New York —

Walmart and Target are heading in opposite directions.

Walmart said Thursday that sales at US stores open for at least a year jumped 4.8%, and it gained market share across income groups, led by growth with upper-income households. The company also raised its sales outlook for the year.

The retail behemoth once again on Thursday showed how it uses its size to dominate the industry. Its economies of scale help keep prices as low as possible, even as Trump’s tariffs raise costs. Walmart also relies on its strength in groceries and necessities to win over shoppers looking for discounts. More than half of Walmart’s sales come from groceries.

Meanwhile, Target is in a funk and its CEO is stepping down.

Target on Wednesday reported sales fell for the third consecutive quarter

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