Target’s second-quarter earnings report showed sales beating Wall Street estimates but still declining year-over-year. The drop is attributed to the ongoing trade war. Target shares are down 50% from their 2021 peak due to a reliance on discretionary spending categories. TJX and Walmart are faring better with bargain-hunting consumers and higher-income shoppers, respectively. Target announced a leadership change, with CEO Brian Cornell stepping down and Michael Fiddelke taking over. Shares fell over 6% in response.

Read more at Yahoo Finance: Target Struggles as Wary Shoppers Prioritize Cost-Cutting