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October 18, 2021

Apparel Retail

Start your holiday shopping now. Here are some goods that may be running out of stock

CNBC
CNBC – For more and to sign up click here Supply chains everywhere have been hit by massive disruptions this year, from container shortages to floods and Covid infections setting off port closures. The energy crises in mainland China and Europe are the latest to roil shipping. Capital Economics noted......

Cotton prices just hit a 10-year high. Here’s what that means for retailers and consumers

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CNBC – For more and to sign up click here A cotton field Scott Olson | Getty Images The last time cotton prices were this high, it was July 2011. “In 2011, we needed a prayer meeting,” Levi Strauss Chief Executive Chip Bergh told investors on an earnings call Wednesday.......

An entire block of vacant storefronts: Delayed office return plans stymie midtown Manhattan’s recovery

CNBC Real Estate
People walk past office buildings in midtown Manhattan on May 7, 2021 in New York City. Angela Weiss | AFP | Getty Images Before the pandemic, it would take Rob Byrnes at least 15 minutes to wait in line and grab a quick lunch at a fast-casual restaurant in midtown......

Levi Strauss earnings beat as new denim styles drive sales growth, retailer raises outlook

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CNBC – For more and to sign up click here Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss & Co. on Wednesday reported fiscal third-quarter earnings and sales that topped analysts’ expectations, as consumer demand picked up during......

Nike wins teen vote, but this footwear stock has an advantage, trader says

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CNBC – For more and to sign up click here Footwear and apparel stocks are getting attention. A survey of 10,000 U.S. teens released Tuesday placed Nike in the top spot among their favorite footwear and apparel brands, with Adidas also ranking in the top three for footwear and pulling......

Teens are getting more interested in cryptocurrencies: CNBC After Hours

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CNBC – For more and to sign up click here CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, CNBC’s Courtney Reagan breaks down the Piper Sandler ‘Taking Stock with Teens’ survey. Plus, Facebook’s whistleblower testifies on Capitol Hill a day after a massive outage......

Rent the Runway files for IPO, revealing losses mounted during pandemic but subscribers rebounding

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CNBC – For more and to sign up click here Jennifer Hyman, Rent the Runway  Scott Mlyn | CNBC Rent the Runway filed for an initial public offering on Monday and revealed its subscriber base tumbled during the Covid pandemic but has since started to grow again. The digital clothing......

Retailers bid farewell to layaway, as shoppers embrace buy now, pay later options

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CNBC – For more and to sign up click here Supply chains are snarled and manufacturing is constrained. For weeks, headlines have been telegraphing a clear message to shoppers: This holiday season shop early. In years past, early bird shoppers may have turned to layaway plans to reserve holiday gifts......

Nike shares fall as weaker sales in North America lead to revenue shortfall

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CNBC – For more and to sign up click here Pedestrians walk past the American multinational sport clothing brand, Nike store and its logo seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Nike shares dropped in extended trading Thursday after the sneaker giant reported quarterly revenue that......

Target expects its staff to work 5 million more hours this holiday season

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CNBC – For more and to sign up click here Target said Thursday that it is taking a different staffing approach this holiday season as it gears up for a rush of shoppers at stores and on its website: It will trim back seasonal hires and give more hours to......

Stitch Fix pivoted to sell more clothes directly to customers. CEO’s next step is to spread the word

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CNBC – For more and to sign up click here The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Now that Stitch Fix......

Victoria’s Secret rival ThirdLove launches into activewear with new sports bra

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CNBC – For more and to sign up click here ThirdLove says it has been working on its sports bra design and fit for more than two years. Source: ThirdLove Lingerie start-up ThirdLove is hoping to get an even bigger leg up on its biggest rival, Victoria’s Secret, by launching......

Stitch Fix shares surge as online styling service reports surprise profit

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CNBC – For more and to sign up click here The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg......

Why digital retail darlings Warby Parker and Allbirds are betting big on stores to grow ahead of public debuts

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CNBC – For more and to sign up click here A Warby Parker’s store in The Standard, Los Angeles, California. Michael Buckner | Getty Images Retail darlings Warby Parker and Allbirds launched on the internet and paved the way for other brands to follow their playbooks and hope for similar......

Sears is shutting its last store in Illinois, its home state

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CNBC – For more and to sign up click here A shopping cart sits in the parking lot of a Sears retail store on March 22, 2017 in Schaumburg, Illinois. Sears Holdings, the parent of Kmart and Sears, Roebuck, & Co., said there is “substantial doubt” about the company’s financial......

Covid restrictions force some retailers to rethink Vietnam as a manufacturing hub

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CNBC – For more and to sign up click here Workers fold clothing at a Thai Son S.P. Co. garment factory in Binh Thuan province, Vietnam. Maika Elan | Bloomberg | Getty Images Prolonged coronavirus restrictions in Vietnam have become a bigger headache for retailers, particularly those that rely on......

Here’s how inflation is hitting the online prices of everything from apparel to furniture

CNBC
CNBC – For more and to sign up click here Prices of goods online have now risen for an unprecedented 15 consecutive months, following what was a historical period of declines, according to a new report from Adobe Digital Insights. Inflation is hitting categories including pet products, nonprescription drugs, apparel,......

Fewer deals and shipping delays: Here are some early predictions for the holiday season

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CNBC – For more and to sign up click here A person wears a face mask while carrying shopping bags in Columbus Circle on November 28, 2020 in New York City. Noam Galai | Getty Images Shoppers have shown an eagerness to spend on new clothes, electronics and jewelry, in......

Lands’ End CEO says it’s difficult to accurately predict the holiday season due to factory delays

CNBC
CNBC – For more and to sign up click here Consumer demand isn’t the problem — it’s getting the products to the shelves on time, according to apparel retailer Lands’ End. The retailer’s stock closed down more than 9% on Thursday at $31.10. Although the company turned in better-than-expected fiscal......

American Eagle shares drop after revenue falls short, e-commerce sales slow from last year

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CNBC – For more and to sign up click here A shopper walks past an American Eagle store in the mall. Tim Boyle | Getty Images News | Getty Images American Eagle shares tumbled Thursday after the company reported fiscal second-quarter revenue short of analysts’ estimates, as its e-commerce business......

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