Omicron surge causing companies to rethink retail convention
January 14, 2022
Target and other companies are choosing to skip the National Retail Federation’s Show in New York this weekend as the Omicron variant has been spiking in the local area and other parts of the country. Executives from Best Buy, Chewy and Walmart are still planning on attending the conference.
Recent News
Costco’s Hot Dog Remains at $1.50 Despite Prices Spiking Elsewhere
Over the last few years, inflation has caused prices to creep up and impact pretty much everything. However, Costco is still keeping the price of its hot dog-soda deal where it is.
Home Depot Acquires SRS for $18.25B, Boosting Pro Sales
Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company’s boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers.
GameStop Faces Sales Slump, Implements Job Cuts
GameStop has recently undergone job cuts due to a notable decline in sales, as announced amid its latest financial report.
Subaru Recalls 118K Vehicles Due to Air Bag Sensor Issue
Subaru is recalling 118,000 SUVs and sedans in the United States due to a faulty sensor that might hinder air bag deployment during a crash, as per the National Highway Traffic Safety Administration (NHTSA) announcement on Wednesday.