Nike Inc
Apple bear suggests he’s not shorting the stock just nonetheless inspite of China worries. Here’s why
Apple shares fell sharply final 7 days on stories that China is proscribing governing administration personnel from using iPhones and other Apple devices for operate functions. The reported limitations in China, which accounts for about 20% of Apple’s revenue, have lifted considerations among the traders about prospective problems to the Apple iphone maker’s organization in […]
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Disney’s wildest ride: Iger, Chapek and the making of an epic succession mess
Illustration by Elham Ataeiazar After pushing back his retirement four times, Bob Iger finally made the leap. On Feb. 25, 2020, he announced he would step down as Disney’s CEO. His hand-picked successor, Bob Chapek, then Disney’s parks chairman, would take over the day-to-day job of running the company, effective immediately. As part of the […]
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UBS states this is how to play China right now — and shares its top stock picks
Analysts at UBS have detailed how to engage in a volatile Chinese industry in the brief expression. “Beneath our expectation for even further plan guidance that will be each efficient and rolled out immediately, Chinese equities remain most preferred in our Asia approach,” the bank’s analysts stated in an Aug. 25 notice to investors. “Key […]
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Fanatics-backed vintage sports activities model Mitchell & Ness hires Nike executive as CEO
Mitchell & Ness was founded in 1904 in Philadelphia, Pennsylvania. Supply: Fanatics Mitchell & Ness, the life-style clothes manufacturer recognised for its throwback and classic jerseys and attire that was obtained by Fanatics previous 12 months, has employed Nike executive Eli Kumekpor as its new CEO. Kumekpor, who most lately served as the international vice […]
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Nike heads toward record 10th straight losing day as Foot Locker woes, China slowdown hit stock
People walk past a Nike sporting goods store at a shopping complex in Beijing, China, March 25, 2021. Florence Lo | Reuters Nike’s stock tumbled on Wednesday for the 10th day in a row after Foot Locker reported dismal quarterly results and consumers continue to pull back from the footwear sector. The sneaker giant’s shares […]
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Foot Locker shares plunge more than 30% as it slashes guidance and blames ‘consumer softness’
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Foot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before shelling out for footwear and […]
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No more freebies: Companies crack down on customer perks and rewards
Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images It’s not your imagination: Companies are getting stingier with customer rewards. Airlines are making it harder to earn elite status. Retailers have tightened return windows and tacked on fees. Dunkin’ and Sephora are […]
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Jim Cramer claims buyers should focus less on how China influences American stocks
CNBC’s Jim Cramer on Monday encouraged traders to believe a lot less about how China affects American stocks. “No make any difference how disappointing the advancement figures we see out of the Chinese overall economy — and they are a great deal disappointing — men and women keep seeking to obtain American shares that are […]
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Levi Strauss shares drop after retailer slashes guidance on weak wholesale revenue
Levi Strauss on Thursday drastically cut its profit outlook for the year after the apparel retailer reported a steep drop off in wholesale revenues and soft sales in the U.S., its largest market. The blue jean seller saw bright spots, however, in its direct-to-consumer sales and China market. Shares dropped more than 6% in extended […]
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