Tag: Footwear
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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,…
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Second-quarter corporate profits are set for their biggest drop since the start of the pandemic. But then the worst could be over.
[ad_1] Wall Street is expecting a third straight quarter of falling profits and the worst decrease since the pandemic in 2020, when second quarter earnings are reported in July, but that may be the bottom for this year. Wall Street expects per-share profit for S&P 500 index companies to fall 6.5% for the second quarter,…
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Nike is coming back to Macy’s after being benched for the past year and a half
[ad_1] Macy’s Inc. is bringing Nike products back to certain stores and e-commerce operations in the fall and will further scale the offering to additional locations in spring of 2024, Chief Executive Jeff Gennette told analysts on Thursday. “This mutually beneficial relationship reflects our strategy to provide customers with an enhanced and elevated offering,” he…
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Nvidia’s market cap gain is bigger than all of Disney, Netflix, Boeing or Nike
[ad_1] On Thursday, Nvidia’s stock took an epic jump among the nation’s corporate giants. In one day, the graphics-chip maker total market capitalization added nearly $184 billion – that’s billion with a b. It is one of the biggest one-day market capitalization gains in American corporate history. Nvidia’s market capitalization was $754.3 billion at the…
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Under Armour’s new CEO says women will be a key target customer
[ad_1] Under Armour Inc.’s new chief executive is planning to make women a key target customer for the athletic apparel and footwear maker. “At less than a quarter of our revenue, we are still not cutting through enough to realize the growth available in the marketplace,” Stephanie Linnartz told analysts on the company’s earnings call…