Nike can turn its snarled supply chain to its advantage to boost its direct-to-consumer business

A pedestrian walks past American multinational sport clothing brand, Nike store and its logo seen in Hong Kong. Budrul Chukrut | SOPA Images | LightRocket | Getty Images A lower sales forecast, slowing growth in China and a bottlenecked supply channel. The news coming out of Nike’s fiscal first-quarter earnings report wasn’t good. Shares were … Read more

Fed officials will seek to avoid a tantrum as they keep ‘taper talk’ going at Jackson Hole

Esther George, John Williams and Jerome Powell, at Jackson Hole, Wyoming, August 24, 2018. David A. Grogan | CNBC The Federal Reserve’s efforts to reverse its easy policy will be a dominant theme for markets in the week ahead, as central bankers gather in Jackson Hole, Wyoming. The central bankers may even look relaxed against … Read more

Nordstrom buys stake in four apparel brands owned by U.K. fashion house Asos, in bid for younger shoppers

A woman is seen shopping on ASOS the online fashion store on a laptop. Dinendra Haria | SOPA Images | LightRocket | Getty Images Nordstrom said Sunday it has acquired a minority stake in four apparel brands owned by the online U.K. fashion house Asos. The brands — Topshop, Topman, Miss Selfridge and the activewear … Read more

Levi earnings crush estimates, retailer raises 2021 forecast, citing strong denim sales

Levi Strauss & Co. said Thursday that shoppers are stocking up on jeans in new sizes and styles in the U.S. and China as they emerge from their homes during the pandemic. The momentum both in stores and online boosted its fiscal second-quarter earnings and revenue ahead of analysts’ expectations. Although sales were still down … Read more

These 3 factors will determine how Target and Kohl’s fare beyond the pandemic

A Kohl’s and Target location Scott Mlyn | CNBC; Noam Galai | Getty Images Some of the biggest battles in retail used to play out in shopping malls. Now, that retail rivalry has moved to strip centers, where Target and Kohl’s compete for customers. “The mall used to be the magnet,” said Mark Cohen, former … Read more

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

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 amid comparable sales that more than doubled. Dick’s also gave a full-year outlook that exceeds … Read more

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

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 | Getty Images Check out the companies making headlines after the bell:  Nordstrom — The retail … Read more

Returned calls, mentorship and Black-owned brands on shelves: What happened after retailers made diversity pledges

Cora and Stefan Miller started a hair care company after they had their son, Kade, and struggled to find hair products for him. Young King Hair Care is now sold by Walmart and Target. When Cora Miller had her son, she discovered the baby had a full head of hair — and found few products … Read more

Stocks could be volatile in week ahead amid turbulence from cryptocurrency

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 the wild swings in bitcoin and trying to gauge whether technology shares can gain traction … Read more

The post-pandemic spending spree has begun. Here are 6 things Americans are buying

Shoppers wearing protective masks carry bags on Market Street in San Francisco, California, on Wednesday, April 14, 2021. David Paul Morris | Bloomberg | Getty Images Shoppers are emerging from their cocoons and aspiring to switch it up from sweatpants, stubble and streaming. With each day, more Americans are getting Covid-19 vaccines. As spring temperatures … Read more