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In this article FL Follow your favorite stocks CREATE FREE ACCOUNTA Foot Locker, Inc. store. Even the Striper uniform, the iconic black and white striped outfit worn by Foot Locker's store associates, is getting a refresh, Frank Bracken, Foot Locker's chief commercial officer, told CNBC in an interview. A Foot Locker, Inc. store. A Foot Locker, Inc. store. Courtesy of: Foot Locker, Inc.An overall view of a Foot Locker, Inc. store.
Persons: Foot Locker's, Frank Bracken, Foot, Bracken, Mary Dillon, Dillon, She's, Foot Locker, Locker Organizations: Inc, CNBC, Summer, Nike, Adidas Locations: New Jersey, Manhattan, Wayne, New York City, Paris, Melbourne, Delhi
“Ice cream. “Chocolate cake mixed with the chocolate ice cream. Every time I make ice cream, I keep him alive. 2016, I voted for President Trump, and in 2020, I voted for President Trump again. On Tuesday, when we have primary, I will probably be voting President Trump.
Persons: , “ Denise, Marshall, it’s, I’m, Trump, Trumper Locations: Monterrey, Mexico, McAllen,
Bank of America also reiterated its neutral rating on Monday, while noting that leadership has "the playbook to turn things around." Diamondback Energy — The shale producer jumped 9.4% after announcing its purchase of Endeavor Energy, the biggest private company that produces natural resources from the Permian Basin. CymaBay Therapeutics , Gilead — Shares of CymaBay soared 25.4% after Gilead agreed to buy the drug developer. The deal comes as Gilead, whose shares were up around 1% in Monday's session, looks to expand beyond HIV drugs. Marqeta — The credit card technology stock added 5.7% after a Bank of America upgrade to buy from neutral.
Persons: Gilead, Bracken Darrell, Trimble, , Joe Ahlersmeyer, Piper Sandler, Teva, Samantha Subin, Sarah Min Organizations: New York Community Bancorp, Bank of America, Endeavor Energy, CymaBay Therapeutics, Gilead, VF Corp, Reuters, Mohawk Industries, Deutsche Bank, Citi, Space Development Agency, Teva Pharmaceutical —, JPMorgan, Nvidia Locations: Israel
Mr. Trump is the first former president in the modern era who has sought to return to the White House. Regardless of what comes next, Mr. Trump’s Iowa victory amounts to a remarkable resurrection of a political career that had once appeared in tatters. Image Mr. Trump greeted supporters after a Fox News town hall in Des Moines. If Mr. Trump does become the nominee, the 2024 campaign will have few modern parallels. A different case making its way through the federal courts will test Mr. Trump’s claim that he should be immune from prosecution.
Persons: Donald J, Trump, Trump’s, Ron DeSantis, Nikki Haley, DeSantis, Haley, Biden, , ” Mr, Vivek Ramaswamy, Maansi Srivastava, Mr, “ We’ve, Haley’s, , Hilary Swift, , Mike Pence, Tim Scott, Chris Christie, Doug Burgum, Ramaswamy, Long, Haiyun Jiang, Jack Smith Organizations: The Associated Press, Republican, United Nations, Capitol, Senate, clapped, Horizon, New York Times, American, Republicans, PAC, National Weather Service, Mr, Trump, The New York Times, Service, Gov, Fox News, Des Moines . Credit, Justice Department, Biden, Locations: Clive , Iowa, Iowa, Florida, New Hampshire, South Carolina, Trump’s Iowa, tatters, “ Iowa, New Hampshire , Nevada, state’s, New York, North Dakota, Des Moines, Georgia, “ America
UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone Pro have subsided. Wells Fargo initiates Matador Energy as overweight Wells said the energy company has a "strong track record of growth." Citi upgrades Vipshop to buy from neutral Citi upgraded the e-commerce company after its earnings report. Bank of America upgrades American Eagle to neutral from underperform Bank of America upgraded the stock ahead of earnings next week. Morgan Stanley reiterates DraftKings as overweight Morgan Stanley said it sees more upside for the stock after its investor day. "
Persons: Holley, Jefferies, Wells, Morgan Stanley downgrades Energizer, Morgan Stanley, Bracken Darrell, Matt Puckett, Investor Relations Allegra Perry, Redburn, RTX, Mizuho, AFRM, Cantor Fitzgerald downgrades, Myers, Cantor, We've, it's, DraftKings Organizations: Jefferies, UBS, Apple, Matador Energy, Citi, Bank of America, underperform Bank of America, Barclays, American, Bears, Netflix, Netflix Inc, Air Corp, Vertiv Holdings Co, Wells Fargo, Warner Music Group, JPMorgan, Corp, Investor Relations, Brands Conference, Raytheon, Canadian, TAM, Deutsche Bank, Disney, Deutsche, Nvidia, Partners Locations: China, Europe, Japan, AXP, Paris, CSIQ, Bristol, F4Q
Activist Commentary: Engaged Capital was founded by Glenn W. Welling, a former principal and managing director at Relational Investors. Engaged has had great success as an activist, but almost all that success has come at small-cap companies. VF Corp. was in desperate need of a new CEO, and they got one. Engaged also urges VF Corp. to evaluate non-core divestitures to fix the balance sheet. After adding up all the pieces, Engaged sees a path to a $46 share price within three years.
