Apparel Retail
Vivienne Westwood, influential vogue maverick, dies at 81
Photographer | Liza Herlands Vivienne Westwood, an influential vogue maverick who performed a essential purpose in the punk motion, died Thursday at 81. Westwood’s eponymous trend dwelling announced her demise on social media platforms, saying she died peacefully. A induce of death was not disclosed. “Vivienne continued to do the items she cherished, up till […]
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Underneath Armour picks Marriott exec Stephanie Linnartz to be new CEO following 7-month look for
Below Armor’s new CEO Stephanie Linnartz Courtesy: Less than Armour Underneath Armour explained Wednesday that it has employed Marriott Global President Stephanie Linnartz to be its upcoming CEO, capping off a seven-thirty day period hunt for a new boss that the business hopes will increase its digital small business. Linnartz, who has been with Marriott […]
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H&M removes Justin Bieber merchandise following criticism from pop star
Canadian singer-songwriter Justin Bieber arrives for the 64th Annual Grammy Awards at the MGM Grand Garden Arena in Las Vegas on April 3, 2022. Angela Weiss | Afp | Getty Images H&M will no longer sell a line of Justin Bieber merchandise after the musician told fans he didn’t “approve” of the clothing bearing his […]
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Nike stock jumps 10% following earnings and profits top rated anticipations
Persons wander earlier a keep of the sporting products retailer Nike Inc. at a browsing intricate in Beijing, China March 25, 2021. Florence Lo | Reuters Nike on Tuesday described quarterly success that conveniently topped Wall Street’s expectations, even as higher fees squeezed the company’s margins. Shares of Nike rose a lot more than 10% just […]
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Goldman Sachs upgrades Gap, says stock can rally nearly 30% despite challenges facing retailers
The upcoming year provides a rough backdrop for retail, according to Goldman Sachs. But Gap is a name the firm expects to do well. Analyst Brooke Roach upgraded the Banana Republic and Old Navy parent to buy from neutral. She also hiked her price target to $18 per share from $10, implying upside of 29.5% […]
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North Face owner VF Corp. falls 10% after guidance cut, CEO steps down
Igor Goloniov | Sopa Images | Getty Images VF Corporation, owner of The North Face and Timberland, 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 after almost six years, […]
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This retailer has a unique view of the industry. Its profit warning doesn’t bode well for the holiday season
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 few weeks ago when it posted […]
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‘Wild ride’: Morgan Stanley’s Mike Wilson predicts double-digit proportion fall will strike stocks in early 2023
Rapid Funds ‘Wild ride’: Morgan Stanley’s Mike Wilson predicts double-digit share drop will strike stocks in early 2023 Published Tue, Nov 29 20228:01 PM EST Stephanie Landsman@stephlandsman Observe Dwell Resource
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Adidas personnel raised concerns about Ye’s perform for many years, report claims
Gilbert Carrasquillo | Getty The chief executive and other senior leaders at Adidas mentioned the prospective fallout from its relationship with Kanye West as significantly again as 4 yrs back, according to a report from The Wall Avenue Journal. Throughout a 2018 presentation to the Adidas govt board, a team of staff reportedly outlined the […]
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Goldman Sachs upgrades this new shoe stock, predicts 65% upside as more on Wall Street get on board
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 the footwear company on the strength […]
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