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  • 2024
  • Working Paper

The Retail Habitat

By: Toomas Laarits and Marco Sammon
Retail investors trade hard-to-value stocks. Controlling for size, stocks with a high share of retail-initiated trades are composed of more intangible capital, have longer duration cash-flows and a higher likelihood of being mispriced. Consistent with retail-heavy... View Details
Keywords: Retail; Retail Trade; Intangible Capital; Mispricing; Investment; Valuation; Business Earnings
Related
  • November 1990
  • Article

Manufacturer Trade Deals and Retail Price Promotions

By: R. Lal
Keywords: Trade; Sales; Price
Related
  • July 1998
  • Article

Price Promotions and Trade Deals with Multiproduct Retailers

By: R. Lal and Miguel Villas-Boas
Keywords: Price; Trade; Product; Sales
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  • 2022
  • Working Paper

Retail Investors’ Contrarian Behavior Around News, Attention, and the Momentum Effect

By: Cheng (Patrick) Luo, Enrichetta Ravina, Marco Sammon and Luis M. Viceira
Using a large panel of U.S. brokerage accounts trades and positions, we show that a large fraction of retail investors trade as contrarians after large earnings surprises, especially for loser stocks, and that such contrarian trading contributes to post earnings... View Details
Keywords: Retail Investors; Post Earnings Announcement Drift; Price Momentum; Behavioral Finance; Investment; Demographics
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  • March 2025 (Revised April 2025)
  • Case

WallStreetBets: Democratizing Retail Investing

By: Joseph Pacelli and Alexis Lefort
In summer 2024, Jaime Rogozinski anticipated the launch of a day-trading eSports event, a vision he had nurtured for years. Rogozinski, the founder of the influential subreddit WallStreetBets (WSB), created the forum in 2012 as a space for retail traders to explore... View Details
Keywords: Investment; Emerging Markets; Market Participation; Financial Strategy; Lawsuits and Litigation; Financial Services Industry; United States
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  • 18 Apr 2005
  • Research & Ideas

Prosper with Multi-Channel Retailing

For decades, major retailers offered customers only two methods of purchasing: directly at the store or from catalogs sent through the mail. With the advent of the Internet, retail companies that offered... View Details
Keywords: by Julie Jette; Retail; Retail
  • 14 Aug 2014
  • News

E-Commerce Is Not Eating Retail

Keywords: e-commerce; bricks and mortar stores; retail industry; sales strategy; Miscellaneous Store Retailers; Miscellaneous Store Retailers
  • 2020
  • Working Paper

Tariff Passthrough at the Border and at the Store: Evidence from U.S. Trade Policy

By: Alberto Cavallo, Gita Gopinath, Brent Neiman and Jenny Tang
We use micro data collected at the border and the store to characterize the price impact of recent US trade policy on importers, exporters, and consumers. At the border, import tariff passthrough is much higher than exchange rate passthrough. Chinese exporters did not... View Details
Keywords: Trade Policy; Tariffs; Exchange Rate Passthrough; Economics; Trade; Policy; Inflation and Deflation; United States; China
Related
  • Article

Tariff Passthrough at the Border and at the Store: Evidence from U.S. Trade Policy

By: Alberto Cavallo, Gita Gopinath, Brent Neiman and Jenny Tang
We use micro data collected at the border and the store to characterize the price impact of recent US trade policy on importers, exporters, and consumers. At the border, import tariff passthrough is much higher than exchange rate passthrough. Chinese exporters did not... View Details
Keywords: Trade Policy; Tariffs; Exchange Rate Passthrough; Economics; Trade; Policy; Currency Exchange Rate; Price; United States
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  • June 1993 (Revised September 1993)
  • Case

Retail in Mexico 1993

By: David B. Yoffie and Charles McHugh LaFollette
In the wake of NAFTA, U.S. retail firms begin to see Mexico as an attractive market for international expansion. This case examines the structure of Mexico's volume retail (grocery, discount, warehouse club, hypermarket) industry, the joint ventures between U.S. and... View Details
Keywords: Expansion; Global Strategy; Joint Ventures; Industry Structures; Trade; Retail Industry; United States; Mexico
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  • 2019
  • Working Paper

Southern Responses to Gold Certification: Cooperate, Compete, Reject, Revise

By: Kristin Sippl
Artisanal gold mining is a Southern subsistence livelihood posing both challenges and opportunities for sustainable development. In 2011, Fairtrade International launched a certification program to address sustainability problems in the sector. Southern activists,... View Details
Keywords: Eco-labeling; Extractive Industries; Emerging Economies; Fair Trade; Environmental Sustainability; Standards; Programs; Governance Compliance; Competition; Adaptation; Mining Industry
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  • 19 Dec 2018
  • News

Online Retailers Aim to Shake Up the Wedding Market

Keywords: online retail; weddings; fashion; e-commerce; Retail Trade
  • 28 Nov 2018
  • HBS Case

On Target: Rethinking the Retail Website

been tanking, with shares recently trading at $1.50. And in October, Sears filed for bankruptcy protection, following the dark road paved by Borders, RadioShack, and Toys ‘R’ Us. “Target had to make this big shift from thinking only about... View Details
Keywords: by Dina Gerdeman; Retail
  • 01 Sep 2010
  • News

Fair Trade

status-symbol luxuries, like expensive watches or designer jeans. Why do consumers pay so much for products whose ingredients are well known to represent only a small proportion of the retail price? Beauty is certainly, as one recent... View Details
Keywords: Garry Emmons; Retail Trade; Retail Trade; Retail Trade; Retail Trade
  • 19 Apr 2004
  • Research & Ideas

Ground-Floor Opportunities for Retail in India

India's economic growth is an exciting new playing field for the retail industry and for entrepreneurs looking to get in on the ground level, a panel of that country's businessmen agreed. Rising incomes, increased advertising, and a jump... View Details
Keywords: by Julia Hanna; Retail; Retail
  • 07 May 2016
  • News

Retail in the Blood

last year was named CEO of notonthehighstreet.com, a 10-year-old website that hosts some 5,000 sellers of unique products and experiences in what some view as an increasingly commoditized retail environment. Amidst rumors of a potential... View Details
Keywords: Retail Trade

    Retail Investors’ Contrarian Behavior Around News, Attention, and the Momentum Effect

    Abstract
    Using a large panel of U.S. brokerage accounts trades and positions, we show that a large fraction of retail investors trade as contrarians after large earnings surprises, especially for loser stocks, and that such contrarian trading... View Details
    • 2023
    • Working Paper

    The Equity Market Implications of the Retail Investment Boom

    By: Philippe van der Beck and Coralie Jaunin
    This paper quantifies the impact of Robinhood traders on the US equity market. Within a structural model, we estimate retail and institutional demand curves and derive aggregate pricing implications via market clearing. The inelastic nature of institutional demand... View Details
    Keywords: Institutional Investing; Financial Markets; Price; Financial Instruments
    Related
    • 04 Sep 2019
    • News

    From Retail to Real Estate

    traded national chain and generations-long family enterprise—until it was acquired by Walmart for $1.6 billion in 2009. As reported in the Bloomberg story, “Harvard Grad Solves His Family’s $1.6 Billion Liquidity Problem,” Ibañez was... View Details
    • Fast Answer

    Sustainability in CPG and Retail

    2018:  Companies must collaborate across the value chain to improve sustainability. Fashion’s new must-have: Sustainable sourcing at scale. McKinsey, October 2019.  Highlights the sustainable sourcing targets View Details