GameStop surges after board changes — the fate of the decade-long struggling stock rests on Ryan Cohen

이상혁 joins the game — GameStop’s stock surges. GameStop’s stock jumped nearly 100% after releasing holiday sales numbers and announcing a big change to its board: Sales fell 3.1% but digital sales increased 309% in the 9-week holiday period compared to last year. Added new board members including Ryan Cohen and two former Chewy executives….

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Poshmark — eBay meets social media of fashion — makes its IPO debut

Poshmark, the “eBay meets social media” of fashion, is expected to debut on the stock market on Jan. 14. Poshmark was popularized by: Thrifty Millennials and Gen-Zs, which made up 80% of users Growing awareness of the negative environmental impacts of clothing The social reselling experience Founded in 2011, Poshmark grew into one of the…

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China launches antitrust investigations into Alibaba — stock takes a big drop

How does your Christmas present stack up against Alibaba’s? On Dec. 23, the Chinese government sent Alibaba, the Chinese e-commerce giant, a holiday gift it really didn’t want — an antitrust investigation and a 13% drop in its stock price. This is the first investigation into a Chinese internet company for abusing its market dominance…

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Stitch Fix reports a surprise profit and soars 50% — could continue to benefit from two e-commerce trends

With Stitch Fix, you too can now have your own Ryan Gosling-esque personalized shopper. On Dec. 7, Stitch Fix, the company that reinvented the apparel shopping experience, reported earnings that surprised investors and sent its stock soaring nearly 50%. Net revenue of $443.4m — increase of 10% from a year ago. Surprise profit of 9 cents/share —…

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Chewy reports third quarter earnings — can the company maintain its growth into 2021?

Teaching your emotional support dog new tricks during COVID. On Dec. 8, 2020, Chewy, the largest US online seller of pet food and supply, released its third-quarter earnings results: Revenue of $1.78b — up 45% from the year before. 17.7m active customers — up 39.8% from the year before. Sit, Stay, Grow PetSmart purchased Chewy in 2017 for…

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Amazon’s next big move — disrupting the online pharmacy industry with Amazon Pharmacy

You better be scared when Amazon comes after your business. On Nov. 17, Amazon announced their entry into the pharmacy business with Amazon Pharmacy — officially letting consumers purchase prescription medication directly on Amazon. US pharmacy chains, CVS and Walgreens, fell over 8% while GoodRx, a prescription discount provider, fell over 20%. (Learn more: Current challenges…

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