Retail Sector
7 stories related to this topic, newest first.
techcentral.co.zaGameStop Pursues $56 Billion eBay Acquisition as Burry Sells Stake
Investor Michael Burry has sold his entire stake in GameStop Corp. following reports of the retailer's $56 billion cash-and-stock bid for eBay Inc. Burry cited concerns over debt in a Substack post, marking his first stock sale since launching his newsletter. GameStop CEO Ryan Co…
news24.comGameStop Submits $56 Billion Unsolicited Bid for eBay
GameStop has submitted an unsolicited proposal to acquire eBay for approximately $56 billion, aiming to position it as a stronger competitor to Amazon. The offer includes half cash and half stock, backed by a $20 billion financing commitment from TD Bank. eBay's board will review…
Billy McCrorie / Wikimedia (CC BY-SA 2.0)GameStop Builds Stake in eBay, WSJ Reports
GameStop is preparing an offer for eBay as CEO Ryan Cohen seeks to increase the videogame retailer's market value more than tenfold. eBay shares rose about 10% in extended trading following the report. GameStop has been building a stake in eBay ahead of a potential bid that could…
Businesses Add Separate Fees to Offset Costs While Keeping Base Prices Unchanged
Businesses in multiple sectors are adding separate line items for price increases, labeled as surcharges or fees. This allows them to pass on costs without changing base prices. Forbes reported the trend affects restaurants, hotels, airlines, and retailers.
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Shoe Zone Expects £1m-£2m Pre-Tax Loss as Shares Fall 22% to Five-Year Low
High street retailer Shoe Zone has warned of an annual pre-tax loss, citing the Middle East conflict and recent Budgets as factors increasing customer caution and costs. Shares in the company dropped 22% in morning trading on Wednesday to their lowest level in more than five year…
MarketWatchEuropean Leaders and Retailers Respond to Energy Spikes from Iran War
A Czech official urged the EU to ease environmental regulations amid energy price surges from the Iran war. A major European retailer warned of economic impacts, reporting profit declines and monitoring consumer spending. These developments highlight broader concerns over the war…
under30ceo.comMicron Stock Declines Despite Strong Earnings; Ulta Beauty and Oracle Report Mixed Results
Micron Technology's stock fell 15% over four days despite revenue nearly tripling in its latest quarter. Ulta Beauty shares dropped after fourth-quarter earnings beat revenue estimates but missed on per-share profits, with 2026 guidance issued. Oracle's stock rose 10% following a…