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Here's your midday brief for Tuesday, February 10th. I'm Anthony Bansy for the Wall Street Journal.

U.S. retail sales were flat in December, missing analysts' forecasts. The Commerce Department

says December sales were $735 billion. There were sales declines at car dealers, furniture,

and electronics stores, but gains in items like food and drinks and gasoline.

The softer than expected data is feeding into concerns about a fragile consumer economy.

Target is laying off about 500 employees as its new CEO looks to revamp the shopping experience.

The company wants to reverse sales declines.

Target is streamlining its field structure to free up cash for investments in frontline teams and guest experience training.

Target is also replacing its head of merchandising and named a new chief operating officer.

Coca-Cola reports fourth quarter revenue rose 2% to nearly $12 billion, driven by higher prices and a slight bump in sales volume.

However, the revenue figure missed Wall Street expectations.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were

based on WSJ reporting and then reviewed and adapted by an editor. We'll have more coverage

...