The two retail giants are capitalizing on sustained investment in their technology foundations even as they face economic headwinds.

It didn’t have to be this way. At the start of his tenure, Cornell, who the company announced yesterday will step down as CEO on February 1, was an outsider unafraid to move fast and break things. He had been CEO of a big PepsiCo unit, Michaels Stores, and Sam’s Club before that.

Target needs a hard reset on strategy, Wall Street believes. And new CEO Michael Fiddelke may not be the person to do it.

Major U.S. retailers are deciding whether to pass higher costs from tariffs directly to consumers and risk losing them, or absorb the increases and hope shoppers remain loyal.

Several big U.S. retailers reported earnings this week, offering a glimpse into the spending habits of consumers and the effects of President Trump’s trade war. Here are the results to note: Earnings

The world's largest retailer — like many others — has been absorbing most of the increased costs, but raising prices of some goods.

Walmart continues to gain momentum — and market share — as back-to-school shopping winds down, leaving competitors like Target struggling to keep up. Executives at both companies said they remain cautious about the all-important holiday shopping season,

But today's focus is on the state of retail, with Walmart (WMT) reporting a mixed second quarter and Target (TGT) delivering another weak quarter on Tuesday. Both of these earnings reports couldn’t have been more different, though each clearly showed the ...