Sarah Nassauer

When Fidelke took over, he was very clear that really the number one thing they need to be doing is getting back to style and design and uniqueness in their product assortment.

That they need to make sure that what they sell is differentiated from what you can get elsewhere.

They've done some things in baby and their toy department that they feel like shoppers are responding to them in a positive way.

They're also investing in supply chain and improving customer service.

But they also did really poorly last year in the same period, right?

And so they're comparing it to a quarter where, you know, it's like an easy compare is what we say.

On the call, you know, the executives were emphasizing also just some macroeconomic uncertainty and that they want to be cautious.

Also, the changes that Target is making are expensive.

So I think investors are dealing with a really uncertain environment.

And what Target was saying sort of spoke to some of that.

That was WSJ reporter Sarah Nassauer.

Thanks, Sarah.

Thanks for having me.

For the first time in over a decade, Amazon is bigger than Walmart by annual revenue.

And that is symbolic.

You know, it's symbolic internally inside Walmart, right?

And how they view themselves.

It's also symbolic, you know, externally.

And it just speaks to how quickly Amazon has been able to grow their younger company than Walmart.

There is a shift happening, but both Amazon and Walmart are growing fast.