Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Apparel"


25 mentions found


Alisha Marie and Ashley Nichole are expanding beyond YouTube by launching a clothing line. Alisha Marie told Insider that the company name was inspired by her and Ashley's relationship. Alisha Marie and Ashley Nichole are each cofounders and coCEOs of the company, which they self-funded, Alisha Marie said. "Whenever it does come to a project, brands want to see the numbers of what we can sell," Alisha Marie said. Alisha Marie and Ashley Nichole said if the launch goes well, they plan to raise funding for the brand and bring on investors.
Persons: Alisha Marie, Ashley Nichole, Alisha Marie McDonal, Ashley Nichole McDonal, They've, Evegail Andal, influencer Patrick Starrr, they've, Lexi Donato, Tarte, they'll, merch, Nordstrom, Julia Engel, Charnas, Emma Chamberlain, Chamberlain Coffee Organizations: YouTube, Apparel, Matter Media, Nordstrom, UTA Ventures Locations: Los Angeles, LA
REUTERS/Brendan McDermid/File PhotoBack-to-school sales at U.S. department stores are expected to jump about 25% from last year, as parents splurge on apparel, supplies and electronics for the new academic year when many kids return to classrooms, an industry report showed on Thursday. Sales at department stores this back-to-school season, which runs mid-July through early-September, are forecast to surge 25.3% from a year earlier, and 9.5% over 2019, according to Mastercard Inc SpendingPulse data. Total retail sales, excluding auto and gas, are projected to rise 5.5%. The pandemic pushed department stores, such as Macy's (M.N) and Kohl's (KSS.N), to sell largely online and streamline their businesses at a time they were already facing intense competition and a shift in consumer preference. On Wednesday, The National Retail Federation raised its growth forecast for 2021 U.S. retail sales as the economy reopens faster than predicted.
Persons: Brendan McDermid, Mastercard Steve Sadove Organizations: REUTERS, U.S, Mastercard Inc, Mastercard, Apparel, Electronics, National Retail Federation, Thomson Locations: New York, P.S, Brooklyn , New York, U.S
The sales season is typically a major driver for retailers as families buy school supplies, clothes and college dorm decor. The back-to-school season is usually a time of new beginnings, but consumers are more eager than usual for a fresh start after the pandemic. For retailers, the 2021 back-to-school season comes at a critical moment. Apparel sales are expected to rise about 78% compared with the back-to-school season in 2020 and 11% from the 2019 season, according to Mastercard's forecast. She said those emotions may influence families' back-to-school shopping as some parents "feel like they definitely have to go big."
Persons: Steve Sadove, Mastercard SpendingPulse, Sadove, Christina Hennington, Casey Hanson, Matilda, Hanson, Margaret Organizations: Mastercard, Saks, Walmart, Target, Apparel, Retailers, Amazon, Commerce Department Locations: U.S, Placerville , California
Much like everything else in the economy, inflation has been on a rollercoaster ride. (2) The pace of used-car price increases is slowingOne of the unexpected primary drivers of increased inflation: Used cars and trucks. And so consumers turned to used cars, creating an unprecedented boom. In both April and May, used cars fueled increased inflation. Prices for used cars jumped 10% in April, which UBS estimated was the largest monthly price increase in 68 years — the history of the used-car series.
Persons: Insider's Ben Winck, that's, Stocks, Gregory Daco, we're, Ronald Klain Organizations: Bureau of Labor Statistics, UBS, Apparel, Oxford Economics, Twitter
Alisha Marie and Ashley Nichole are expanding beyond YouTube by launching a clothing line. Alisha Marie (who has 8 million YouTube subscribers) and Ashley Nichole (who has 1 million subscribers) are launching a direct-to-consumer clothing line, Parallel Apparel. Alisha Marie and Ashley Nichole are each cofounders and coCEOs of the company, which they self-funded, Alisha Marie said. Ashley Nichole (L) and Alisha Marie (R) are expanding beyond YouTube by launching a clothing line. Alisha Marie and Ashley Nichole said if the launch goes well, they plan to raise funding for the brand and bring on investors.
