People are buying up ice-makers, water, air conditioners and pool floaties on Amazon.

CEO Sonia Syngal will step down as CEO and the struggling casual apparel retailer said current quarter sales would continue to decline.

"The consumer continues to face a lot of hurdles, most recently being the formula shortage, which for families, it's got to be something that's front and center on their mind," said CEO Joel Anderson.

Just days after trimming its near-term margin forecast, Target said it will boost its quarterly dividend by 20%.

Retailers are sitting on some of the highest levels of inventory in two years, while consumers are getting lashed by surging inflation. That could mean big summer discounts for cash-strapped shoppers.

Consumers looking for an easier way to pay for big ticket items may turn to buy now, pay later payment plans.

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

Stocks finish higher Wednesday as the Federal Reserve releases minutes from its May meeting.

"At this point, we have not seen inflationary cost pressures adversely impact customer spending, which we believe is due to the higher income profile and resiliency of our customer base," said CFO Anne Bramman.

Bloomberg reported late Wednesday that Apple is eyeing a September 7 launch date for its new iPhone 14 series.

Ryan Cohen, who pushed for changes at Bed, Bath & Beyond including the ouster of CEO Mark Tritton, is looking to dump his entire 11.8% stake in the struggling home retailer.

The richest man in the world sees himself as a global CEO, speaking his mind on just about anything.