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May 14, 2021

NIKE Inc

Under Armour shares rise as retailer hikes full-year outlook, sees demand returning

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CNBC – For more and to sign up click here Shoppers pass an Under Armour store in White Plains, New York. Scott Mlyn | CNBC Under Armour on Tuesday raised its sales and profit outlook for the full year, as the sports apparel maker sees demand for its brand roaring......

XPO Logistics reports quarterly earnings and revenue that beat expectations, raises guidance

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CNBC – For more and to sign up click here XPO Logistics Source: XPO Logistics XPO Logistics on Monday afternoon announced better-than-expected quarterly earnings and revenue on the strength of its trucking and logistics business. Shares of XPO hit an all-time intraday high ahead of its first-quarter earnings report, which......

Shoemaker Allbirds reportedly in talks with banks for IPO as public market heats up

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CNBC – For more and to sign up click here A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images The trendy shoe brand Allbirds is in the process of interviewing banks in preparation......

Department stores like Nordstrom and Macy’s are still Americans’ favorite place to buy shoes

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CNBC – For more and to sign up click here The women’s shoe floor in Nordstrom’s flagship department store location in New York City features a cocktail bar in the center. Source: Nordstrom America’s department stores might be losing customers in the apparel aisles and at the beauty counters, but......

Gap is taking its Athleta workout brand to Canada, rival Lululemon’s home turf

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CNBC – For more and to sign up click here An employee rings up a customer’s purchases at the Athleta store in New York. Ron Antonelli | Bloomberg | Getty Images Gap Inc. announced Tuesday plans to sell its Athleta brand in Canada, rival Lululemon‘s home turf. It marks the......

Progressive group targets FedEx, Nike in campaign calling for higher corporate taxes

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CNBC – For more and to sign up click here A FedEx employee loads up deliveries in San Francisco. Getty Images A progressive group pushing Congress to raise the corporate tax rate is launching an ad campaign targeting FedEx and Nike, two large American companies with light federal tax bills.......

Dick’s Sporting Goods just opened a massive store with a virtual driving range and outdoor track. Here’s a look inside

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CNBC – For more and to sign up click here Source: Dick’s Sporting Goods PR Dick’s Sporting Goods on Friday is holding the grand opening of the biggest store it has ever built. Called House of Sport, this new format has a ton of features. The retailer’s goal was to......

Nike, Chipotle, and Crocs top brand popularity chart with teens: CNBC After Hours

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CNBC – For more and to sign up click here CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, Lauren Thomas breaks down the biggest takeaways from Piper Sandler’s biannual “Taking Stock with Teens” report about which brands Gen Z prefers most. Plus, Deirdre Bosa......

Nike suspends endorsement of NFL star Deshaun Watson over sexual misconduct allegations

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CNBC – For more and to sign up click here Deshaun Watson #4 of the Houston Texans runs the ball as Justin Houston #50 of the Indianapolis Colts attempts the tackle during the game at Lucas Oil Stadium on December 20, 2020 in Indianapolis, Indiana. Michael Hickey | Getty Images......

Target says it will spend more than $2 billion with Black-owned businesses by 2025

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CNBC – For more and to sign up click here People stand in line at Target in Kips Bay during the coronavirus pandemic on April 14, 2020 in New York City. Noam Galai | Getty Images Target said it will hire more Black-owned companies, launch a program to identify and......

Ready to dress up again, teens turn to online brands Shein and Princess Polly, and thrift store finds

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CNBC – For more and to sign up click here Teen spending is slowly ticking up from record lows, according to a new survey, as teens show signs they’re ready to get dressed up, go out and socialize again. A generation known to be glued to social media apps like......

Sports agent Rich Paul joins former Nike execs to start marketing agency Adopt

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CNBC – For more and to sign up click here Sports agent Rich Paul looks on after the game between the Miami Heat and the Charlotte Hornets at American Airlines Arena on March 11, 2020 in Miami, Florida. Michael Reaves | Getty Images Rich Paul, the sports agent best known......

Suez Canal blockage is delaying an estimated $400 million an hour in goods

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CNBC – For more and to sign up click here The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data......

Washington Football Team owner Dan Snyder to buy all minority shares for $875 million, report says

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CNBC – For more and to sign up click here WFT owner Dan Snyder, center, before a game between the Washington Football Team and the New York Giants at FedEx Field in Landover, MD on November 8, 2020. John McDonnell | The Washington Post | Getty Images Washington Football Team......

The Fed could be a source of market volatility as Powell and others speak in the week ahead

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CNBC – For more and to sign up click here Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters The Federal Reserve could remain......

Stocks making the biggest moves in the premarket: Nike, FedEx, Skillz, Ford & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike came in 14 cents a share above estimates, with quarterly profit of 90 cents per share. The athletic footwear and apparel company’s revenue came......

Stock futures rise slightly after Thursday’s sell-off

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CNBC – For more and to sign up click here U.S. stock futures rose modestly on Thursday evening as Wall Street looked to shake off a broad sell-off during market hours. Futures contracts for the Dow Jones Industrial Average rose 37 points, or 0.1%, while those for the S&P 500......

Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion

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CNBC – For more and to sign up click here A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike posted mixed quarterly results on Thursday, as sales fell short, hurt by U.S.......

Peloton and Adidas are working together on an exclusive apparel line

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CNBC – For more and to sign up click here The new collection — labeled as adidas x Peloton SS21 — was designed with help from some of Peloton’s top cycling instructors, including Robin Arzón, Ally Love and Cody Rigsby. Source: Peloton Peloton and Adidas announced Thursday they’re working together......

Amazon unseats Walmart to become the No. 1 apparel retailer in the US, UBS says

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CNBC – For more and to sign up click here Jeff Bezos, head of Amazon, can be seen on the fringes of the company’s novelties event. Andrej Sokolow | picture alliance | Getty Images Amazon has surpassed Walmart as the No. 1 apparel retailer in the U.S., according to new......

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