Persons: Alisha Marie, Ashley Nichole, Alisha Marie McDonald, Ashley Nichole McDonald, They've, Evegail Andal, influencer Patrick Starrr, they've, Lexi Donato, Tarte, they'll, merch, Nordstrom, Julia Engel, Charnas, Emma Chamberlain, Chamberlain Coffee Organizations: YouTube, Apparel, Matter Media, Nordstrom, UTA Ventures Locations: Los Angeles, LA
G-III Apparel (GIII) – The apparel maker reported quarterly earnings of 53 cents per share, compared to a 15 cents a share consensus estimate. Separately, the Journal reports that Blackstone will announce a deal to buy data center operator QTS Realty Trust (QTS) for $6.7 billion. QTS shares leaped 19.8% in the premarket. Tesla (TSLA) – Tesla has canceled production of its planned Tesla Model S Plaid+, a high-end version of the Model S with a projected range of 520 miles. Microsoft (MSFT) – Microsoft won approval from U.S. antitrust regulators for its $16 billion deal to buy artificial intelligence company Nuance Communications (NUAN).
Persons: Jeff Bezos, Mark, Andy Jassy, Friedman, Blackstone, Lordstown Motors, – Tesla, , Piper Sandler Organizations: Bezos, Origin, Vulcan, Revenue, Carlyle Group, Hellman, Industries, Wall Street, QTS Realty, AMC Entertainment, GameStop, BlackBerry, Koss Corp, Lordstown Motors, Lordstown, Food and Drug Administration, Tesla, Plaid, Microsoft, – Microsoft, KKR, – KKR, Atlantic Aviation, Macquarie Infrastructure, Visa, Mastercard, Loop Locations: Andy Jassy .
—Lizzy WholleyBalenciaga dress, $3,090, Balenciaga, 338 North Rodeo Drive, Beverly Hills, Los Angeles Apparel turtleneck, $30, losangelesapparel.net, and Bleecker & Prince ring, $1,290, bleeckerandprince.com. Prada skirt and shoes, prices upon request, prada.com, Los Angeles Apparel turtleneck, $30, and leggings, $26, losangelesapparel.net. Mode top, $875, and skirt, $955, modaoperandi.com, Los Angeles Apparel turtleneck, $30, and leggings, $26, losangelesapparel.net, and Hereu shoes, $320, hereustudio.com. Louis Vuitton dress, $3,850, T-shirt, $1,030, and pants, $1,650, select Louis Vuitton stores, Los Angeles Apparel turtleneck, $30, losangelesapparel.net, and Dinosaur Designs ring, $85, dinosaurdesigns.com. Alexander McQueen dress, $2,890, and sandals, $690, alexandermcqueen.com, and Los Angeles Apparel turtleneck, $30, and leggings, $26, losangelesapparel.net.
Persons: Bibi Cornejo Borthwick, Kate Phelan, Ellsworth, Bridget Riley’s, Barbara, Borthwick, Phelan, Louis, Yves Klein, Sander, Alexander McQueen, Celine, Hedi, Salvatore Ferragamo, Louis Vuitton, Loewe, Lizzy Wholley, Bleecker & Prince, losangelesapparel.net, Keane, Jil Sander, & Prince, Ralph Lauren, Paula Rowan, Maryam Nassir Zadeh, mnzstore.com, Norma Kamali turtleneck, Proenza Schouler, doverstreetmarket.com, Sam McKnight, Lucy Bridge, Adam Slee, Roxy Walton, Pat Boguslawski, Dow Jones, 87990cbe856818d5eddac44c7b1cdeb8 Organizations: Louis Vuitton, Los, Los Angeles Apparel turtleneck, Bleecker &, Angeles Apparel turtleneck, &, Milk Management, Dow Jones & Company, Inc Locations: Beverly Hills, Los Angeles, Angeles, losangelesapparel.net, , New York
BI GraphicsMelissa Wirt is the mother of five and owner of nursing apparel company Latched Mama. "We don't have an HR department, so everything really runs through me," said Wirt, the founder of breastfeeding clothing company Latched Mama. "Our 'why' at Latched Mama has always been supporting parents, since the day we built the brand," said Wirt, reflecting on her ability to assist working parents during the crisis. Other times, if one employee was the primary caregiver and their spouse was out of work, Wirt found ways to get them on the company payroll. "We were flexible about training entire families because we found that would help us make sure that needs are being met at home as well as needs for us as a company," Wirt said.
