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.

Stock futures mixed ahead of Fed minutes, bond yields slide; Fed minutes in focus as markets wilt under rate pressure; Nordstrom shares leap after solid Q1 sales, forecast boost; Wendy's shares surge as activist Nelson Peltz plots takeover and Nvidia edges lower ahead of Q1 earnings

The takeover of the budget airline raises a key question for consumers.

Nvidia provided negative news on Monday and Micron followed up with more on Tuesday. Here's the trade.

Retailing giant Walmart wants to ensure its customers can get what they're looking for, however they want to buy it.