the first 10 months of this year, up from 32 in the same period last year. A few more announcements have come through since. Here are some of the major retail chains that are getting a new CEO in the new year."
2025 has seen a marked increase in retail CEO turnover, with roughly 45 retailers announcing leadership changes compared with about 32 the previous year. Two longstanding CEOs at major chains — Walmart's Doug McMillon and Target's Brian Cornell — retired and passed leadership to internal successors. The retail sector is contending with global trade rebalancing, rapid AI adoption, and increasingly stretched U.S. household budgets, prompting succession moves. Dozens of smaller chains also reshuffled their C-suites. Analysis from leadership consultancy Challenger, Gray & Christmas recorded 43 CEO exits in the first ten months of the year, with additional departures since.
Read at Business Insider
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