Hard times for retailers – JCPenney, Sears and Bebe are closing their stores

It is a pretty tough time to be in retail. After the bad news for JCPenney and Sears, another retailer Bebe Stores Inc announced the end of its long-time reign. Bebe – the newest victim Bebe said on Friday the company is going to close all its stores by the end of May. It happened … Continue reading “Hard times for retailers – JCPenney, Sears and Bebe are closing their stores”

How Elon Musk and Jeff Bezos left their all competitors behind

Even if you are not following news about Jeff Bezos, the Amazon CEO, and Elon Musk, the SpaceX and Tesla CEO, you probably noticed that in last two weeks there are much more buzz about their activity than usual. It seems like both men want to make us clear: they are the leading tech-related figures … Continue reading “How Elon Musk and Jeff Bezos left their all competitors behind”

Amazon has acquired a Middle East retailer that was valued around $1 billion

On 28th of March Amazon announced the plan to expand its activity in the Middle East. The e-commerce giant is buying the largest online retail platform in the Arab world, called Souq.com, which was valued around $1 billion. Souq.com reportedly attracts over 45 million visits per month and although Amazon today did not disclose the price … Continue reading “Amazon has acquired a Middle East retailer that was valued around $1 billion”

What is going on? Sears stock is up 50% in a week

After Sears Holdings stock went down in early 2017, two insiders last week started a massive buying of shares that lift up the company to the top. However, it is just a well-played stratagem that can trick stock traders. Since bottoming out at $7.60 two weeks ago, Sears Holdings shares are up nearly 50 per … Continue reading “What is going on? Sears stock is up 50% in a week”