FINANCE

Holiday sales hit new record — so do full-year sales
Despite inflation and high interest rates, consumers ramped up their spending in December, helping to end the holiday season and full year on an upbeat note.
Uber to shutter Drizly liquor delivery service
Uber is pulling the plug on a Boston-based alcohol delivery platform it purchased for $1.1 billion.

Brand Finance: Apple is world’s most valuable brand

U.S. companies dominated the upper tier of an annual ranking of the world’s top 500 most valuable and strongest global brands.
Proposed Kroger, Albertsons merger delayed

The proposed merger between two U.S. supermarket giants is no longer expected to be completed in March.
Showfields closes remaining stores

A lifestyle retailer that billed itself as operating the “most interesting store in the world” has gone dark.
Mid-market retailers optimistic about growth in 2024

Executives and C-suite professionals at mid-market retail and consumer packaged goods companies are nearly universally optimistic about 2024, with few anticipating a recession.
Burger King owner makes $1 billion cash acquisition

Restaurant Brands International is buying the largest Burger King franchisee in the United States in a move that will accelerate restaurant remodels.
eBay settles cyberstalking charges for $3 million

eBay has reached an agreement with the Department of Justice (DOJ) regarding an August 2019 harassment and intimidation campaign.
Study: Retail tech investments will rise 10% in 2024

A new survey indicates technology will be a retail industry investment priority for 2024.
7-Eleven to acquire 204 Stripes stores in $1 billion deal

7-Eleven, Inc. is expanding its footprint.

Holiday sales hit new record — so do full-year sales