Description: Walmart’s stock surged this week. Target’s shares plunged. The rival big-box players are both known for selling an array of products including food, clothing, home goods and kitchen appliances. Both their CEOs − Walmart’s Doug McMillon and Target’s Brian Cornell − stepped into their roles in 2014.
Date: Nov 17, 2022
Questions for discussion:
- How important is grocery shopping in explaining the variance between these retailers?
- How can Target respond?
- What does this all mean for investors looking ahead?