• Nike, Lululemon, and Starbucks join Macy's and Walmart in reducing store hours as Omicron spreads, causing staffing shortages

    6 days ago - By Business Insider

    Starbucks. Zhang Peng/LightRocket via Getty Images
    Nike, Lululemon, and Starbucks are the latest retailers to cut back on store opening hours.
    Several retailers have done so because of staffing shortages caused by the spread of Omicron.
    The Omicron variant is causing havoc on sectors that require in-person attendance.
    Nike , Lululemon, and Starbucks are among major retailers reducing store opening hours at certain locations because of staffing shortages caused by the rapidly spreading Omicron variant. These retailers join Macy's , Althelta, Walmart, and Apple who have already cut back on...
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  • Costco is opening up to 28 stores this year

    6 days ago - By Business Insider

    Costco store openings. Noam Galai/Getty Images
    Costco plans to open as many as 28 stores in 2022, per a Wall Street Journal report.
    The warehouse chain is planning to invest $4 billion into its business in fiscal 2022.
    Known for its deals and discounts on bulk goods, the company has flourished in the pandemic.
    Costco plans to open up to 28 stores in 2022. In a recent conversation with The Wall Street Journal , Costco's senior vice president of finance and investor relations Bob Nelson laid out the company's capital expenditure plans for the upcoming year. The warehouse chain, which...
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