KHD Buzz – Big Retailers Stocking Up and Staffing Up for the Holidays, Consumer Confidence Drops Again and More

KHD Buzz – Big Retailers Stocking Up and Staffing Up for the Holidays, Consumer Confidence Drops Again and More

September 6, 2021 Off By Koehler Home Decor

Ahead of Holiday Shopping Season, Best Buy Stocking Up

While many major retailers are warning that holiday item stocks may be limited due to ongoing freight woes, Best Buy claims it will have gadget lovers covered. Best Buy reported that inventory levels were 55 percent greater than last year and 23 percent higher than in 2019. According to company management, the firm moved orders forward to ensure that stock will be available for the 2021 Christmas holiday selling season. Read More

Walmart, Amazon Plan to Begin Holiday Hiring Spree

Both Walmart and Amazon have announced plans to bulk up their staffing levels ahead of the holiday season. Given the current labor shortage woes in the retail industry however, some analysts are wondering if their hopes are realistic. Read More

Report: Consumer Confidence at a Six Month Low

Despite the fact that the Conference Board’s latest survey showed a drop in consumer confidence in August due to concerns about rising COVID-19 infections and rising prices — particularly housing prices — there were also signals that spending was shifting away from consumer goods and toward services. Read More

Delivery Start Up Builds Vegas Test Track for Driverless Delivery Vehicles

Nuro, an autonomous delivery truck start-up revealed that it is constructing a factory and a closed course test track in Las Vegas, Nevada.

Nuro claims its two new commercial complexes will total 125,000 square feet of space spanning at least 80 acres of property, including 74 acres of the Las Vegas Motor Speedway, and will be funded by Softbank, Chipotle, Toyota’s Woven Capital, and others. Read More

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