Tag: Clothing/Textiles
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Advisor to star DJs, models arrested in alleged $100 million tax evasion scam
[ad_1] A European tax advisor to a global set of star DJs and supermodels has been arrested on charges that he created a network of illegal tax shelters to help his clients avoid paying U.S taxes on over $100 million of earnings. Frank Butselaar, 63, of the Netherlands, is accused of setting up a complex…
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What NOT to buy on Amazon Prime Day — and why discounts may be even bigger this year
[ad_1] Consumers are still feeling the heat of high inflation, and that could mean some even bigger discounts during Amazon’s Prime Day sales event. Amazon’s AMZN, -0.11% two-day festival of deals falls on July 11 and July 12. The sale is exclusively for members of its Prime program, which costs $14.99 a month or $139…
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Do shoppers have ‘sneaker fatigue’? Analysts weigh in after Nike’s results.
[ad_1] During Nike Inc.’s earnings call on Thursday, executives tried to steer Wall Street’s attention to the positives as shares sank: New Jordans; new running-shoe designs; the Summer Olympics next year in Paris. But one analyst said Nike is still spending too much, and had too many rivals selling too many shoes in too many…
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Does Nike have too many sneakers? Its financial results could tell us whether shoes will get cheaper.
[ad_1] Are stores getting more desperate to sell sneakers? Fourth-quarter results from Nike Inc. on Thursday will probably provide part of the answer. Even as its some of its basketball shoes still put up double-digit sales gains — like those named after NBA icons LeBron James, Luka Doncic and Giannis Antetokounmpo — the athletic-gear maker,…