Recent data from Placer.ai reveals that Walmart and Target are experiencing contrasting financial trends as their new CEOs take the helm. Walmart, under John Furner, saw an increase in traffic and grocery penetration, while Target, led by Michael Fiddelke, faced declines in foot traffic, especially on weekends. These diverging trends highlight Walmart’s strength in value and digital growth versus Target’s challenges, prompting the latter to focus on improving assortment and in-store experience.
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Target, Walmart traffic numbers trending in different directions: Placer.ai
Recent data from Placer.ai reveals that Walmart and Target are experiencing contrasting financial trends as their new CEOs take the helm. Walmart, under John Furner, saw an increase in traffic and grocery penetration, while Target, led by Michael Fiddelke, faced declines in foot traffic, especially on weekends. These diverging trends highlight Walmart’s strength in value and digital growth versus Target’s challenges, prompting the latter to focus on improving assortment and in-store experience.