Apparel Retail
Macy’s warns that inflation-squeezed consumers may choose to spend on travel over shopping
A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images As inflation threatens to weigh on consumer demand, particularly among low-to-middle income consumers, Macy’s says more shoppers could be faced with a consequential choice: Head to the mall or take a summer vacation. “The […]
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Levi Strauss earnings top estimates as shoppers buy at higher prices, denim retailer reaffirms 2022 outlook
An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Denim retailer Levi Strauss & Co. on Tuesday reported fiscal first-quarter earnings and revenue that topped analysts’ estimates as it sold more […]
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Teens are worried about the U.S. economy, but they’re still spending on Nike and Lululemon
Athletic apparel sits on display inside a Lululemon Athletica store. Xaume Olleros | Bloomberg | Getty Images Teens are spending more and shifting their shopping habits, even as they worry about growing economic uncertainty, according to a new survey. Athletic apparel brands such as Lululemon and Nike that combine comfort and fashion are winning out […]
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Nordstrom leadership reclaims oversight of struggling Rack business as executives retire
Nordstrom Rack in downtown Seattle Getty Images Nordstrom on Monday announced it is streamlining leadership of its struggling Rack business with that of its full-line department stores, as two executives retire and company veterans reclaim oversight. Scott Meden, Nordstrom chief marketing officer, and Geevy S.K. Thomas, Rack president, will both be moving on, the department […]
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Higher taxes at Calvin Klein owner PVH will hit profits and hold back stock gains, Morgan Stanley says
Higher taxes will hurt this apparel company known for brands like Calvin Klein and Tommy Hilfiger, says Morgan Stanley. Source
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Kohl’s calls on shareholders to reject activist Macellum’s proposal ahead of annual meeting
People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s on Thursday sent a letter to shareholders in which it pushed back against activist investor Macellum’s campaign to add new directors to the retailer’s board. In the […]
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Bold design and body positivity: Superstar Lizzo previews her new line of Fabletics shapewear
As a young girl, Lizzo tried intensely to, literally, fit in. The now-superstar would wear body girdles and skin-tight corsets to school, contorting the shape of her body — an experience she said was incredibly uncomfortable for a preteen. “It was a really painful, shameful experience … because I grew up in a society where […]
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Nike sees signs of recovery in China, which could be a good omen for other retailers
An employee works next to shoes on display inside the flagship store of sporting-goods giant Nike in Shanghai on March 16, 2017. Johannes Eisele | AFP | Getty Images Glimmers of hope for Nike in China could be good news for other retailers with big business in the region, as companies contend with a prolonged […]
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Nike trimmed sales declines in this key region, and analysts see it as a bullish sign
Wall Street analysts paid close attention to Nike’s geographic sales breakdown in the company’s third-quarter report. Source
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Nike shares rise as earnings top estimates on strong North America demand
A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike on Monday reported earnings and sales for the fiscal third quarter that topped analysts’ estimates, thanks to robust demand in North America as consumers headed back to stores. […]
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