Persons: Glenn W, Steve Rendle, Rendle, Bracken Darrell, Darrell, Rendle's, Ken Squire Organizations: Welling, Relational Investors, VF Corp, Bloomberg, Partners, Management, Vans, Logitech, Corp, 13D
CNBC's Jim Cramer said Tuesday that the company behind Vans, The North Face and Timberland has a promising blueprint to turn around its fortunes. Shares of troubled VF Corp (VFC) sank 9.5%, the morning after management withdrew its fiscal year revenue and profit forecasts. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. While acknowledging the near-term challenges due to a more cost-conscious consumer, Cramer said on "Squawk on the Street" that new CEO Bracken Darrell's plan to overhaul the company should lift the stock down the road. Cramer cited Darrell's long track record in leadership roles at Procter & Gamble (PG) and Logitech (LOGI) as a reason to give him the benefit of the doubt.
Persons: CNBC's Jim Cramer, Timberland, Jim Cramer's, Cramer, Bracken Darrell's Organizations: Vans, Procter & Gamble, Logitech, TJX Companies, Marshalls Locations: Maxx
After VF Corp 's Monday quarterly report saw the company withdraw its full-year revenue and profit forecasts, new CEO Bracken Darrell laid out his plans to improve business in an interview with CNBC's Jim Cramer. The company, which owns brands including Vans, North Face and Timberland, saw its sales decline 11% in the U.S during its second quarter, with Vans sales alone down 21%. By Monday's close, VF Corp shares were trading down 4.56%. Darrell joined VF Corp in July, and he said he's no stranger to helping companies reinvigorate business, citing his 10-year run as the CEO of Logitech . And Vans really catered to that through the skater community," he said.
Persons: Bracken Darrell, CNBC's Jim Cramer, Monday's, Darrell Organizations: Vans, U.S, VF Corp, Corp, Logitech
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVF Corp. CEO Bracken Darrell goes one-on-one with Jim CramerVF Corp. CEO Bracken Darrell joins 'Mad Money' host Jim Cramer to talk his jump from Logitech, consumer spending, and quarterly results.
Persons: Bracken Darrell, Jim Cramer VF, Jim Cramer Organizations: Jim Cramer VF Corp, Logitech
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're reducing cost across the board and reinvesting in innovation: VF Corp. CEO Bracken DarrellVF Corp. CEO Bracken Darrell joins 'Mad Money' host Jim Cramer to talk his jump from Logitech, consumer spending, and quarterly results.
Persons: Bracken Darrell VF, Bracken Darrell, Jim Cramer Organizations: Corp, Logitech
There are a slew of top stocks to buy this earnings season, analysts say. CNBC Pro combed through the latest Wall Street research to find the most well-positioned stocks heading into earnings. The firm added a tactical outperform rating to the name, saying Roku shares are too attractive to ignore. However, that doesn't mean investors should bail on the stock, the analyst said, adding a beat is very likely. VF Corporation Buy shares of the undervalued retail clothing company, Guggenheim analyst Robert Drbul wrote recently.
