GameStop, Microsoft partnership sends games retailer’s shares up 44%

  • GameStop shares rose 44% on Thursday after it announced a multiyear partnership with Microsoft.
  • GameStop will begin selling an “Xbox All Access” bundle stores, with an Xbox console and two-year digital subscription at no upfront cost.
  • It will roll out the use of Microsoft Dynamics 365, Teams, and Surface devices in its stores and offices, it said.
  • GameStop will also upgrade its e-commerce site as part of the partnership.
  • Visit Business Insider’s homepage for more stories.

GameStop on Thursday announced a multiyear partnership with Microsoft to upgrade its stores and offer a new Xbox console package for no up-front cost — sending its shares rocketing by 44%.

As part of the partnership, the world’s biggest video games retailer said it would offer buyers an “Xbox All Access” bundle, for zero upfront cost, that includes an Xbox console and a two-year digital subscription to Xbox Game Pass Ultimate, Microsoft’s “Netflix of

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Nigerian informal retailers turn tech-savvy to stock up amid pandemic

LAGOS/ABUJA (Reuters) – When the coronavirus outbreak forced shops to close in Nigeria’s commercial capital Lagos, kiosk store owner Funmilayo Akinola weighed up her safety against the need to make a living.

After deciding that she couldn’t afford to stop working, she faced the challenge of replenishing her stock as the pandemic has made it harder for informal traders to buy wholesale goods due to safety measures disrupting supply chains.

The answer lay in a logistics firm that provides an online marketplace where manufacturers and retailers connect.

Lagos-based Trade Depot delivered goods that she bought using the company’s app.

“(Without Trade Depot) I would have just locked up my shop, because my husband will not allow me to go inside the market to go and be hustling for goods,” said Akinola.

She now uses her phone to order stock delivered by vans or tuk tuks

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Xbox Series X And S Preorder Guide: All Major Retailers, Console Details, And More

Two new Xbox consoles are launching next month, and retailers are currently sold out of preorders for both the Xbox Series X and Xbox Series S. The Series X and Series S release November 10 for $500 and $300, respectively, and as of now, it’s proving to be quite challenging to secure either.

Where to preorder the Xbox Series X and Series S

Xbox Series X and Series S preorders were sold out at all major retailers as of our last update. Xbox preorder listings went live at Target, Walmart, Microsoft, GameStop, and other stores on September 22 but sold out as fast as they appeared. You can check the main store listings below in case of availability. In a recent tweet, Xbox urged its followers to sign up with retailers for stock updates and said more consoles will be available on release day.

Preorder Xbox Series X:

Preorder

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A Mixed Bag For Retailers

Alexa, when is Amazon Prime Day? We finally got the answer this week, as Amazon announced its annual “Prime Day” sales event will kick off at midnight Pacific Time on Tuesday, October 13, and run through Wednesday, October 14. Prime Day came to life on July 15, 2015, as a way to celebrate Amazon’s 20th birthday, offering deep discounts to Prime members across a wide variety of categories. Each year, the event has grown larger. In 2019, Prime members worldwide purchased more than 175 million items, resulting in sales that surpassed Black Friday and Cyber Monday combined. Amazon’s own Echo and Fire branded products have typically been the bestselling products, often enticing customers to purchase Amazon Prime memberships.

Historically, the annual

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Retailers Are Shutting Down Physical Stores to Focus on Digital Sales

The fashion retailer H&M  (HNNMY)  is shutting down its brick and mortar stores to focus more on its digital business.

On Thursday, the company announced that it is shutting down 250 stores next year as more people are shopping online.

“More and more customers started shopping online during the pandemic, and they are making it clear that they value a convenient and inspiring experience in which stores and online interact and strengthen each other,” H&M said in a statement. “We are increasing digital investments, accelerating store consolidation and making the channels further integrated.”

Retailers shutting down stores due to the increase in online shopping, especially during this ongoing coronavirus pandemic is not a new news.

On September 9, American Eagle Outfitters  (AEO) – Get Report said that it is closing 40 to 50 stores this year. Also, Video game retailer GameStop said it is shutting down

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3 Ways Retailers Can Win the 2020 Holiday Season

Like everything else in the Covid-19 world, holiday shopping in 2020 will be unlike anything you’ve ever seen.

Global online sales are expected to grow 30 percent to $940 billion year over year this holiday season–up from 8 percent growth in 2019–which could help retailers make up for lost revenue during the pandemic. That’s according to Salesforce’s 2020 Holiday Forecast, a report that parsed online shopping activity of more than one billion consumers.

For retailers angling to generate as many sales as possible this holiday season, you have to be willing to possibly deploy new strategies, according to Rob Garf, vice president of industry strategy and insights at Salesforce. “Businesses that succeed during the holidays will use everything at their disposal to make shopping easy and safe, including convenient digital ordering, creative and effective fulfillment, and responsive customer service,” said Garf, during a virtual press briefing to discuss the forecast 

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Amazon launches new tech for brick-and-mortar retailers

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Amazon on Tuesday announced new biometric technology that lets shoppers pay at physical stores by using their palms, its latest effort to develop a business from licensing tech to brick-and-mortar rivals.

The technology, called Amazon One, has shoppers pay at stores by putting the palm of one’s hand over a scanner when they come in or leave. To use this tech, customers must first register by inserting a payment card into a reader—one time only. Customers at the two cashier-less Amazon Go stores near the company’s Seattle headquarters can begin using Amazon One starting Tuesday, with the rest of the Amazon Go fleet coming on later.

But Amazon’s ambitions for the tech go well beyond its own still modestly sized store fleet: The company is hoping to license

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Interface Security Systems Helps Retailers and Restaurants Enforce Social Distancing and Mask Policies Through Interactive Remote Video Monitoring

Voice down services help reduce pressure on associates to enforce new health and safety mandates during the health crisis

Interactive remote video monitoring service with automated voice-down helps retailers and restaurants promote social distancing and mask-wearing guidelines
Interactive remote video monitoring service with automated voice-down helps retailers and restaurants promote social distancing and mask-wearing guidelines
Interactive remote video monitoring service with automated voice-down helps retailers and restaurants promote social distancing and mask-wearing guidelines

Earth City, MO, Sept. 22, 2020 (GLOBE NEWSWIRE) — Interface Security Systems, a leading managed service provider delivering business security, managed network, and business intelligence solutions to distributed enterprises, today announced it is now offering interactive remote video monitoring service with automated voice-down options to help its retail and restaurant customers promote social distancing and mask-wearing guidelines on their premises. 

 

A growing number of retailers and restaurants are reporting increased incidents of agitated customers and in-store violence during this health crisis. The physical distancing measures introduced in stores and restaurants, limits on the number

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Best Apple Watch bands to buy from reputable tech retailers

Earlier this month, Apple introduced the Apple Watch 6, the company’s latest version of its popular smartwatch, as well as an upgraded model of its iPad device. As NBC News Shopping previously reported, the Apple Watch 6 sports three standout upgrades:

  1. A 20-second timer to help encourage customers to comply with CDC’s coronavirus guidance regarding washing their hands for at least 20 seconds to help reduce the spread of Covid-19.

  2. It sports technology that helps measure your blood oxygen levels and claims to have improved how the new gadget will monitor your sleep. Of course, as with all health-related matters, your best bet is to consult with your board-certified medical doctor on the effect of any device.

  3. Jeff Williams, Apple’s chief operating officer, also noted the new model is more eco-conscious since it has removed the USB power adapter that usually accompanies new devices.

After you decide which of

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