With a rough 2023 in the rearview mirror, Levi Strauss & Co. this year is trying to tackle its problems with new pants. That includes pants with lighter-weight…
Read more Denim pioneer Levi’s is rolling out ‘tech pants’ and other new offerings this year. But will retailers stock them?As sneaker makers try to stay relevant amid waning demand, Nike Inc. executives on Thursday said they were banking on “newness and innovation” to win over reluctant shoppers.…
Read more Nike says 'newness' is crucial to its growth. One analyst says it's not workingShares of Nike Inc. tumbled after hours Thursday after the athletic-gear giant warned of a “softer second-half revenue outlook” on its quarterly earnings call, and said it is…
Read more Nike shares dive, company eyes $2 billion in cost cuts amid 'softer' outlookNike beat expectations for second-quarter profit and announced a $2 billion cost-cutting plan, as it sees sales softening for the second half of its fiscal year. Continue reading…
Read more Nike Beats Profit Expectations, Sees $2 Billion of Cost CutsBy Andrea Figueras Adidas on Wednesday posted a decline in net profit and sales for the third quarter while it continued to reduce high inventory levels. The German…
Read more Adidas 3Q Net Pft EUR259MThe ending of the partnership between the artist Kanye West, who now goes by Ye, in October 2022 appeared to come after weeks of his comments about Jewish…
Read more Inside Kanye West’s troubled Adidas partnership: Tears. Rage. Thrown shoes. Even a scrawled swastika.Iconic German sandal maker Birkenstock Holdings Ltd.’s stock fell 10% out of the gate in its trading debut Wednesday, signaling that investors remain cautious about new deals and…
Read more Birkenstock’s stock falls 10% in trading debut after IPO priced at lower end of rangeIconic German sandal maker Birkenstock priced its initial public offering at $46 a share late Tuesday, a bit shy of the midpoint of its expected range, as investors…
Read more Birkenstock prices IPO at $46 a share, at low end of rangeHere are the day’s biggest movers: Stock gainers: Blue Apron Holding Inc.’s stock APRN, +133.52% rocketed by 134% after food-delivery start-up Wonder said it would acquire the company…
Read more Blue Apron notches triple-digit percentage gain while Nike rallies after earnings beat and boosts Foot Locker stockInvestors bid up Nike’s rivals Adidas and Puma in early European markets action, after their U.S. peer beat first-quarter earnings forecasts. Adidas shares ADS, +6.09% jumped 6%, and…
Read more Adidas and Puma shares rally after Nike resultsNike Inc. on Thursday reported a fiscal first-quarter profit that beat expectations, although revenue came up just shy of Wall Street’s estimates, amid a drop in sales for…
Read more Nike stock rises as profit beats estimates and inventories fallWe’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. Summary Summary U.S Europe Asia FX Rates Futures ETFs Crypto…
Read more Micron, Peloton, GameStop, Workday, Nike, CarMax, and More Stock Market MoversPeloton Interactive’s stock jumped after hours Wednesday after the connected-exercise-bike maker and yoga-wear giant Lululemon Athletica announced a five-year partnership that will combine digital fitness with workout and…
Read more After fighting over connected fitness, Peloton and Lululemon join forcesThis copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/stock-market-movers-8c0c7b23 Updated Sept. 19, 2023…
Read more NIO, Moderna, Block, U.S. Steel, and More Stock Market MoversIt may be time to get your COVID-19 vaccine again. There’s a new booster that’s coming out to guard against the virus. The Centers for Disease Control and…
Read more 5 things to know about the new COVID-19 vaccineThe Centers for Disease Control and Prevention on Tuesday recommended updated COVID-19 vaccines for people 6 months of age and older. Director Mandy Cohen late Tuesday backed the…
Read more CDC recommends updated COVID shots for people 6 months of age and older3M Nears Roughly $5.5 Billion Earplugs Settlement Source link
Read more 3M Nears Roughly $5.5 Billion Earplugs SettlementThe World Health Organization has upgraded COVID-19 variant EG.5 to a variant of interest, or VOI, from a variant under monitoring, or VUM, as it continues to become…
Read more WHO names Eris a COVID variant of interest. Here’s what you need to know.Online retail giant Amazon.com Inc.’s AMZN, +8.27% second-quarter results and third-quarter forecast sales last week were a bet that more consumers would start buying more things, but Wall…
Read more Earnings have beaten Wall Street estimates by more than usual in 2nd quarter, but 3rd quarter isn’t looking greatChina-Founded Rivals Ramp Up War for American Shoppers Source link
Read more China-Founded Rivals Ramp Up War for American Shoppers
