Shares of videogame retailer GameStop Corp slumped on Monday, losing ground along with a slew of other social media-hyped stocks that took investors on a wild ride earlier this month.
With temperatures dipping close to the -50 level thanks to the wind chill in Winnipeg, CAA drivers are out in full force helping those who are stranded.
GEODIS Appointed USFIA Customs Broker Partner for Sixth Consecutive Year As part of the longstanding partnership, GEODIS will offer timely, critical information and training related to customs and logistics issues for global brands and retailers to succeed today
February 08, 2021 12:46 ET | Source: GEODIS GEODIS
NASHVILLE, Tenn., Feb. 08, 2021 (GLOBE NEWSWIRE) GEODIS, a leading global supply chain operator, has been appointed as the Customs Broker Partner for the United States Fashion Industry Association (USFIA) for 2021. Marking the sixth consecutive year as USFIA Customs Broker Partner, GEODIS will work collaboratively with the organization to deliver timely information and training to global brands and retailers related to customs and logistics issues to help advance the industry forward.
The recent volatility in the price of GameStop and other stocks has been characterized rightly or wrongly as an unprecedented populist revolt by small-time traders against big hedge funds. While the offensive by users of the Reddit forum WallStreetBets against the short positions of institutional traders made for a dramatic two weeks on Wall Street, the episode wasn’t the first, or even the most remarkable, David vs. Goliath battle to animate the stock exchange. Nearly a century before, in 1923, a Southern businessman named Clarence Saunders tried to orchestrate an epic short squeeze on well-pedigreed traders all by himself. The gambit was both spectacular and disastrous, ending when the New York Stock Exchange sided with short sellers and changed the rules on him. In a short span, Saunders who would come to be known as “the boob from Tennessee” went from being feted as the conqueror of Wall Street to being bankrupt and unemployed.
The shop of the future will feature online concierge services and allow customers to buy on the web and collect in-store. Retail will work in a whole new way. Are jewelry retailers prepared for this shift?
The key is to listen and respond to what the public wants, according to panelists on.