Allbirds (BIRD) reports Q2 2022 losses

A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, DC, on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds on Monday trimmed its financial forecast for the year and announced a number of efforts to cut costs as the sustainable shoe maker reported a wider quarterly loss … Read more

Adidas boss says LIV Golf a ‘normal evolution,’ wants to focus on player partnerships

Phil Mickelson of the US during the inaugural LIV Golf Invitational at the Centurion Club, Hemel Hempstead, St Albans, Britain, June 8, 2022 Paul Childs | Action Images via Reuters Adidas CEO Kasper Rorsted believes the controversial Saudi Arabia-backed LIV Golf series is part of a “normal evolution” of the sport and said the German … Read more

Under Armour (UAA) Q1 2023 earnings and guidance

American multinational clothing brand Under Armor store seen in Hong Kong. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Under Armor on Wednesday cut its profit forecast for the fiscal year 2023 as more promotions on its athletic apparel ate into margins. The company now expects earnings per share for the full year … Read more

Adidas cuts 2022 outlook on slower China recovery, potential global slowdown

Pedestrians walk by a large Adidas logo inside the German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket via Getty Images Adidas on Tuesday cut its financial forecast for 2022 as the sneaker and athletic brand suffers from a slower recovery in China and warned of the potential for a slowdown in other … Read more

New way to short Tesla with AXS Investments ETF

Investors have a new way to make bullish and bearish bets on large-cap stocks. AXS Investments launched eight of 18 approved single-stock leveraged ETFs this month. The funds aim to increase exposure of short-term single-stock investments. “They’re designed for active traders, traders that are looking to make tactical trading decisions on a daily basis,” the … Read more

Macy’s speeds up plans to open smaller stores outside of malls

In 2020, Macy’s opened its first Market by Macy’s location, which was in the Dallas-Fort Worth area. Source: Macy’s Macy’s is accelerating its plans to open smaller stores that aren’t attached to suburban shopping malls, in a bid to evolve along with its customers’ shopping preferences coming out of the Covid pandemic. The department store … Read more

Nike is making a strategic shift in how it makes NCAA fan apparel

Georgia Bulldogs NCAA partners with Nike Courtesy: Fanatics Sports commerce platform Fanatics is entering into a long-term partnership with Nike to manufacture college sports fan apparel. The partnership will involve collaboration with the Fanatics College division, which already partners with most of the Nike-sponsored colleges and universities. Manufacturing is set to begin in summer 2024, … Read more

Stock picks for the second half

Wall Street analysts named a handful of buy-rated stocks this past week as must-own stock picks for the second half of the year. These defensive companies have characteristics that will carry them through any additional economic and market turmoil, analysts said. CNBC combined through recent Wall Street research to find the top buying opportunities as … Read more

Kohl’s real estate sale on the table after deal talks fall apart

People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s might not be selling its business after all. But it’s now looking to sell some of its real estate, reversing its prior stance. The retailer on Friday announced it terminated deal talks with The … Read more

Consumers grow stressed as retailers gear up for back-to-school shopping

Every other week, beginning in May, Morning Consult polls consumers about back-to-school spending plans. The results of its latest survey were startling. There was a 10-point pop from the prior poll in the number of parents who say they can’t afford backpacks, notebooks, new jeans and sneakers, and other supplies. “The drop in the number … Read more