GameStop’s shares soared more than 20 percent on a report that its largest individual shareholder is hatching a plan to go head-to-head with Amazon.
Shares of the Grapevine, Texas video-game retailer surged as Ryan Cohen — the founder of Chewy.com — disclosed in a government filing on Monday that he has had conversations with senior management and several board members about becoming more involved in the company, according to the filing.
Cohen took nearly a 10 percent stake in GameStop on Aug. 31, sending its shares up by more than 27 percent. Chewy.com was scooped up in 2017 for $3.35 billion by PetSmart.
Source: NY Post
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 
