Category: Apparel

Earnings Preivew: Adidas Must Show it Can Run Even Faster to Justify its Valuation

Expecations for the German sports goods maker are high, and factored into its share price, ahead of its Wednesday results. Adidas AG will publish its fourth quarter and full year results Wednesday, with pressure on the sportswear giant and Nike rival to deliver a something akin to a personal best in order to maintain momentum that has propelled the stock 65% higher over the past year.

What Was Up With Snap’s NYSE Banner?

This week, the 26-year-old tech billionaire Evan Spiegel became the founder of a company that just raised more than all the tech IPOs in 2016 combined , and opened up an additional 41% from its initial offering price. The former frat guy is essentially the updated American dream, complete with an engagement to L Brands Victoria’s Secret model Miranda Kerr.

What Was Up With Snap’s NYSE Banner?

This week, the 26-year-old tech billionaire Evan Spiegel became the founder of a company that just raised more than all the tech IPOs in 2016 combined , and opened up an additional 41% from its initial offering price. The former frat guy is essentially the updated American dream, complete with an engagement to L Brands Victoria’s Secret model Miranda Kerr.

Two Big Reasons Wall Street Is Ignoring Abercrombie’s Earnings Whiff

Abercrombie & Fitch just took the wraps off weak fourth-quarter and full-year 2016 results, but Wall Street, if not millennials, seem to be buying into what the company’s value-oriented Hollister division is selling. On Thursday, Abercrombie reported fourth quarter earnings of 71 cents a share on $1.04 billion in revenue, lower than estimates for earnings of 75 cents a share on $1.05 billion, according to analysts surveyed at Factset.

Why Nike Really Lets You Design Your Own Sneakers

When we lauded Nike in our first World’s Most Innovative Companies issue in 2008, it was in part because of Nike iD, a then-revolutionary way for its customers to imprint personalized designs onto Nike sneakers. The inclusion of “iD studios” in Niketown stores pointed toward the increasing theatricality required in retail, while iD capability on nike.com reflected the explosive potential of digital commerce.

Why Nike Really Lets You Design Your Own Sneakers

When we lauded Nike in our first World’s Most Innovative Companies issue in 2008, it was in part because of Nike iD, a then-revolutionary way for its customers to imprint personalized designs onto Nike sneakers. The inclusion of “iD studios” in Niketown stores pointed toward the increasing theatricality required in retail, while iD capability on nike.com reflected the explosive potential of digital commerce.

Nike is Ready to To Rally – Buy the Breakout Now

Nike shares have been making a series of lower highs and lower lows since the end of 2015, and the price action has formed a large declining channel. The stock price has recently penetrated the downtrend line of the channel and the pattern price projection targets a potential move back up to the all-time highs.

What Investors Might Have Missed in the Markets Last Week

Love him or hate him, believe his statements or prefer to disprove them, President Donald Trump sure seemed to push the markets higher as he pledged to move quickly on the “phenomenal” tax code changes. Stocks surged immediately following Trump’s proclamation and continued the trend higher through Friday, with the S&P 500 for $90 per share in cash, valuing Mead Johnson’s equity at $16.6 billion, with the total transaction value reaching $17.9 billion, including the latter’s net debt.

It’s Time for Skechers USA Inc to Do Something With Its Cash

The company’s $764.3 million of sales topped analyst estimates by more than $40 million, and 3.6% comparable sales growth at its stores impressed at a time when many other retailers are struggling to attract shoppers. It should be clear from Skechers’ recent results, though, that the company is no longer the explosive growth stock it once was.

Sears, Kmart Drop 31 Trump Home Items From Their Online Shops

Major U.S. retailers Sears and Kmart this week removed 31 Trump Home items from their online product offerings to focus on more profitable items, a spokesman said on Saturday. The decision follows retailer Nordstrom Inc’s announcement this week it had decided to stop carrying Ivanka Trump’s apparel because of declining sales, prompting President Donald Trump to take to Twitter to defend his daughter.

Trump vs Nordstrom: The latest bout raising ethical concerns

In this May 13, 2016 file photo, the Nordstrom logo is displayed above the post where it trades on the floor of the New York Stock Exchange in New York. Nordstrom shares sunk after President Trump tweeted that the department store chain had … treated his daughter Ivanka “so unfairly” when it announced last week that it would stop selling Ivanka Trump’s clothing and accessory line.

