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.

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.

Hot toys such as Squishmallow building sets, Hasbro's Spider-Man action figures and Mattel's Barbie were included in container manifests.

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 ...

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).

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,