Just as inflation is starting to go Biden's way, other worrisome signs are popping up.
NEW YORK (Reuters) - "Target is my backup option," said Chloe Guss, a shopper at the retail chain for nearly 20 years whose reservations about some of its products may spell trouble for the business. The New Yorker, 38, mostly shops at Target through her Instacart app for a few groceries and mainly diapers and formula for her children. Target - jokingly pronounced "Tar-zhay" in faux French by fans and critics of its "cheap chic" offerings - is expanding its own brands as trendy, affordable designer home goods, cookware and clothing are no longer enough to keep its customers loyal.
Target (TGT) increases its quarterly dividend to $1.12 per share, reflecting a 1.8% rise from the previous level and marking the company's 53rd consecutive year of annual dividend growth.