Gap Stock Rises on Report of January Sales Growth

Shares of Gap are rising in after-hours trading on Monday after the retailer reported that same-store and net sales increased in January and in its fourth quarter. The Gap stock is rising nearly 3% to $23.63 a share in after-hours trading on Monday after the San Francisco-based company reported that its 2016 fourth quarter and January sales were up after a dismal holiday season for retailers.

Fumbling Retail CEOs Should Now Be Very Scared

Amid poor holiday seasons, lagging stock prices and angst about the long-term impact of the shift toward digital shopping, it appears retail CEOs are now on a very short leash. said Sunday that CEO Frederic Cumenal will step down effective immediately after less than two years on the job.

Nordstrom Said to Wind Down Ivanka Trump Brand Partnership

Nordstrom Inc. is winding down its relationship with the controversial Ivanka Trump brand, according to a person with knowledge of the situation, a move that follows boycott threats and concerns about the first daughter’s conflicts of interest. The department-store chain is reducing the amount of Ivanka Trump merchandise it stocks, though some inventory may remain for now, according to the person, who asked not to be identified because the decision isn’t yet public.

Deckers Outdoors To Cut Employees, Stores Amid Weak Q3 Sales

Shares of Deckers Outdoors fell after hours after the company reported weak third-quarter results, noting that sales fell 9.9% in the U.S. Deckers Outdoor s reported a 9.9% sales decline in the U.S. for its 2017 third quarter, featuring a 5.3% drop in the sale of UGG boots and shoes. Shares fell 22.8% in after-hours trading.

On the Comeback Trail: Nike

Nike was the Dow’s biggest loser in 2016, but there are indicators suggesting 2017 could be a rebound year. Nike was the worst performing stock on the Dow in 2016, falling about 19%, according to S&P Global Market Intelligence, but there are indications that the sports apparel behemoth is making a comeback even as competitors falter.

Ralph Lauren CEO Leaving After Creative Clash With Founder

Ralph Lauren Corp. abruptly announced that Chief Executive Officer Stefan Larsson will be leaving after a creative clash with the fashion brand’s founder, sending shares of the struggling company into a tailspin. Larsson, who previously ran Gap Inc.’s Old Navy, will be departing Ralph Lauren on May 1 after less than two years on the job, the company said on Thursday.

3 Stocks Hit Hard By Downgrades This Week

After President Donald Trump’s inaugural speech, the markets managed a small rally Friday with the Dow Jones Industrial Average and S&P 500 clinging to narrow weekly gains of 0.48% and 0.34%, respectively. While much of the speech was rhetoric that we’ve already heard, it was made fairly clear that, by Monday, we’ll see actions in terms of executive orders that will set the tone for the administration.

Jim Cramer — Border Tax Issues Boosting Retail, for Now

Retail stocks including Walmart , PVH Corp. , Best Buy , Nike are on the move Tuesday after President-elect Donald Trump said the U.S. dollar is too strong and the proposed Border Adjustment Tax is “too complicated.” What should investors infer? That perhaps the potential import tariffs or other border taxes will be more difficult to institute than previously thought, TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio , said on CNBC’s “Stop Trading” segment.

J.C. Penney Stock Jumps on Nike Partnership

Shares of J.C. Penney were rallying almost 4% in Tuesday morning trading after announcing that it will include Nike shops in more than 600 of its stores. The Plano, Texas-based company will dedicate 500 square feet to Nike products within a “prominent” location of the men’s department, according to a statement by J.C. Penney.

Layoffs begin as Gildan backs away from American Apparel factories

The jobs of 2,400 American Apparel factory workers in the U.S. are about to disappear after Gildan declined to take over the manufacturing plants. American Apparel LLC said it had started to lay off staff on Monday, after Canadian apparel maker Gildan Activewear Inc. withdrew its initial plan to acquire some of the bankrupt U.S. fashion retailer’s manufacturing operations.

Why Overstock.com, Inc. Stock Skyrocketed 41.7% in 2016

Overstock’s first big jump came in February, when shares soared 23% after an encouraging fourth-quarter 2015 report but not so much because of its actual headline numbers. For perspective, Q4 2015 revenue climbed just 2% year over year, to $480 million, while net income was $110,000, or breakeven on a per-share basis and down from $0.06 per share in the same year-ago period.