Target and Walmart are experiencing significant leadership transitions amid financial pressures and changing market dynamics. Target CEO Brian Cornell is stepping down after 11 years, with COO Michael Fiddelke set to succeed him, facing the challenge of reversing years of sales decline and reinvigorating the brand's appeal. Meanwhile, Walmart reported healthy sales growth but missed profit expectations, partly due to absorbing tariff cost impacts. Both companies navigate operational challenges, shifting consumer behavior, and economic uncertainties as they strive to maintain competitive positions in the evolving retail landscape.