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Showing posts from January, 2019

We went shopping at GameStop and saw why it's struggling in a new era for video games

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GameStop announced Tuesday that it is no longer looking to sell the company , a move initially made by the board of directors in June following some C-suite re-shuffling. After Tuesday's announcement, GameStop shares plummeted more than 27%. The gaming store has been suffering for some time now as its game software sales have continued to slip, according to Fortune. We recently visited a GameStop store, and while there were plenty of people shopping there, we saw how its business model could suffer in a new era of video gaming. GameStop announced in a press release on Tuesday that it is no longer looking to sell the company  due to a " lack of available financing on terms that would be commercially acceptable to a prospective acquiror." The announcement comes after the gaming store's board of directors initially began looking for potential buyers in June. Following Tuesday's announcement, GameStop's shares plummeted more than 27%.    The company ha...

Harley-Davidson is in an impossible position in the motorcycle business (HOG)

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Harley-Davidson is dominant in its core market, but its stock has declined significantly over the past five years and its facing declining motorcycle sales trends and an aging customer base. Harley-Davidson CEO Matt Levatich is making all the right moves to push growth, but he has a tough job ahead of him. Harley is a near-classic example of a solid, profitable old brand that's still incredibly successful, yet has a long period of slow decline ahead of it. The news around Harley-Davidson, America's most famous motorcycle manufacturer, looks bad.  In business for 116 years, Harley disappointed Wall Street this week when the company generated effectively no profit in the fourth quarter . That was due to Trump tariffs, which have hurt Harley in growth markets outside the US.  It was an ominous sign because while Harley has been under business pressure for years — its owner base is aging, and motorcycle sales in the key US market are in terminal decline — it has also be...

Apple's iconic glass cube in New York will re-open this year (AAPL)

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Apple's flagship New York store will reopen in the first half of this year, the CEO of Boston Properties, which owns the location, said. The store is often called the "cube" because the entrance is a clear glass cube.  The location closed in January 2017, and Apple is currently occupying a nearby store.  Apple's flagship New York retail store will reopen this year after over two years in a temporary location.  Apple's 5th Avenue store is sometimes called " the cube " because of its striking architecture. The entire store is underground; you enter through a glass cube staircase comprised of only a few panes of glass. When the store was open, it was a tourist attraction.  But the cube closed in January 2017, and Apple has been using a more traditional retail space nearby while renovations are done. John Powers, CEO of Boston Properties, which Apple leases the location from, said on Thursday that it will reopen "sometime in the first half of t...

The United Airlines app has a new feature that could be a game-changer for delayed travelers (UAL)

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United Airlines rolled a redesigned version of its smartphone app in January. The new app is designed to cater to frequent flyers and those who fly once or twice a year. One of the new features of the app provides detailed delay information to the traveler to allay anxiety.  In January, United Airlines rolled out a redesigned version of its smartphone app. The new app is designed to cater not only to the frequent flier but also to those who fly with United once a year, Linda Jojo, the airline's chief digital officer told Business Insider in a recent interview. Such consideration is crucial considering roughly 85% of the airline's customers fly with United once or less a year.  According to Jojo, the new app is keenly focused on transparency. More specifically, it's to help alleviate stress and anxiety by providing travelers with useful information without it becoming overwhelming.   Read more : We flew Aer Lingus from Dublin to New York to see if it's a hid...

Ben Affleck is finished playing Batman, and new details have emerged about the DC character's movie future

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Ben Affleck is not returning as Batman, Deadline reported on Wednesday. Affleck then seemed to confirm the report by tweeting it and saying he was "excited" to see director Matt Reeves' "vision come to life." Affleck's future as Batman has been in question for over a year, and Reeves reportedly wants a younger version of the character. Affleck's departure is part of a shift in strategy for Warner Bros.' DC Comics movies. Ben Affleck is hanging up the cape and cowl.  The next standalone movie starring the Caped Crusader, tentatively titled "The Batman," hits theaters on June 25, 2021, but Affleck will not be along for the ride, Deadline reported on Wednesday. Affleck tweeted Deadline's report that evening, and said he was "excited" for "The Batman" and to see director Matt Reeves' "vision come to life." A representative for Affleck did not immediately return Business Insider's request for...