Walmart Inc. and Target Corp. are natural competitors in the dog-eat-dog world of retail.

They’re both big-box retailers selling value to shoppers. They’ve both been building with e-commerce, third-party digital marketplaces and delivery. And they’re both supersized fixtures in American shopping centers.

But while Walmart is ginormous at $681 billion in sales, Target is just really, really big at $107 billion.

Now, they’re entering a new, AI-driven age of retail with new chief executive officers on the way and very different trajectories. Walmart is winning and Target is looking to get its stride back after some costly stumbles.

Eleven years ago, when Doug McMillon became CEO of Walmart and Brian Cornell took the reins at Target, it was a much different dynamic.

The bric

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