-
Lululemon Athletica Raises Q4 Revenue Guidance
Monday, January 13, 2020 - 10:00am | 284Read More...Lululemon Athletica Inc (NASDAQ: LULU) raised its fourth-quarter revenue guidance on Monday from a range of $1.315 billion to $1.33 billion to a range of $1.37 billion to $1.38 billion versus a $1.35-billion Street estimate. The apparel retailer raised lifted its fourth-quarter diluted EPS...
-
Bank Of America Finds L Brands Attractive At Current Levels
Friday, January 3, 2020 - 12:58pm | 390Read More...Mall retailer L Brands Inc (NYSE: LB) has multiple levers at its disposal to improve the business and add value to investors, according to Bank of America. The Analyst Lorraine Hutchinson upgraded L Brands from Neutral to Buy with a price target lifted from $21 to $25. The Thesis L Brands'...
-
Holiday Retail Sales Rise Thanks To Spike In E-Commerce Purchases
Thursday, December 26, 2019 - 11:44am | 367Read More...A surge in online sales rescued a short holiday season for retailers with an internet presence. Total U.S. retail sales from Nov. 1 through Christmas Eve were up 3.4% from a year earlier, mostly due to a nearly 20% bump in online sales, according to Mastercard Inc's (NYSE: MA)...
-
Canada Goose's No-Inventory Store, Explained
Wednesday, December 4, 2019 - 1:34pm | 460Read More...Apparel maker Canada Goose Holdings Inc (NYSE: GOOS) opened a new store in a Toronto mall which has zero inventory on hand. As strange as it may seem, the stores serves a greater purpose. What Happened Canada Goose named its Toronto store "The Journey" and visitors will try on a $1,000...
-
Bank Of America Sees Upside In Dick's Sporting Goods, Upgrades To Buy
Monday, November 25, 2019 - 3:43pm | 348Read More...Bank of America analysts downgraded Dicks Sporting Goods Inc (NYSE: DKS) to Neutral in August, but the research firm now sees three reasons to turn bullish again on the retailer. The Analyst Robert Ohmes upgraded Dicks Sporting Goods from Neutral to Buy with a price target lifted from $43 to $55....
-
Now You Can Outrun Imperial TIE Fighters With New Adidas Star Wars Running Shoes
Thursday, November 21, 2019 - 4:53pm | 566Read More...Yoda taught us that a Jedi must have the deepest commitment, the most serious mind. But good shoes can't hurt. For that, Adidas AG (OTC: ADDYY) in collaboration with Walt Disney Co.'s (NYSE: DIS) Lucasfilm, has a Star Wars-themed line of athletic shoes, the newest of which, the Space Battle...
-
What Is Li-Ning And Why Is Its Stock Up 200% This Year?
Friday, November 15, 2019 - 12:18pm | 521Read More...Chinese sportswear brand Li-Ning Co. Ltd. (OTC: LNNGF) could be the hottest stock in the athletic apparel market in 2019. The company is a top performer in the MSCI Asia Pacific Index, with the stock up more than 197% year-to-date, according to Bloomberg. Li-Ning initially made a splash in the...
-
'Significant Risk': Under Armour Analysts On Federal Investigation Of Apparel Company's Accounting
Tuesday, November 5, 2019 - 3:48pm | 624Read More...Under Armour Inc (NASDAQ: UAA) reported a solid third-quarter earnings beat Monday, but was any upside was drowned out by the news that the company's accounting is the subject of a probe by the SEC and Justice Department. The sportswear company is being investigated for its revenue-recognition...
-
Under Armour Reports Q3 Earnings Beat As Accounting Investigation Looms
Monday, November 4, 2019 - 9:40am | 350Read More...Under Armour Inc (NYSE: UA) reported third-quarter earnings of 23 cents per share Monday, which beat the analyst consensus estimate of 18 cents by 27.78%. This is a 8% decrease over earnings of 25 cents per share in the same period last year. The company reported quarterly sales of $1.429...
-
Report: Rising Number Of Working Women Fuels Growth In Designer Handbags
Friday, October 18, 2019 - 4:29pm | 698Read More...The luxury market is forecast to grow rapidly despite the U.S. trade representative's recent announcement of a list of $7.5 billion in tariffs on European products that take effect Friday. Earlier this month, UBS analyst Zuzanna Pusz said the tariffs could lead to...
-
Gildan Plummets After Issuing Lower Guidance; Bank Of America Turns Bearish
Friday, October 18, 2019 - 10:33am | 312Read More...Gildan Activewear (NYSE: GIL) shares were trading sharply lower on Friday after the apparel company issued weak third-quarter preliminary earnings guidance. The Analyst Bank of America Merrill Lynch analyst Heather Balsky downgraded Gildan from Buy to Underperform and lowered the price...
-
Shoe Expert: NBA Fallout In China Could Lead To Consumers Ditching Nike, Under Armour
Friday, October 11, 2019 - 11:45am | 626Read More...The Los Angeles Lakers and Brooklyn Nets preseason game took place as scheduled in Shanghai, China Thursday despite fears of a cancellation. The Lakers and Nets played a close game in front of a sold out crowd of 18,000, and it appears likely the teams will also play their rematch in China on...
-
Levi Strauss Reports Q3 Earnings Beat
Tuesday, October 8, 2019 - 5:08pm | 219Read More...Levi Strauss & Co. (NYSE: LEVI) shares were volatile in Tuesday's after-hours session after the apparel company reported a third-quarter earnings beat. Earnings came in at 31 cents per share, beating estimates by 3 cents. Sales came in at $1.447 billion, beating estimates by $7 million. The...
-
'Nike Continues To Expand The Market': Analysts Applaud Q1 Beat
Wednesday, September 25, 2019 - 5:05pm | 836Read More...Nike Inc (NYSE: NKE) shares are in all-time high territory after the apparel company posted a first-quarter earnings beat Tuesday. Wells Fargo Weighs In Although expectations were very high heading into the first quarter, Nike was able to clear the bar with an earnings report that was solid from...
-
3 Concerns Wells Fargo Has With G-III Apparel Group
Monday, September 23, 2019 - 2:02pm | 404Read More...G-III Apparel Group, Ltd. (NASDAQ: GIII) has lost around half of its value amid tariff concerns and investors should avoid buying the stock even if it looks "optically inexpensive," according to Wells Fargo. The Analyst Wells Fargo analyst Matthew Gulmi initiated coverage of G-III with a...
















