FINANCE

Done Deal: Lowe’s sells its Canadian retail business

Lowe’s Cos. has unloaded its Canadian division to a U.S. private equity company.
Consumer confidence ticks down in January amid future concerns

Consumer confidence declined in January as consumers grew more pessimistic about business conditions for the next six months.
Study: Nearly half of consumers to spend less during next three months

Despite easing inflation, American consumers are proceeding with caution — and changing the way they shop in some instances.
Starbucks reports record Q1 sales; Schultz teases ‘game-changer’ coming soon

Starbucks Corp. reported first-quarter earnings and sales that just missed analysts’ expectations as its results were weighed down by dismal results in China.
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.
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.
BDO: Retailers reducing overall inventory, taking on more debt

Retail CFOs are feeling cautiously optimistic despite inflation and ongoing supply chain issues.

Shipt launches accelerator for local retailers