Persons: Shweta Khajuria, Khajuria, Roku, Jim Salera, Salera, Robert Drbul, Drbul, Bracken Darrell, Benno Dorer, Utz, Stephens, , Cantor Fitzgerald Organizations: CNBC, VF Corp, Roku, Guggenheim, Logitech, Corp, ISI Locations: LSEG
Computer parts maker Logitech's second-quarter sales fall
  + stars: | 2023-10-24 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 24 (Reuters) - Logitech International (LOGN.S) suffered a drop in sales in the second quarter, it said on Tuesday, as the computer peripherals maker struggled to hold on to the gains made during the pandemic. Sales fell 8% to $1.06 billion for the quarter ended September, it said in an exchange filing. However, it reported sales of $2.03 billion in the first half, beating its own forecast of $1.875-$1.975 billion. Non-GAAP operating income rose 17% to $183 million in the second quarter, the Swiss-U.S. company said. It expects sales this fiscal year to be in the range of $4-$4.15 billion and non GAAP operating income between $525 million and $575 million.
Persons: Dado Ruvic, Bracken Darrell, Daniel Borel, Borel, Wendy Becker's, John Revill, Maria Ponnezhath, Dhanya Ann Thoppil Organizations: Logitech, REUTERS, U.S, Thomson Locations: Swiss
Activist investment firm Engaged Capital has taken a stake in VF Corp. , owner of Vans and The North Face brands, and is pushing for cost cuts and changes to the board. Shares of VF Corp jumped roughly 14% following the news, trading at over $18. Engaged said shares of VF Corp. could jump to a share price of $46 within three years if proposed changes are implemented. It is unclear exactly how much of a stake Engaged has taken in VF Corp. VF Corp. said it is aware of Engaged's comments and investment.
Persons: Steve Rendle, Rendle, Rendle's, Bracken Darrell, Mr, Darrell Organizations: Face Inc, VF Corp, Vans, Corp Locations: Easton, Columbus , Ohio, Vans
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Logitech International SA FollowZURICH, Sept 15 (Reuters) - Logitech (LOGN.S) co-founder Daniel Borel stepped up his call for it to find a new chairperson on Friday, after objecting to Wendy Becker's re-election to the role at the Swiss-American computer peripherals maker's AGM earlier this week. Borel, one of three people who founded Logitech (LOGN.S) in 1981, said the maker of computer mice and keyboards had lost its way under Becker, who has chaired it since September 2019. "I am not yet a dinosaur meddling, but I am worried about the future of Logitech, the company I created," Borel told Reuters. "Logitech needs a new chairperson, someone who can react to the changed market situation." Borel, who holds a stake of around 1.5% in Logitech said the downturn had not been recognised quickly enough.
Persons: Dado Ruvic, Daniel Borel, Wendy Becker's, Becker, Borel, Logitech, Jack Wills, Wendy, Bracken Darrell, John Revill, Alexander Smith Organizations: Logitech, REUTERS, Logitech International, Follow ZURICH, Swiss, Reuters, Thomson Locations: American, Swiss
But I also think that it’s important for me to walk the line between being a football coach while also being parent to a son diagnosed with C.T.E. Yeah, Meiko. Yeah, Meiko. He loved it.” “Yeah, Meiko. I hear you talking, and you’re walking, a little wobbly, but you’re walking.’ So there’s no physical injury.
Persons: , , wasn’t, Mike, Meiko, ” “, I’m Organizations: “ Police, C.T.E, Football Locations: Maryland
She gave up her six-figure salary to retrain as a teacher and set up the charity Now Teach. My mum was a great school teacher and when she died when I was in my forties I briefly thought about becoming a teacher like her. Ten years later when my dad died, I thought I needed to do something radical with the time I had left of my working life. So for me to leave readers with the impression that my life is like "Dead Poets Society" couldn't be further from the truth. I knew from writing about working life that many people in their fifties who were lawyers or worked in other corporate roles get bored with it and want to do something more useful.
