Skip to main content

eCommerce Daily News

April 15, 2024

UPDATE 1-Italy's Prysmian to buy Encore Wire in $4.2 bln deal

Source: yahoo_sg

Italian cable company Prysmian has announced a $4.2 billion deal to acquire US firm Encore Wire, strengthening its presence in the North American market and increasing profits. The acquisition is expected to generate annual synergies of 140 million euros and will be financed through a mix of cash and debt. Prysmian is focused on organic growth but also sees potential for M&A opportunities.

Cable maker Prysmian to buy Encore Wire for $4.6 billion

Source: investing_ng
News Image

The website has a security service in place to prevent online attacks. If you triggered the security solution, you can contact the site owner with details and the Cloudflare Ray ID at the bottom of the page.

Cable maker Prysmian to buy Encore Wire for $4.6 billion

Source: investing_au
News Image

The website has a security service in place to prevent online attacks. If you triggered the security solution, you can contact the site owner with details and the Cloudflare Ray ID at the bottom of the page.

Cable maker Prysmian to buy Encore Wire for $4.6 billion

Source: investing_ca
News Image

The website has a security service in place to prevent online attacks. If you triggered the security solution, you can contact the site owner with details and the Cloudflare Ray ID at the bottom of the page.

Cable maker Prysmian to buy Encore Wire for $4.6 billion

Source: investing_ph
News Image

The website has a security service in place to prevent online attacks. If you triggered the security solution, you can contact the site owner with details and the Cloudflare Ray ID at the bottom of the page.

Cable maker Prysmian to buy Encore Wire for $4.6 billion

Source: investing_uk
News Image

The website has a security service to prevent online attacks. Your recent action triggered it, possibly due to certain words or data. Contact the site owner with details and the Cloudflare Ray ID for assistance.

Encore Wire to Be Acquired by Prysmian for $290.00 Per Share in Cash

Source: investing_ng
News Image

The website has a security service in place to prevent online attacks. If you triggered the security solution, you can contact the site owner with details and the Cloudflare Ray ID at the bottom of the page.

Encore Wire to Be Acquired by Prysmian for $290.00 Per Share in Cash

Source: investing_ca
News Image

The website has a security service to prevent online attacks. Your recent action triggered it, possibly due to certain words or data. Contact the site owner with details and the Cloudflare Ray ID for assistance.

Encore Wire to Be Acquired by Prysmian for $290.00 Per Share in Cash

Source: investing_au
News Image

The website has a security service in place to prevent online attacks. If you triggered the security solution, you can contact the site owner with details and the Cloudflare Ray ID at the bottom of the page.

Encore Wire to Be Acquired by Prysmian for $290.00 Per Share in Cash

Source: investing_ph
News Image

The website has a security service in place to prevent online attacks. If you triggered the security solution, you can contact the site owner with details and the Cloudflare Ray ID at the bottom of the page.

April 14, 2024

Beloved fitness brand set to shutter store in major US city in ‘unfortunate’ decision only weeks after Amazon closure

Source: thesun
News Image

Lululemon Athletica has closed one of its stores in Seattle's Pacific Place mall due to decreased foot traffic caused by the pandemic. The exact reason for the closure is unknown, but the brand still has other locations in the area. This adds to the trend of major retailers leaving the city, including Amazon Fresh's closure of its Capitol Hill grocery store. The closure resulted in liquidation sales of up to 75% off, as Amazon shifts focus towards larger-format stores. The U.S. Sun has covered this closure and other major brand closures in the city, including the recently closed Steinway & Sons store.

SoFi: Disconnect With Big 2026 Targets

Source: seekingalpha
News Image

SoFi Technologies is a profitable fintech company with strong growth potential, but its stock price remains low due to market fixation on GAAP profits. The recent convertible debt offering was a smart move to save on interest expenses, but the stock has not recovered. SoFi has set ambitious financial targets for 2026 and expects strong growth in 2023, with potential for expansion in the student debt and mortgage markets. The market has not fully recognized the company's growth potential, making it an undervalued investment opportunity. Joining the Out Fox The Street service can provide access to a model portfolio and resources for finding undervalued stocks.

SoFi: Disconnect With Big 2026 Targets

Source: seekingalpha

SoFi Technologies is a profitable fintech company with strong growth potential, but its stock price remains low due to market fixation on GAAP profits. The recent convertible debt offering was a smart move to save on interest expenses, but the stock has not recovered. SoFi has set ambitious financial targets for 2026 and plans to launch new products and expand into new markets. Despite this, the stock is undervalued and presents a good investment opportunity, with access to a model portfolio and other resources through the Out Fox The Street service.

