GameStop appoints Chewy founder Ryan Cohen as chief executive
CBSN
GameStop has appointed Chewy founder Ryan Cohen as its CEO in a bid to overhaul its ailing business.
Cohen is the video game retailer's largest individual investor and serves as Chairman of its board. His appointment comes just two months after GameStop executives ousted their former CEO Matthew Furlong, who joined the retailer's executive ranks to oversee its turnaround two years ago.
GameStop, whose meme stock generated buzz on Wall Street, has struggled with poor sales and executive turnover as video game streaming and digital game downloads eat at its profits. The mostly brick-and-mortar chain also faces competition from online retailers, such as Amazon.
Married couples across the U.S. have had access to no-fault divorce for more than 50 years, an option many call crucial to supporting domestic abuse victims and key to preventing already crowded family courts from drowning in complicated divorce proceedings.
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A sonar image suspected of showing the remains of the plane of Amelia Earhart, the famed American aviator who disappeared over the Pacific in 1937, has turned out to be a rock formation.
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Walmart, the world's largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative activists.
The typical American retires far earlier than he or she expects to, and it's often not by choice, according to new research from the Transamerica Center for Retirement Studies.
Rapper Drake's company Frozen Moments filed a petition in a New York court Monday accusing the streaming service Spotify and Universal Music Group of conspiring to inflate the streams of Kendrick Lamar's hit diss track "Not Like Us."
President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
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President Biden and first lady Jill Biden will attend President-elect Donald Trump's inauguration on Jan. 20, the White House said Monday.
Starbucks said Monday that a ransomware attack on a third-party software provider is hindering its ability to track baristas' hours and manage their pay.