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"Retail" Newsletter

by mishraka

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News & information about retail industry
GameStop climbs another 16% as Reddit investors push stock to new highs
MARKETS INSIDER – Will Daniel – Jan 26, 12:24 PM

GameStop soared 16% in premarket trading on Tuesday as retail traders continue to defy short-sellers. Short-sellers have amassed a mark-to-market loss of $4.2 billion in the stock year to date. Still, GameStop's short interest has increased by 1.4…

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L'Occitane files for bankruptcy; to reduce store footprint
Chain Store Age – Jan 26

Get great content like this right in your inbox. The U.S. arm of L'Occitane en Provence has filed for Chapter 11 bankruptcy protection as it looks to cut costs and reduce its store portfolio amid pandemic-related business disruption. The beauty and…

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With ridership nosediving, airlines are trying to become DTC food brands
Modern Retail – Jan 25, 9:00 PM

These efforts won't go far in recouping the billions of dollars in losses that airlines are staring down. In 2020, U.S. domestic ridership fell a gutting 51% compared to 2019. American Airlines, for one, estimated that the wine club subscription…

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ASG Technologies Resources
ASG Technologies

Digital transformation has become a buzzword – but what does it really mean to your organization? This podcast dives into the unique angles of digital transformation – the human side; the industry specifics; the pros and cons; the…

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