It’s not often that you hear about a retail business that everyone thinks is about to file for protection under the US Bankruptcy code, but at the 11th hour sells $225 million in stock, allowing the company to operate outside of bankruptcy, at least for the time being. Surprising most of us, that is exactly […]
It’s not often in the consumer space that we hear about transactions where both the buyer and seller are publicly owned. However, one such transaction was announced last week, when the Korea-based business Naver indicated it had reached an agreement to purchase the U.S. based company Poshmark for $1.2 billion, subject to certain approvals. The […]
In the last few weeks, we’ve heard from several consumer products companies that after a strong start to 2022, retailers are delaying and cancelling orders scheduled for delivery in the second and third quarters of this year. It’s hardly surprising that consumers may be beginning to balk and that retailers are getting more conservative, as […]
In the last Weekly Consensus, our colleague Billy Busko wrote The Big Story about NFTs, retail and the metaverse. Continuing with that theme, one of this past week’s major headlines was the announcement that Microsoft is buying the gaming company Activision Blizzard. The almost $70 billion price tag is the largest ever all-cash purchase of […]
With the exception of the housing market, it seems we’ve lived in a relatively non-inflationary world for quite some time – until recently. There have been multiple stories in The Weekly Consensus and other news sources on the continuing supply chain delays and bottlenecks that all importers and distributors have faced in 2021, which have […]