RBZ cuts policy rate by 1333 bps, targets 2-5 pc USD inflation annually

Source: businessweeklyzw
News Image

The Reserve Bank of Zimbabwe has lowered the key policy rate to 130 percent due to a decrease in inflation. This may impact borrowing costs and investment decisions. The bank has also implemented a Medium-Term Bank Accommodation facility with lower interest rates to address the negative effects of high rates on economic growth. The new Monetary Policy Framework aims to keep inflation below 1% monthly and between 2-5% annually. The policy rate will remain at 130% until December 2023 to support fiscal measures for stability. The government has also taken steps to stabilize inflation and exchange rate volatility, resulting in continued tight monetary and fiscal policies.

‘Listen to customer feedback’ fumes Sam’s Club member as chain announces new vendor – but fans want to ‘shop in peace’

Source: thesun
News Image

Sam's Club has partnered with T-Mobile to offer discounted phone plans and devices to members. T-Mobile stations will also be added to Sam's Club stores. The partnership was made to benefit customers and aligns with the companies' focus on quality. However, some members are unhappy with the addition of T-Mobile salespeople in stores. Sam's Club has been contacted for comment. The U.S. Sun also reports on members' disappointment over a discontinued food item and potential changes to self-checkout policies at Sam's Club.

Unveil Your True Self: Shapellx Announces Launch of New INNER ARMOR Shapewear Collection

Source: benzinga

Shapellx, a women's shapewear brand, is launching its new INNER ARMOR collection on April 17. The collection offers discounts during the pre-sale event from April 14-16 with the code INNERARMOR. It aims to empower women and boost confidence with a fusion of aesthetic appeal and practical functionality. The collection features high-shaping fabric, adjustable straps, and a thong design for a flattering appearance. The INNER ARMOR X Comfy Sculpting Bodysuit offers comfort and practicality with adjustable straps, antibacterial fabric, and effective chest support. Shapellx is a leading brand in sustainable shapewear, providing high-quality and stylish solutions for women to feel confident in their curves.

Billionaire Dan Loeb Sold Amazon and Microsoft but Bought This "Magnificent Seven" Stock

Source: yahoo

Billionaire investor Dan Loeb sold some shares in Amazon and Microsoft, but also bought a new stock called the "Magnificent Seven." He is known for his success in investing and founded Third Point hedge fund. In 2023, he reduced his stake in Microsoft by 9.4% and sold some shares in Amazon, but still holds them as top holdings. He also increased his stake in Meta Platforms, which has seen significant earnings growth. The Motley Fool Stock Advisor team has identified these three companies as top investments, and Loeb's decision to trim his positions may have been to avoid an overly concentrated portfolio. The Motley Fool has a track record of success and recommends options for Microsoft, with one of their analysts holding positions in Amazon, Meta Platforms, and Microsoft.

Billionaire Dan Loeb Sold Amazon and Microsoft but Bought This "Magnificent Seven" Stock

Source: fool
News Image

Hedge fund manager Dan Loeb reduced his stakes in Amazon and Microsoft in Q4 2023, but increased the fund's stake in Meta Platforms, citing the company's strong earnings and potential for future success. This decision has paid off, with Meta's earnings more than tripling and profits jumping 69%. Loeb's moves were likely influenced by market trends and partnerships, and in the long term, all three companies are predicted to continue their success in AI and cloud technology.

‘Robot revolution is beginning’ fumes Walmart shopper after brand makes major ‘productivity’ change months after Amazon

Source: thesun
News Image

Walmart has adopted advanced technology, such as autonomous forklifts and drone delivery, in their distribution warehouses to improve efficiency and stay ahead of competitors like Amazon. Customers are impressed by these futuristic operations, but there have been some complaints about noise from the drone delivery. Walmart has also made changes to their self-checkout and offers a membership program.

‘It was inevitable’ cries Best Buy fan as chain set to close 15 stores this year and CEO confirms new strategy

Source: thesun
News Image

Best Buy is closing 15 stores and opening smaller locations in certain markets as part of a new strategy to improve efficiency. This decision is seen as a response to changing consumer habits, product innovation, inflation, and supply chain challenges. Other major retailers are also closing stores due to declining mall traffic and financial struggles.