o be a cheap and chic place to shop, but now the retailer is in a sales funk, losing market share to competitors like Walmart, Costco, and Amazon. WSJ’s Sarah Nassauer explores what happened to the beloved box store’s numbers and the strategies executives may be discussing to get back on target.

Further Reading:

-Target’s Slide From Cheap Chic to Dull Chore

Further Listening:

-What Went Wrong at Bed Bath & Beyond?

-Old Navy Tried to Make Sizes for All. It Backfired.

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1d:T66d,In the latest edition of Omni Talk’s Retail Fast Five, sponsored by the A&M Consumer and Retail Group, Mirakl, Simbe, Infios and Ocampo Capital Chris Walton and Anne Mezzenga discuss: Walmart going all-in with Klarna as its sole Buy Now, Pay Later provider—ditching Affirm and integrating BNPL into its OnePay FinTech app. Chris and Anne explore why this is more than a simple switch, and how it positions Walmart to become a dominant force in payments.(0:03) – Walmart drops Affirm, partners exclusively with Klarna for BNPL(0:30) – Klarna to underwrite loans, Walmart’s OnePay to handle customer experience(1:10) – Walmart’s OnePay valued at $2B+ with $200M in annual revenue(1:54) – Why Walmart’s customers won’t notice a difference—and why that matters(2:26) – Klarna’s global reach gives Walmart valuable data and fraud prevention potential(3:06) – Is BNPL becoming the next Visa or Mastercard for retail?(3:24) – Walmart’s strategy: Growth through ownership of paymen

How Target Got Off Target