Hindenburg Research said Thursday (Jan. 2) that it has taken a short position in shares of online car dealer Carvana, alleging a “father-son accounting grift” at the firm. In a report posted Thursday, Hindenburg said that Carvana’s turnaround is a “mirage,” that the company engaged...
Online ticketing marketplace Vivid Seats is reportedly exploring a sale after getting some takeover interest. The company, which competes with the likes of SeatGeek and StubHub, is working with an advisor to determine the interest of potential buyers, including private equity firms, Bloomberg News reported Monday (Dec. 30), citing sources familiar with...
For outdoor event-goers, weather can be both a blessing and a curse. While a sunny day can make for a perfect concert or festival, the prospect of rain or extreme heat can leave ticket-holders second-guessing their purchases. Enter Sensible Weather, a provider of weather-related protection...
The age of COVID-initiated supply shortages at car dealers is over. And that’s placed pressure on carmakers and dealers to price their unsold wares more aggressively, The Wall Street Journal (WSJ) reported Sunday (Dec. 29). During this month’s hectic shopping season, car buyers got —...
Big Lots has struck a deal to keep hundreds of stores from shuttering. The bankrupt discount retailer announced Friday (Dec. 27) that it had agreed to sell itself to Gordon Brothers Retail Partners, a capital markets company that will transfer Big Lots’ stores, distribution centers...
While holiday spending may have filled merchants’ coffers, the challenge will be to keep consumer momentum going at the registers, particularly at brick-and-mortar stores. The PYMNTS Intelligence report “2024 Global Digital Shopping Index: U.S. Edition,” created in collaboration with Visa Acceptance Solutions, found that about...
As 2024 comes to a close, the retail sector remains defined by the intense rivalry between Amazon and Walmart. Over the course of the year, these industry titans fiercely competed for consumer loyalty, market dominance and innovation leadership. Here’s a recap of the major moments...
Boxing Day appears to be a muted affair for Great Britain’s merchants and shopping centers. Morning footfall on U.K. high streets was down 10.1% compared to last year, with shopping center traffic down 6.1%, the BBC reported Thursday (Dec. 26), citing data from MRI Software....
There’s good news and bad news for online retailers this year. The good is consumers are expected to spend almost $241 billion on eCommerce purchases during the holiday season, the Financial Times (FT) reported Thursday (Dec. 26), citing data from Adobe Analytics. The bad news?...
