(Joe Hoft) The economic numbers for the Biden economy are coming and they are terrible.
Retail
SUPPLY CHAIN PAIN: Shoppers See Record Number of Out-of-Stock Messages as They Scan Retail Websites
(Matthew Davis) The slowdowns caused by the ongoing global supply chain crisis are putting retailers in a crunch to keep their shelves fully stocked as shoppers rush into the stores and onto websites to secure presents for loved ones. However, shoppers are finding a record number of out-of-stock messages as they scan retail websites.
California Requires Large Retail Stores To Have Gender Neutral Toy Sections
(Natalia Mittelstadt) California is the first state to enact a law that will require large retail stores to have gender neutral toy sections, after Gov. Gavin Newsom signed the bill this weekend.
Worsening Shipping Crisis Will Affect Retail Supply Lines and Shopping for Holidays
(Mary Villareal) The world’s network of ports, container vessels, and trucking companies that allow goods to move globally has been tangled due to the pandemic, and the cost of shipping is skyrocketing.
The GameStop Saga: The Retail Investors Strike Back
(William Sullivan) Hedge fund managers are currently learning a lesson the hard way. As reported by Reuters, hedge fund Melvin Capital Management “suffered heavy losses by betting against video game retailer GameStop.”