NEW YORK — America’s retail industry is sending mixed signals as major companies report quarterly results amid growing concerns about the strength of consumer spending.

Target raised its annual sales forecast, suggesting parts of the retail market remain resilient. However, Lowe’s lowered its expectations to essentially flat sales growth, citing caution among consumers.

The contrasting outlooks come after weaker-than-expected U.S. retail sales data increased scrutiny of household spending. Investors are watching retailers closely for signs that consumers are becoming more selective as prices remain elevated.

The results could also influence expectations for the Federal Reserve’s interest-rate policy, particularly as markets assess inflation, employment and economic growth.

At the same time, rising oil prices and elevated Treasury yields are adding another layer of pressure to businesses and households by increasing borrowing and operating costs.

The latest retail results provide an important snapshot of the American consumer—and could become a key signal for investors assessing the U.S. economy during the second half of 2026.