Retail's next wave of leaders: 9 incoming CEOs taking over at Walmart, Target, and more in 2026

Walmart CEO Doug McMillon (R) is handing over the top job to John Furner in the new year.

Walmart

• 2025 has been a big year for retail CEO transition announcements.
• Roughly 45 retailers said they are changing leadership, up from about 32 the year before.
• Here are some of the more notable retail chains that are getting a new CEO.

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...