The news the retail industry has been anticipating for months was finally announced on Wednesday: Target CEO Brian Cornell is finally stepping down after 11 years at the helm and will be replaced by his operations chief Michael Fiddelke in February.

The Dow Jones Industrial Average was back in the green again following choppy trading on Wednesday, with shares of Travelers Cos. Inc. and Walmart Inc. contributing the most to the index's rise. The Dow was up 83 points,

After 11 years in the role, Cornell will leave his post at the beginning of next year, per CNN, CNBC and AP. He will be replaced by Michael Fiddelke, Target’s current chief operating officer, on Feb. 1, 2026. Fiddelke has been with the company for 20 years and started as an intern.

Several big-box U.S. retailers are set to report second-quarter earnings this week, offering a glimpse into the spending habits of U.S. consumers and the continued impact of President Trump’s trade war.

Executive Editor Brian Sozzi joins Ramzan Karmali on Market Sunrise to talk about the major earnings calls coming up this week, including Target (TGT), Home Depot (HD) and Walmart (WMT).

Several big-box U.S. retailers are reporting second-quarter earnings this week, offering a glimpse into the spending habits of consumers and the continued impact of President Trump’s trade war. Here a

According to a recent analyst note obtained by MarketWatch, BofA analysts state that because of its high import exposure, Target will need to increase its prices to twice the rate of Walmart ( WMT) , its top rival, to weather the impact of tariffs.

Either way, the sales and discounts at major retailers, including Walmart, will continue for a few more weeks. Need a break? Play the USA TODAY Daily Crossword Puzzle. We've compiled a roundup of back-to-school deals from major retailers, from Target to ...

In 2025, Walmart has been a clear outperformer, up 12%, while Target has slumped 22%. Technicians tend not to believe too much in mean reversion, because once trends are in motion, they are more likely to remain in place rather than reverse. Expect this dynamic to continue.

While Target has seen a steady decline in same-store visits for roughly the past 18 months, Walmart has made gains in that area. Foot traffic is not a be-all, end-all metric because both of these chains are omnichannel retailers,