Persons: Melissa Wirt, Melissa Wirt's, Wirt, aren't, Mama, Mama Wirt, she's, they've, We're Locations: Midlothian , Virginia
The fashion industry is trying to tackle the issue, but there's no simple solution, according to the CEO of one of the world's largest clothes manufacturers. "Today, we rarely use virgin polyester," Lee told CNBC's "Managing Asia: Sustainable Future." Over the past two years, Lee said there has been a huge acceleration in the use of recycled plastics in fashion. Roger LeeAt the moment, only about 14% of polyester is produced from recycled fibers, according to standards body Textile Exchange. But the problem is a lot of materials are mixed materials, it's a polyester blend with something else.
Persons: Roger Lee, Lee, CNBC's, Lee's, C.C, TAL Organizations: of Fashion Designers of America, TAL Apparel, Burberry, J, Textile, Hong Kong Research Institute of Textiles, M Foundation Locations: Hong, Kong, Asia, Patagonia
Fashion has a sustainability problem - here's how one CEO is tackling it
  + stars: | 2021-05-31 | by ( ) www.cnbc.com sentiment -0.55   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFashion has a sustainability problem - here's how one CEO is tackling itAccording to the World Bank, the fashion industry accounts for 10% of the world's carbon emissions annually. CNBC's Christine Tan talks to Roger Lee, CEO of TAL Apparel, about how he drives sustainability in his garment manufacturing business and what it takes to cut emissions in the fast fashion industry.
Persons: CNBC's Christine Tan, Roger Lee Organizations: World Bank, TAL Apparel
Gap raises 2021 forecasts as apparel shopping gains momentum
  + stars: | 2021-05-27 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
A sign hangs outside a GAP clothing retail store in Manhattan, New York, U.S., May 13, 2016. The San Francisco-based retailer's shares, which have gained nearly 75% this year, rose 2% in extended trading on Thursday after Gap swung to a first-quarter profit. Gap expects fiscal 2021 net sales to grow in the low-to-mid 20% range from a year earlier, compared with its prior projection of mid-to-high teens rise. Gap sees diluted earnings between $1.55 and $1.70 per share, up from its prior forecast of $1.20 to $1.35. First-quarter net sales surged 89% to $3.99 billion from a year earlier, beating expectations of $3.45 billion.
Persons: Mike Segar, Sonia Syngal, Kanye West's Yeezy, Simone Biles, Syngal Organizations: REUTERS, Thomson Locations: Manhattan , New York, U.S, San Francisco
American Eagle sees sales rising on pent-up demand for apparel
  + stars: | 2021-05-26 | by ( ) www.reuters.com + 0.62   time to read: +2 min
Clothing is seen for sale in an American Eagle Outfitters retail store in Manhattan, New York, U.S., May 13, 2016. REUTERS/Mike SegarAmerican Eagle Outfitters Inc (AEO.N) said on Wednesday sales of its jeans and tops was accelerating, after the apparel retailer reported a first-quarter results beat on increased spending, driven by stimulus checks. "High demand is driving greater pricing power," Chief Creative Officer Jennifer Foyle told analysts on a post-earnings call. Pent-up demand for loose-fit jeans, tops and leggings coupled with the $1,400 stimulus checks that Americans received in March lifted the company's sales for the first time since the onset of the pandemic. Brand Aerie recorded an 89% rise in revenue compared to 2019 levels, while revenue at the American Eagle label rose marginally.
Persons: Mike Segar, Jennifer Foyle, Brand Aerie, Abercrombie & Organizations: American Eagle Outfitters, REUTERS, Eagle Outfitters Inc, American Eagle, Abercrombie, Abercrombie & Fitch, Thomson Locations: Manhattan , New York, U.S, Refinitiv
A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. American Eagle Outfitters reported Wednesday fiscal first-quarter earnings and sales that topped analysts' estimates, as shoppers spent their money on new styles of denim, summer swimwear, and comfortable bras and underwear from Aerie. American Eagle had already preannounced in April that its first-quarter sales were on pace to top $1 billion. Sales at the company's namesake American Eagle brand were up slightly from 2019 levels, it said, at $728 million. American Eagle shares are up about 76% year to date.
