Internet Retail Archives - Page 2 of 2

23 06, 2023

Overstock.com Wins Bed, Bath, and Beyond Bid, Jumps 22%: What Does it Mean for the Company?
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Overstock.com Wins Bed, Bath, and Beyond Bid, Jumps 22%: What Does it Mean for the Company?

Feature: Stock Market Investing, Featured: News, Stock Market News

Overstock.com Wins Bed, Bath, and Beyond Bid, Jumps 22%: What Does it Mean for the Company?

By VectorVest|2023-06-23T19:40:40+00:00June 23rd, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: Consumer Cyclical, Internet Retail, OSTK, Overstock.com|

According to a court filing yesterday, Overstock.com (OSTK) has won a bid to purchase the assets of failed home goods store Bed Bath & Beyond (BBBYQ). The latter declared Chapter 11 bankruptcy in April and is still set to close down its physical storefronts by July. Overstock.com spent $21.5 million to purchase the assets, [...]

20 06, 2023

Alibaba Plays Leadership Musical Chairs, Leading to 5% Drop: 3 Other Issues We See With This Stock
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Alibaba Plays Leadership Musical Chairs, Leading to 5% Drop: 3 Other Issues We See With This Stock

Feature: Stock Market Investing, Featured: News, Stock Market News

Alibaba Plays Leadership Musical Chairs, Leading to 5% Drop: 3 Other Issues We See With This Stock

By VectorVest|2023-06-20T20:44:29+00:00June 20th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: Alibaba, BABA, Consumer Cyclical, Internet Retail|

This morning Alibaba (BABA) announced that they are playing musical chairs with the leadership group, as existing members within the company are swapping roles. All of this comes as the company works towards its restructuring goal of splitting the businesses into 6 distinct groups. Long-standing CEO and chairman Daniel Zhang is going to transition [...]