GameStop is set to report its quarterly results after the bell on Wednesday, with a cult following of individual investors looking for progress in turning around the struggling videogame retailer following its recent share price surge. GameStop s volatile shares have risen over 80% in the past month, and they are now just 15% below their closing high in January. That was when a massive rally driven by investors on Reddit s wallstreetbets trading forum made the stock the most traded on the U.S. market for several days. A recent surge in AMC Entertainment Holdings has attracted increasing amounts of attention from individual investors and commenters on wallstreetbets, but GameStop remains one of the most discussed stocks on the forum.
Talk of a US-Taiwan trade deal has provoked Beijing's ire. China sees democratic Taiwan as part of its territory and comes out strongly against other countries treating the island as an independent nation.
The EU said Wednesday it was time for the US to make concrete commitments towards ending transatlantic trade tensions, days ahead of a visit by President Joe Biden to Brussels.
Partnerize
Partnerize delivers the software platform and expert service that help the world’s leading brands create operating leverage by turning their partnership channels into profit centers.
The Partnership Channel Proves A Vital Mechanism for Helping Marketers Reach Goals
Marketers who fully embrace partnership laud the channel for its efficacy, yet for some others, limited transparency within partnership arrangements has made it difficult to judge the true effectiveness of these programs.
This problem of accountability has been further compounded by a lack of data regarding how partnership programs perform when compared across different organisation. This has made it difficult for marketers to benchmark their programs and learn whether they were maximising their return on investment.
Courtesy of Shipium
Shipium creates decision-making software to help retailers fight back against Amazon s speed.
Cofounder Jason Murray spent 19 years building Amazon s e-commerce supply chain.
Shipium has raised $8 million to expand its reach among legacy retailers like Macy s.
While most traditional retailers know e-commerce is essential and are working on improving their execution they re still not making much money through online sales. The pressure to deliver fast eats into profits. Package carriers like UPS and FedEx continuously upping what they charge isn t helping.
Nordstrom, Kohl s, Stitch Fix, Macy s … nearly every retailer has bemoaned the hit to margins the shift to e-commerce has delivered in the last few months. What they need, according to the cofounders of Seattle startup Shipium, is a couple of decades experience at Amazon which happens to be just what Shipium is selling.