Melissa Repko

Target has long used brand collaborations to attract shoppers to its stores and website.

Lowe's followed rival Home Depot in reporting better-than-expected quarterly sales.

Home Depot narrowly beat fourth-quarter earnings estimates, but it gave lackluster sales guidance as high interest rates and home prices pose challenges.

The discounter has gained traction with upper-income shoppers with a larger online assortment and faster online options, like home deliveries.

Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.

The discounter has shaken up its image with store remodels, faster deliveries and a wider mix of brands on its website.

Some retailers have walked back supplier programs intended to address the additional hurdles that Black and minority founders face, including funding.

Walmart's purchase was an all-cash $34 million deal, according to CBL, a shopping mall owner that sold the property.

Target joins Walmart, Meta, McDonald's and a wave of other major companies pulling back on DEI programs.

The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.