Apparel Retail
Burberry shares drop 11% after the luxury giant issues profit warning and replaces CEO
Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong. Xaume Olleros | Bloomberg | Getty Images Shares in Burberry plunged 11% in early trading on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend. The […]
Read More
Why so many Olympic hopefuls are running in all-black, unbranded gear
Christopher Royster, left, and JT Smith, athletes who participate in Bandit Running’s Unsponsored Project, at the 2024 Olympic trials in Eugene, Oregon. Courtesy: Bandit Running There’s an army of unsponsored athletes commanding attention at the U.S. Track & Field Olympic Trials this year, decked out in all-black, logo-less gear. The 35 athletes are supported by […]
Read More
Nike CEO John Donahoe comes under fire from Wall Street after lackluster performance
People wearing protective face masks walk past the closed Nike store on 5th Avenue during the outbreak of Covid-19 in New York City on May 11, 2020. Mike Segar | Reuters Nike CEO John Donahoe appears to be on thin ice. The former top executive of eBay, who has been at the helm of Nike […]
Read More
Nike warns of guidance cut as it posts slowest annual sales gain in 14 years
Nike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of “challenges” that led it to cut its current year outlook. “We are driving better balance across our portfolio. While we are encouraged by our progress, our fourth quarter results highlighted challenges that have […]
Read More
Adidas investigates bribery allegations in China, FT suggests
Adidas shoes are shown at a DSW shop on January 31, 2024 in Novato, California. Justin Sullivan | Getty Images Adidas has released an investigation into allegations of significant-scale bribery in China soon after the enterprise received a whistleblower grievance that accused senior staff of embezzling “hundreds of thousands of euros”, the Financial Instances claimed on […]
Read More
Dollar Tree is exploring a sale of its Family Dollar brand
An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty Images Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp […]
Read More
American Eagle profit soars, but stock sinks as sales grow slower than expected
An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29. Stephanie Keith | Bloomberg | Getty Images American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak […]
Read More
Are consumers pulling back on spending? It depends which CEO you ask
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t. The most recent […]
Read More
Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
Barbara Furlow-Smiles attends the 2020 Sisters’ Awards at Skirball Cultural Center on March 08, 2020 in Los Angeles, California. Robin L. Marshall | Getty Images A former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for stealing more than $5 million from those companies that had been […]
Read More
Ought to investors buy the dip in Lululemon? This is what this fund manager states
Shares of well known athleisure brand Lululemon have plummeted this 12 months, trailing the S & P 500 noticeably. Its shares, which ended up involved in the Wall Street index just previous Oct, are down all around 28% 12 months-to-date. Does that make it a very good bargain for investors correct now? Portfolio supervisor Jack […]
Read More