Amazon plans to open its first New York City bookstore in Manhattan’s Time Warner Center, the online retailing giant said late Wednesday . The 4,000-square-foot location is scheduled to swing opens its doors in the spring inside a sprawling complex that also houses several upscale restaurants and a Coach store.
Category: Apparel
Pro-Trump PAC tied to L.L. Bean heiress discloses donations
A pro-Trump PAC linked to L.L. Bean heiress Linda Bean is now reporting donations it never disclosed to the federal government last year. The amended filings by Making Maine Great Again say Bean donated $30,000, not $60,000 as the political action committee originally reported.
SAPVoice: Brooks Brothers Innovation Elevates Customer Experience
Every retailer is fighting to win customers. Competition comes from all places in all sizes and consumer loyalty is hard won.
Gildan Wins Auction to Purchase American Apparel
Apparel maker Gildan Activewear has won the auction to acquire the American Apparel brand and certain company assets with an $88 million cash offer. The transaction is subject to bankruptcy approval on Thursday and is expected to be completed by early February, Gildan said in a statement this morning.
Diller’s Vimeo, Once Left for Dead, Enters Crowded TV Fray
When Barry Diller’s IAC/InterActiveCorp bought comedy website CollegeHumor in 2006, the deal included an asset the billionaire had little use for at the time: Vimeo. The video-sharing site, which predates YouTube, is now the fulcrum of Diller’s plan to join the crowded online-TV market.
UGG Holiday Sales Pump Deckers Outdoor
Deckers Outdoor is a buy thanks to strong holiday sales from its UGG brand, analysts at Canaccord Genuity wrote today, while maintaining the stock’s “buy” rating and $70 price target. The firm’s checks showed that cold winter weather in late November through December drove a sharp increase in weekly sell-through rates, likely in the 25% range.
Nike, Under Armour Invade NYC
The world’s largest sports apparel brands are in the midst of an arms race in New York City. Nike , Adidas and Under Armour have each opened, or committed to opening, massive flagship stores in Manhattan in recent months, as the industry shifts from traditional third-party retail to direct sales.
Higher Fuel and Labor Costs Mean You’ll Pay More to Fly in 2017
After a comfortable two-year spell of cheap fuel and no major crises to dampen travel demand, U.S. airlines are in for what looks to be a more turbulent 2017. Buckle up.
Why Nike CEO Says “Less Is More”
For the year, Nike stock dropped 19%, making it the worst-performing stock of the Dow. The lackluster year has left investors wondering how the company will fix the issues that have worried Wall Street — namely slower-than-expected-sales growth as well as higher input costs and inventory issues that have decreased gross margin and earnings potential.
Kate Spade Said to Kick Off Formal Sale Process Next Month
Kate Spade & Co. , which is exploring a sale of the handbag maker, plans to kick off a formal auction process next month, with interest from six possible bidders, according to a person familiar with the situation.
Nike Beat Estimates, so Why Didn’t Its Stock Rise?
Still, Wall Street didn’t give the company much credit and the stock stayed flat following the earnings release. Here’s why the market remains restrained and why that could mean the buying window into this great long-term play has been extended.
2 Dividend Stocks That Are Too Unsafe
To sidestep that imminent sell-off, investors should be very choosy with their dividend plays next year. Dividend stocks with poor earnings growth, unsustainable payout ratios, or inconsistent dividend hikes should be avoided at all costs.
WBA, SBUX, NKE: Jim Cramer’s Views
Jim Cramer shares his views every day on RealMoney . Click here for a real-time look at his insights and musings.
Best Fashion Stocks of 2017
Clothing brands and the apparel industry can be a fickle place, with many of the most iconic apparel brands actually suffering among a changing consumer landscape. This list of clothing retail stocks breaks down the sector to try to find the best publicly traded fashion stocks.
Cintas Falls Despite Predicting Record Sales, Double-Digit EPS Gains
Cintas specializes in uniform rental services, along with a host of ancillary niches such as first aid and safety products. Coming into Thursday’s fiscal second-quarter financial report, Cintas investors were optimistic that the company could produce ongoing growth in its top and bottom line.
Finish Line’s Apparel Trouble Is Not an Easy Fix, Analysts Say
Finish Line declined for the second straight day after reporting a net loss that was wider than analysts were expecting. Finish Line was downgraded by analysts at Canaccord Genuity, Wedbush and Piper Jaffray as the stock fell 14% over the past two sessions, after the sneaker and apparel retailer reported that weak accessory and apparel sales caused the company to miss Wall Street’s third quarter forecast.
Why Shares of The Finish Line Plunged Today
The company fell well short of analyst expectations, with major declines in apparel and accessory sales hurting its results. At 10:45 a.m., Finish Line stock was down about 11.5%.
Dow Draws Closer to 20,000 Milestone as Stocks Rise Broadly
The Dow Jones Industrial Average draws closer to clinching the 20,000 milestone on Tuesday as it trades intraday above its all-time closing high. The Dow Jones Industrial Average drew closer to clinching the 20,000 milestone on Tuesday as it traded intraday above its all-time closing high.
Is There Still Hope for Nike?
Shares of Nike have nosedived about 18% so far this year, making it the worst-performing component in the Dow Jones Industrial Average. Meanwhile, the stock has underperformed second-tier competitors such as Lululemon Athletica and Columbia Sportswear , which are up 31% and 25%, respectively, this year.
It Could Be Turnaround Time for Nike
Let’s check the charts and indicators. In this 12-month daily chart of NKE, above, we can see a pattern of lower lows and lower highs all year.
3 Things to Watch in the Stock Market This Week
Stocks rose last week, continuing their late-year rally despite the Federal Reserve’s decision to boost interest rates for just the second time since the Great Recession. The Dow Jones Industrial Average With just a handful of trading days left, Nike is the Dow’s worst-performing stock in 2016 — sporting a double-digit decline compared to a 13% surge in the index.
Better Buy: Nike Inc vs. Under Armour Inc
Just over a week ago, fellow Fool Joe Tenebruso — who has an excellent track record with his investments — wrote an article with the exact same title. In it, he concluded that Under Armour .