Target, Walmart, and Gap are hiring luxury designers like Isaac Mizrahi to permanent roles, betting on design authority in a K-shaped economy.

Isaac Mizrahi rejoins Target as creative director at large, collaborating on design innovation, mentoring talent, and helping shape the brand's future.

Target is tapping designer and TV personality Isaac Mizrahi for a newly created role as creative director at large as the discounter aims to reclaim its reputation for stylish…