Levi’s 501 blue jeans were displayed by Levi Strauss, but the company’s full-year sales forecast was cut due to weaker shopping trends at U.S. department stores and big-box retailers. The company missed Wall Street’s revenue expectations for the quarter, leading to a slight drop in shares. CEO Chip Bergh attributed the decline in sales to …
In a surprising turn of events, Nike reported its revenue for the fiscal first quarter fell short of Wall Street’s expectations, marking the first time in two years. However, the company exceeded earnings and gross margin estimates, causing its stock to soar in after-hours trading. Here is a breakdown of Nike’s performance compared to analyst …
Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla — The stock of Tesla, the leading electric vehicle company, rose 1.5% during …
Black Friday shoppers wait to enter the Nike store at the Opry Mills Mall in Nashville, Tennessee, on November 25, 2022. Seth Herald | AFP | Getty Images Discover the top companies dominating premarket trading. Nike — The sneaker giant surged nearly 10% in premarket trading after releasing mixed earnings. Nike reported earnings of 94 …
Striking members of the Writers Guild of America picket with striking members of SAG-AFTRA, the actors guild, outside Paramount Studios in Los Angeles, Sept. 18, 2023. Mario Tama | Getty Images Discover the companies grabbing attention prior to the market open. AstraZeneca — Shares surged 1.4% following an upgrade from Jefferies to buy from hold. …
Mitchell & Ness, a lifestyle clothing brand specializing in throwback and vintage jerseys and apparel, has appointed Eli Kumekpor, a former Nike executive, as its new CEO. Kumekpor, previously the global vice president and general manager of Jordan Brand’s men’s business, will replace former CEO Kevin Wulff, who is retiring after Mitchell & Ness was …
Amidst disappointing quarterly results from Foot Locker and a decline in consumer interest in the footwear sector, Nike’s stock has experienced a 10-day losing streak. This consecutive drop is the longest in Nike’s history as a publicly traded company since its initial public offering (IPO) in 1980. As the company prepares to report its earnings …
Nvidia, the chipmaker headquartered in Santa Clara, California, saw a 1.8% increase in its stock before the release of its quarterly report. The company has been performing exceptionally well due to the growing demand for AI technology, with its shares rising by a staggering 220% this year. Meanwhile, Peloton, the fitness company, experienced a significant …
Customers stroll with their shopping bags from Foot Locker along the vibrant Third Street Promenade in Santa Monica, California. According to reports, Foot Locker has reported another decline in sales and has revised its outlook for the second time this year. Consumers, burdened by inflation, are becoming more cautious about spending on footwear and apparel. …
Shoppers visiting Brickell City Centre in Miami, Florida on June 14, 2023, may have noticed a shift in the way companies are offering customer rewards. Airlines, retailers, and even companies like Dunkin’ and Sephora have become stingier with their perks, making it harder for customers to earn elite status, tightening return policies, and cracking down …