Persons: Lucy Kellaway, I've, we've, We've Organizations: Financial Times, Service, JPMorgan, Oxford University, View, Poets Society, Penguin Locations: Wall, Silicon, Gateshead, England, Bracken House, City of London, Hackney, London
Logitech raises sales forecast for first half of 2024
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +1 min
July 25 (Reuters) - Logitech International (LOGN.S) on Tuesday raised its sales outlook for the first half of its 2024 financial year, in the first set of results since longstanding CEO Bracken Darrell quit the computer peripherals maker last month. The company said it now expects first-half sales of $1.875 billion to $1.975 billion, compared to 1.8 billion to 1.9 billion earlier. It also forecast full year sales of $3.8 billion to $4 billion. Non-GAAP operating profit, meanwhile, was $109 million, better than the $70 million forecast by analysts. After seeing a big jump in sales during the COVID-19 pandemic as people equipped their home offices with the latest keyboards and peripherals, Logitech has been bracing itself for a downturn this year.
Persons: Bracken Darrell, Darrell, John Revill, Subhranshu Sahu, Varun Organizations: Logitech, VF Corp, Thomson Locations: Zurich, Bengaluru
Vans sneakers maker VF taps Logitech's Bracken Darrell as CEO
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: 1 min
June 20 (Reuters) - VF Corp (VFC.N) has appointed Bracken Darrell, who last week stepped down as head of computer accessories maker Logitech (LOGN.S) after a 10-year stint, as its new CEO, the apparel and footwear maker said on Tuesday. VF Corp's CEO Steve Rendle retired in December 2022, after 25 years with the company, with lead independent director Benno Dorer named interim CEO. Darrell, who will take charge on July 17, has previously worked at Procter & Gamble (PG.N), Whirlpool Corp (WHR.N) and General Electric (GE.N). Dorer will remain a board member, VF Corp said. Reporting by Deborah Sophia and Juveria Tabassum in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: Bracken Darrell, Steve Rendle, Benno Dorer, Darrell, Dorer, Deborah Sophia, Juveria, Sriraj Organizations: VF, Logitech, Procter & Gamble, Whirlpool Corp, General Electric, Corp, Thomson Locations: Bengaluru
Logitech — Shares tumbled 12.3% after the company announced president and CEO Bracken Darrell is departing. Toyota — The Japan-based automaker's shares gained 4.5% Wednesday. Lumen Technologies — The telecommunications stock gained 6% during midday trading Wednesday, adding to the 16% advance that was made Tuesday. Earlier in the week, the company announced a new partnership with electric vehicle software charging company ev.energy. Advanced Micro Devices — The chip stock gained nearly 2% in midday trading, a day after the company announced its latest artificial intelligence chips.
Persons: Bracken Darrell, UnitedHealth — UnitedHealth, John Franklin Rex, Akio Toyoda, Lumen, Roth MKM, Goldman Sachs, Bernstein, Bud, Raymond James, Buster's, Cinemark, Riley, Li Auto, Morgan Stanley, Wolfe, it's bullish, Gordon Haskett, SVB, — SoFi, Estée Lauder —, — CNBC's Michelle Fox, Yun Li, Sarah Min, Hakyung Kim Organizations: Logitech, Swiss Federal Institute of Technology of, Citi, Goldman, Global Healthcare, Toyota, Lumen Technologies, Google, Microsoft, Maxeon, Technologies, Reuters, Services, AMD, Anheuser, Busch InBev —, Netflix, Wolfe Research, Barclays, SVB Securities, Berenberg Locations: Swiss Federal Institute of Technology of Lausanne, Lausanne, Switzerland, Japan, Latin America
Toyota cars are displayed on the sales lot at Toyota Marin in San Rafael, California, May 11, 2022. Check out the companies making the biggest moves in premarket trading. Vodafone — The cellphone network added nearly 3% in premarket trading after Vodafone and CK Hutchison agreed to merge their U.K. businesses. Shell — The European oil stock was up 2.3% after Shell boosted its dividend and share buybacks and said it would keep oil production steady until 2030. SoFi Technologies — Shares added 3.25% premarket.
Persons: Akio Toyoda, Bracken Darrell, CK Hutchison, UnitedHealth, John Rex, BTIG, — CNBC's Hakyung Kim, Jesse Pound Organizations: Toyota, Toyota Marin, Logitech, Citi, Vodafone, CK, Devices, Amazon, Services, Reuters, Humana, Lumen Technologies, Google, Microsoft, Shell, SoFi Locations: San Rafael , California, Japan
Piper Sandler initiates Domino's as overweight Piper said it sees an attractive risk/reward for Domino's shares. Piper Sandler reiterates Meta as outperform Piper Sandler raised its price target on the stock to $310 per share from $270 and said ad spend is "holding up." Citi downgrades Logitech to neutral from buy Citi downgraded the stock due to the unexpected departure of CEO Bracken Darrell. Citi reiterates Accenture as buy Citi said the Dublin-based IT company is an AI beneficiary. Piper Sandler initiates Bentley Systems as overweight Piper said the company is a "high quality industrial software franchise operating with scale."
