Sony will reduce the cost of its PlayStation VR by $100 from Feb. 18 to March 3. Also, the company is offering several bundles, including the "Gran Turismo Sport" bundle, which includes a headset, a camera and the racing game for $200.
Sears expects to book a fourth-quarter profit of between $140 million and $240 million, despite a double-digit dip in same-store sales, thanks to a benefit of up to $495 million from the new tax law, the retailer said in a regulatory filing. The company also said it will record an impairment charge linked to its trade name for the third consecutive year as revenue continues to fall.
Toy retailer FAO Schwarz has returned to growth mode after shuttering its iconic New York City store two years ago, with plans to expand internationally. The retailer will partner with Chinese distributor Kidsland to open stores in Beijing and Shanghai in 2018, and it has teamed with Hudson Group to open branded shops at airports in the US and Canada.
December's strong holiday sales made it likely that sales would dip in January, and the 3.6% year-over-year increase offers retailers a more accurate metric, former Hudson's Bay Co. and Toys R Us CEO Jerry Storch said. Inflation of about 2% to 3% could help boost retail sales this year, he said.
H.E. Butt Grocery is buying Favor Delivery, an Austin-based service that delivers restaurant meals and groceries across Texas. Favor will initially continue to operate as a separate subsidiary, H-E-B executives said, even as they acknowledged the major role of grocery delivery in their business plans.
Amazon has released an updated version of its Alexa Skills Kit Developer Console; it's designed to improve developer workflow. The console has been broken down into four levels of app development: building, testing, launching and measuring.
ITS America has set up a Smart Infrastructure Task Force to discuss deploying new technology for safer transportation of people and goods. The task force will be led by Tina Quigley, general manager of the Regional Transportation Commission of Southern Nevada.
Oreo is hoping to entice consumers with its new augmented reality game, "The Great Oreo Cookie Quest." As with "Pokemon Go," the game uses object recognition technology to lead players on a mobile scavenger hunt to collect points, which they can enter to win a trip to Africa or California.
Wegmans, Publix and Nugget Markets have earned places in Fortune magazine's list of 100 Best Companies to Work For in 2018. All three grocers have managed to make the list, based on employee survey results, for at least nine years running.
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