Business News – 06-09-2021

Gamestop sales have grown 25% as the company grows in e-commerce

  • Sales for electronic retail company Gamestop have risen 25% during the first fiscal quarter as the company shifts focus to e commerce
  • Amazon executive Matt Furlong has become the new CEO of Gamestop

Kepler raises $60 million towards in space data communication network expansions

  • A new start-up named Kepler Communications is building a satellite internet network for service outside of the Earth and has raised a total of $60 million in this round of funding
  • Kepler Communications will be working on putting a little over 200 satellites into orbit in order to get its network fully operational by 2023

Best Buy to close Thanksgiving day and offer Black Friday deals online instead

  • For the second year in a row, Best Buy has reported that they will be closed Thanksgiving Day 
  • Along with Target and Walmart, best Buy is closing their stores for the national holiday

RH tops earnings as retail rebound helps high-end home goods Vendor 

  • RH’s  1st quarter profit and sales beat analysts’ estimates, as the high-end furniture chain saw continued strong demand for its sofas, rugs, lighting and other home décor
  • RH  has given a stronger-than-expected sales forecast for the second quarter
  • CEO Gary Friedman said that a strong housing and renovation market, a record stock market, low interest rates, and the reopening of the U.S. economy all bode well for the company

By K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.