FINANCE

Amazon Q4 sales rise 9%; profit takes a beating
Amazon reported better-than-expected fourth-quarter sales, but a loss on its stake in electric-truck maker Rivian Automotive took a big bite out of its profits.
U.S. recession unlikely in 2023, says NRF economist
The economy is expected to see slight growth this year as consumers continue to deal with inflation and high interest rates.

FINANCE
Costco same-store sales up in January but e-commerce sales tumble
Costco Wholesale Corp.’s sales rose in January even with the shifting of a holiday.
C-SUITE
BDO: Retailers reducing overall inventory, taking on more debt
Retail CFOs are feeling cautiously optimistic despite inflation and ongoing supply chain issues.
FINANCE
Study: Online grocery sales set for healthy growth
A new forecast predicts that U.S. online grocers have reason to be optimistic about what the next five years hold in store.
STORE SPACES
Yesway raises capital to fund new store construction program
Yesway shows no signs of losing its momentum.
REAL ESTATE
Bed Bath & Beyond to close its Harmon chain — and 87 more stores
Bed Bath & Beyond continues to shrink its store footprint.
FINANCE
Mexican retailer Grupo Coppel extends financial services to U.S.
The largest department store chain in Mexico is aiming a new mobile wallet app at Mexican immigrants living in the U.S.
FINANCE
Bed Bath & Beyond sounds bankruptcy warning — again
Bed Bath & Beyond doesn’t have enough cash to pay down its debts.
FINANCE
Done Deal: Express, WHP enter into joint venture
Express has officially completed its transaction with brand management firm WHP Global.
FINANCE
Home Depot quadruples support of Historically Black College and Universities
The Home Depot is expanding its support of Historically Black Colleges and Universities (HBCUs) and offering students the chance to work on real-world projects at the company.
FINANCE
Valentine’s Day spending to be second highest on record at $25.9 billion
Despite inflation, Americans are ready to show the love on Valentine’s Day — and that’s good news for retailers.
FINANCE
Walmart enables charitable giving via new program
Walmart is enabling customers to donate to charities through purchases via its e-commerce site and mobile app.
FINANCE
Customers will spend money with retailers who offer these features...
Consumers are reassessing their retail spending, but will shop at retailers that provide the right type of customer experience.

Coverage and analysis on finance news, including quarterly results, general retail sales and bankruptcy filings, for the retail channel brought to you by Chain Store Age.