Nike shares surge as inventory challenges start to abate, demand stays strong By Reuters Nike Nike At least 15 brokerages raised their price targets on the stock after Nike reported better-than-expected quarterly results on Tuesday, benefiting from higher discounts and strong demand…
Canada October retail sales up 1.4% on gasoline, seen down 0.5% in November By Reuters Canadian retail sales rose by 1.4% in October from September, data showed on Tuesday, but an estimate for November indicates a 0.5% monthly decline heading…
Stitch Fix CFO departs as quarterly sales plunge 20% U.S. subscription fashion service Stitch Fix Jedda will be succeeded byDavid Aufderhaar, SVP of finance,Stitch Fix, effectiveApril 3 – Stitch Fix Jedda will be succeeded by David Aufderhaar, SVP of finance, Stitch Fix,…
Sneaker studio Fctry Lab inks $6 million investment Los Angeles-based footwear prototyping lab and venture studio Fctry Lab announced its debut on Wednesday, launching with an initial $6 million tranche round of financing. Fctry Lab co-founders Omar Bailey and Abhishek Som –…
Adidas and Bad Bunny launch new collection Translated by Cassidy STEPHENS Adidas The Adidas x Bad Bunny Campus campaign. – Adidas The sneaker comes in all white, as white is meant to serve as a canvas, inviting consumers to “shine…
Skechers launches footwear collection with Martha Stewart Skechers Skechers launches footwear collection with Martha Stewart. – Skechers The spring 2023 capsule dubbed ‘A Day in the Life of Martha’, features Stewart’s iconic design stamp on Skechers’ most popular slip-ins, slides…
Amazon discreetly testing cut-price Prime subscription Translated by Nicola Mira There may soon be two distinct Amazon Shutterstock As reported by TechCrunch.com, the subscription formula being tested costs INR999 (€11.30) annually, instead of the INR1,499 (€17) for a standard Prime…
Lululemon sees 2023 sales, profit above estimates on strong demand By Reuters Lululemon Athletica Inc forecast annual sales and profit above Wall Street estimates on Tuesday, betting on strong demand for its pricier yoga wear even as inflation hurts consumer…
Under Armour boosts profit forecast as discounts spur demand By Reuters Under Armour Under Armour Increased promotions offered during the all-important holiday season encouraged customers to look past recession worries and stock up on its athletic shoes and hoodies. Steep…
JD Sports targets 800 stores in US market JD Appointed just six months ago, Schultz wants to achieve double-digit sales growth and profit margins over the next five years and the North American market will be crucial to achieving that…