Persons: Piper Sandler, Piper, Wolfe, it's bullish, Bernstein, Gordon Haskett downgrades, Gordon Haskett, Needham, ServiceNow, Bracken Darrell, Guy Gecht, Raymond James, Dave, Buster's, Riley downgrades Cinemark, Riley, Li, Morgan Stanley, Tesla, Splunk, TD Cowen, Wingstop, Cowen, it's, Estée Lauder, Berenberg, Roth, Morgan, Bud Light Organizations: Barclays, Netflix, FedEx, Apple, TAM, Citi, Logitech, Materials, SVB Securities, PayPal, Linde, LIN, Bank of America, Oculis, Dave, Cinemark Holdings, Inc, Accenture, IT Services, Li Auto Citi, China, Li, SSS, Bentley Systems, Photonics, Technologies, AMD Data Center, JPMorgan, DG, Anheuser, Busch InBev, Molson Coors, & $ Locations: 3Q22, 4Q22, 2H23, Latin America, Dublin, Bergamo
Logitech says CEO stepping down, to leave company
  + stars: | 2023-06-13 | by ( ) www.reuters.com   time to read: +1 min
June 13 (Reuters) - Logitech SA (LOGN.S) said on Tuesday that Chief Executive Officer and President Bracken Darrell is resigning from his role effective immediately and will be leaving the company to pursue another opportunity. Darrell, who assumed the role of Logitech's CEO in 2013, will remain with the company over the coming month to facilitate the transition while a search for a replacement is conducted, the statement said. Meanwhile, board member Guy Getch will step in as interim CEO, the company said. "I feel this is a good point to hand over leadership," Darrell said, adding that he will remain a "customer, shareholder and fan" of the Swiss-American tech company. Reporting by Rahat Sandhu in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
Persons: Bracken Darrell, Darrell, Guy Getch, Rahat Sandhu, Pooja Desai Organizations: Logitech SA, Logitech, Swiss, Thomson Locations: American, Bengaluru
Sitting at a cafe terrace overlooking a park commemorating the birthplace of the vast oil industry in the western Canadian province of Alberta, Audrey Cerkvenac and Ernestine Dumont, wrestled with a political dilemma. In a province long the epicenter of Canada’s conservative politics, the two older women had been unwavering conservative supporters. But now, as Monday’s provincial election approached, they said they had been turned off by the strident right turn the province’s conservative party had taken as it ruled Alberta during the pandemic, fueled by extremist protests against Covid restrictions and baseless claims about vaccines. The hard-right turn of the United Conservative Party has put a province that was once a sure win for Canada’s conservatives up for grabs in Monday’s elections. Beyond a referendum on the ideological shift of the party, the vote could also serve as a gauge of the conservative standing nationwide.
rules governing how asylum seekers must be treated. We showed the video in person to three senior officials from the European Commission in Brussels, describing how we had verified it. asylum rules and international law, including ensuring access to the asylum procedure,” said Anitta Hipper, the European Commission spokeswoman for migration. Greece and the European Union hardened their attitudes toward migrants after the arrival in 2015 and 2016 of more than one million refugees from Syria, Iraq and elsewhere. Poland, Italy and Lithuania have recently changed their laws to make it easier to repel migrants and to punish those who help them.
CALGARY, Alberta — Judy Greenwood did not want to leave. In much of the western province of Alberta, this time of year has long been wildfire season. As of Tuesday after, about 24,000 people were out of their homes in the sparsely populated, largely northern areas of the province as 88 active wildfires were burning across nearly one million acres. There have already been 412 fires this season — which typically runs from March 1 to Oct. 31 — an unusually high number. And for residents of vulnerable areas, that has evoked uneasy memories of 2016, when raging flames moved from the forest into the oil sands capital of Fort McMurray, Alberta.
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