Batten down the hatches, Cyber Week is dead ahead! In other notable stuff, an activist hedge fund that famously shook up GameStop is looking for changes at Pitney Bowes, while one FedEx contractor group dissolved as another came on the scene. We will not publish Hits of the Week Friday, and enjoy your Thanksgiving!

Multichannel Merchant
week of 11/23/22
Pitney Bowes Investor Looking for Changes
A hedge fund which made millions with its stake in GameStop before the struggling retailer became a Reddit-fueled stock phenomenon has invested in Pitney Bowes, believing its assets are undervalued, and suggesting its ecommerce unit could be sold. Hestia Capital may put forward a former Stamps.com executive as a director.
One FedEx Ground Contractor Group Disbands, Another Forms
After making a lot of noise this year with a list of grievances including poor management practices and bad peak season forecasting leading to the brink of insolvency for many, an association of FedEx Ground contractors has disbanded, taking a shot at the founder on the way out the door.
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Cyber Week, Here We Come
Sales expectations are somewhat muted based on a welter of surveys and experts, as well as most retail earnings, but Cyber Week is still kind of a big deal, extended season and early deals notwithstanding. There are, of course, no lack of consumer jitters due to nagging inflation, with study after study indicating some degree of hesitancy.
Gig Workers Change Considered by DOL
Last month, the Department of Labor proposed a change to the way it determines the classification of independent contractors. If it eventually becomes law, the rule change would have a lasting effect on the gig economy and gig workers. Kashyap Deorah, CEO of HyperTrack, talks about the balancing act in front of the DOL.
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