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

Morgan Stanley likes these small caps to outperform in this tough market

The best way to invest in this market may be to go small, according to Morgan Stanley. The firm said in a note Thursday that it sees small-cap stocks outperforming their large-cap counterparts going forward. Strategist Michelle Weaver said small caps have seen their earnings multiples fall sharply when compared to large-cap stocks, adding that … Read more

Allbirds to sell its sneakers in select Nordstrom department stores

Nordstrom signage outside one of the company’s full-line department stores. Tim Boyle | Getty Images News | Getty Images Allbirds will start selling its shoes in select Nordstrom department stores next month, the companies announced Tuesday, as the sneaker brand seeks tie-ups with other retailers to broaden its reach and post a profit. Starting June … Read more

Retail and consumer IPOs, M&A activity slowing amid inflation: KPMG

People shop at a grocery store in Monterey Park, California, on April 12, 2022. Frederic J. Brown | AFP | Getty Images Supply chain headaches, surging interest rates and the war in Ukraine have combined to stifle IPOs and deal-making in the consumer and retail sectors so far this year. The total number of consumer … Read more

Lululemon footwear marks new product to take on Nike, Adidas

Lululemon CEO Calvin McDonald said launching into shoes was the next natural step for the leggings maker. Source: Lululemon Lululemon is venturing into footwear, marking a new product category for the maker of leggings and sports bras and deepening its rivalry with giants like Nike and Adidas. The company’s first-ever running shoe for women, called … Read more