Target (NYSE: TGT) has been reeling this year as it deals with the effects of inflation and a big inventory adjustment to reposition stores for what consumers want right now. After yet another sell-off in the market overall, Target is now sporting a 33% decline on the year as we head into the busy fourth-quarter shopping season. Target has taken it on the chin this year.
Dividend Aristocrats are highly-respectable in their own right, but Dividend Kings take the throne. Several companies have recently made their way into the elite club.
The brick-and-mortar retailer thrived at the pandemic's onset, but there are more challenging times ahead.