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June 11, 2021

Urban Outfitters Inc

Rent the Runway enters $33 billion fashion resale market as it looks to build back from pandemic lows

CNBC
CNBC – For more and to sign up click here Jennifer Hyman, Rent the Runway  Scott Mlyn | CNBC Rent the Runway said Wednesday it is expanding into resale, a major evolution for the fashion rental platform. Customers will soon be able to buy used designer clothes from the business......

American Eagle is the latest apparel retailer to crush estimates as teens head back to the mall

CNBC
CNBC – For more and to sign up click here A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty......

Stocks making the biggest moves in the premarket: Dick’s Sporting Goods, Urban Outfitters, Nordstrom & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer earned $3.41 per share for the first quarter, more than tripling the $1.12 consensus estimate. Revenue also beat forecasts......

Stock futures rebound cautiously amid economic optimism, bitcoin comeback

CNBC
CNBC – For more and to sign up click here The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV), on May 24, 2021, in celebration of its transition to a public company. NYSE Stock futures ticked marginally higher after the market stalled Tuesday, with major indexes ending the regular......

Stocks making the biggest moves after hours: Nordstrom, Urban Outfitters and more

CNBC
CNBC – For more and to sign up click here A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim |......

Stocks could be volatile in week ahead amid turbulence from cryptocurrency

CNBC
CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: NYSE The trading pattern of the past two weeks – particularly alongside cryptocurrency’s movements – suggests stocks could continue to be volatile in the week ahead. Investors are watching......

Retail stocks surge as Florida and New York announce plans to lift Covid restrictions

CNBC
CNBC – For more and to sign up click here A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC A number of retail stocks surged Monday as investors looked for ways to buy into the economy reopening, after several large states further loosened Covid restrictions or......

Four ways consumer spending will change once more people are vaccinated

CNBC
CNBC – For more and to sign up click here Shoppers wearing protective masks exit from a Hennes & Mauritz (H&M) store in the Herald Square area of New York, U.S., on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images As more people receive the Covid-19 vaccine,......

Skinny jeans are out and wide-leg denim is in vogue. The world is in a new denim cycle, Levi’s CEO says

CNBC
CNBC – For more and to sign up click here Bye-bye skinny jeans, hello “mom jeans.” The world might finally be entering into the early stages of a new denim cycle. One where tight-fitting pants are suddenly out of style, and instead shoppers young and old are flocking to loose-hanging,......

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

CNBC
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......

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

CNBC
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......

Mastercard exec says almost 75% of apparel sales were made online last month

CNBC
CNBC – For more and to sign up click here Apparel sales in the U.S. bounced back in a big way last month, powered by a surge in online purchases as consumers altered their spending habits, Mastercard executive vice president Linda Kirkpatrick told CNBC on Tuesday. “We’ve definitely seen a......

Retailers trade Fifth Ave. for Worth Ave. as Palm Beach scene thrives with Americans heading South

CNBC Real Estate
An aerial view over downtown West Palm Beach, where RH in December 2017 opened an 80,000-square-foot, mansion-like store with a rooftop restauratnt. Source: Indiehouse Films WEST PALM BEACH, Fla. — Retailers, restaurants and other business owners want to be where the people are. And people are moving to South Florida......

Some apparel retailers won the holidays by keeping inventory lean. Now comes the hard part.

CNBC
CNBC – For more and to sign up click here A person walks by a closed Banana Republic store on June 11, 2020 in San Francisco, California. Economic worries due to the coronavirus COVID-19 pandemic continue as an additional 1.5 million people filed for first-time unemployment benefits in the past......

American Eagle sees holiday-quarter sales dropping low-single digits amid weak mall traffic

CNBC
CNBC – For more and to sign up click here A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty......

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