Box shares jumped 12.3% Wednesday, the day after activist hedge fund Starboard Value unveiled a 7.5% stake in the file-storage and sharing company. Starboard is known for turning around Olive Garden’s parent Darden Restaurants, after winning control of the company’s board. In tech Starboard mounted an activist campaign against AOL, prompting the online company to sell a portfolio of patents to...
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The Not-Amazons: Wish, Poshmark and the Race for Retail’s Soul
To say 2020 has thrown retail shopping into upheaval would be a gross understatement. HP Inc. provided the latest reminder this week when it disclosed an 18% jump in unit sales of its consumer printers, an almost retro device that, along with e-bikes, virtual reality headsets and food delivery, people have discovered they want to have while stuck at home during the pandemic. More so than in...
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