In today’s top retail news, StockX wrapped up financing that gave the company a $3.8 billion valuation, while The Buckle, Inc. reported a 240.2 percent net sales jump. Plus, Ryan Cohen has been nominated to become GameStop’s next chairman.
StockX has concluded financing that provided the firm with a $3.8 billion valuation. The online marketplace wrapped up a $195 million secondary tender offering along with an additional $60 million in Series E-1 primary shares. StockX connects buyers and suppliers of consumer goods via dynamic pricing mechanics. Its platform highlights hundreds of brands like Nike, Supreme and Gucci.
The Buckle, Inc. reported that net sales soared by 240.2 percent for the five-week fiscal month that concluded on April 3, 2021 from the month that concluded on April 4, 2020. Moreover, the mid-priced casual retail chain said that net sales climbed by 69.5 percent from net sales of $82.3 million for the five-week fiscal month that wrapped up on April 6, 2019. The Buckle sells apparel, accessories and footwear.
Billionaire investor and Chewy Co-founder Ryan Cohen has gone from major GameStop investor to special consultant to board member to presently being nominated to become the retailer’s next chairman in a matter of only four months. Cohen’s nomination – along with five other directors – seemed to be welcome news to investors.
The quick expansion of a six-month-old digital fitness platform that rolled out in the depths of the pandemic is garnering the attention of consumers and backers, who are eager to be a part of what might be the next big thing. In March alone, users signed up for 8,000 classes, according to Moxie Founder Jason Goldberg.
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