Back to today’s briefing

Story perspectives

Retail Giants Navigate Challenges Amid Market Shifts

5/22/2025

50 5

Summary

Story summary

Lowe's stands firm on its full-year forecast, buoyed by strong home professional sales, even as quarterly sales fell short. In a significant shift, Elliott Investment Management secured two board seats at Phillips 66, signaling a push for change. Meanwhile, Target faces mounting challenges, reporting steeper sales declines due to economic worries and backlash over its diminished diversity initiatives.

1 of 1

Story summary

Lowe's stands firm on its full-year forecast, buoyed by strong home professional sales, even as quarterly sales fell short. In a significant shift, Elliott Investment Management secured two board seats at Phillips 66, signaling a push for change. Meanwhile, Target faces mounting challenges, reporting steeper sales declines due to economic worries and backlash over its diminished diversity initiatives.