Tag Archives: Apparel Retail

[ad_1] People walk past a store of the sporting goods retailer Nike Inc. at a shopping complex in Beijing, China March 25, 2021. Florence Lo | Reuters Nike on Tuesday reported quarterly results that easily topped Wall Street’s expectations, even as higher costs squeezed the company’s margins. Shares of Nike rose …

[ad_1] Third Point’s Dan Loeb hiked his stake in Bath & Body Works to 6% as the activist investor said he might push for board changes to improve governance issues at the retailer, according to a new regulatory filing. Loeb said the company’s board has “made errors in structuring its …

[ad_1] Are apparel retailers too optimistic about their earnings outlooks? If so, VF Corp. ‘s profit warning could be a sign of things to come. The parent of brands such as The North Face, Vans and Timberland said Monday its full-year results will miss the mark it set only a …

[ad_1] Igor Goloniov | Sopa Images | Getty Images The North Face and Timberland-owner VF Corporation on Monday lowered its revenue and earnings expectations for the second half of its fiscal year and said its chairman and chief executive is retiring. CEO Steve Rendle is stepping down from his post …

[ad_1] Gilbert Carrasquillo | Getty The chief executive and other senior leaders at Adidas discussed the potential fallout from its relationship with Kanye West as far back as four years ago, according to a report from The Wall Street Journal. During a 2018 presentation to the Adidas executive board, a …

[ad_1] Shares of On Holding can surge more than 65% as more people on Wall Street get on board with the Swiss footwear sneaker company, according to Goldman Sachs. Analyst Richard Edwards upgraded shares to buy from neutral, but lowered his target price, saying investors can expect “rapid growth” from …

[ad_1] Off-price retailers are poised to outperform, and Ross Stores will be the leader, according to Credit Suisse. The firm just moved the stock to its top pick in this retail sector. While many retailers are grappling with a glut in inventory, high inflation and a potential recession, earnings reports …

[ad_1] A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images As some of the nation’s largest retailers report quarterly earnings and revenue this week, Wall Street will pay close attention to another number, too — …

[ad_1] Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand. The company ended its relationship with …

[ad_1] Kanye West arrives at the Vanity Fair Oscar Party on Feb. 9, 2020, in Beverly Hills, Calif. Evan Agostini | Invision | AP The Anti-Defamation League is urging Adidas to sever ties with Ye, calling out his recent hateful comments in a letter to Adidas CEO Kasper Rorsted and …