Persons: , Jen Foyle, Aerie, Foyle, We've Organizations: American Eagle Outfitters Inc, Westfield San Francisco Centre, American Eagle Outfitters, Urban Outfitters, Abercrombie, Fitch, Eagle, CNBC Locations: San Francisco , California, U.S
One millennial began reading Wall Street Bets its comedic value, but would never use the advice. Instead, he started an online shop featuring knick knacks and T-shirts with now-famous Wall Street Bets slogans. Twenty-five-year-old Alan Walker started reading Reddit's Wall Street Bets just for laughs when he was a teenager. At the time he started the store, Wall Street Bets hadn't even reached a million followers. Since skyrocketing in popularity, the Wall Street Bets thread has changed, he said.
Persons: knick knacks, Alan Walker, Walker, he'd, Ross Duncton, shouldn't, rick Organizations: Wall, GameStop, C Investment Trust, AMC, BMO Locations: Las Vegas
Apparel chain Gap says U.S. employees should continue to wear masks
  + stars: | 2021-05-21 | by ( ) www.reuters.com sentiment -0.84   time to read: +1 min
Gap Inc (GPS.N) said on Friday all employees would have to continue wearing masks, even as many of the apparel retailer's peers have relaxed their policies following guidance from the U.S. Centers for Disease Control and Prevention (CDC). The parent of Old Navy, Banana Republic and Athleta brands also said it is recommending that customers who are not fully vaccinated wear masks in its shops, except in jurisdictions where masks are required by law. (https://bit.ly/2SbB1i0)Many retailers, including Walmart Inc (WMT.N) and Target Corp (TGT.N), have said that fully vaccinated workers are no longer required to wear masks, except when face coverings are required by local ordinances. Earlier this month, the CDC had advised that fully vaccinated people do not need to wear masks outdoors and can avoid wearing them indoors in most places. read moreOur Standards: The Thomson Reuters Trust Principles.
Organizations: U.S . Centers for Disease Control, Prevention, Old Navy, Banana, Walmart Inc, Target Corp, CDC, Thomson Locations: Banana Republic
Cramer likes Ralph Lauren as Covid restrictions ease and apparel demand increases
  + stars: | 2021-05-20 | by ( Hannah Miao | ) www.cnbc.com sentiment -0.98   time to read: 1 min
CNBC's Jim Cramer is bullish on Ralph Lauren as Covid restrictions ease and shoppers look to refresh their wardrobes. "People want to look better than they did before the pandemic, and Ralph Lauren is a way to show that," Cramer said Thursday on "Squawk on the Street." "It's back to better looking stuff." The "Mad Money" host's comments come as Ralph Lauren reported fiscal fourth-quarter earnings before the bell Thursday topping analysts' estimates. Major retailers Macy's, L Brand and Target reported first-quarter results this week, beating analysts' expectations.
Persons: CNBC's Jim Cramer, Ralph Lauren, Cramer Organizations: Macy's, Target
Target Sales Surge as Shoppers Buy Apparel, Appliances
  + stars: | 2021-05-19 | by ( Sarah Nassauer | ) www.wsj.com sentiment -0.57   time to read: +1 min
Target Corp. reported robust quarterly sales and a jump in store visits, a sign the retailer continues to grab market share even as consumer buying habits change during the pandemic. Larger rival Walmart Inc. reported comparable sales rose 6% in its latest quarter, a slightly slower growth rate than the same period last year. Apparel sales rose more than 60%, Target said, and sales of home goods and hardlines, such as appliances, rose more than 30%. Overall sales through digital channels increased 50% in the most recent quarter, a slowdown from the same period last year when sales grew 141%. Store visits rose 17%, year over year.
Persons: Target Organizations: Target Corp, Walmart Inc, Walmart, Target
Stimulus checks, reopening economy help Target sales hit the mark
  + stars: | 2021-05-19 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. Comparable sales at stores rose 18% in the first quarter due to a rise in outlet traffic, while digital sales rose 50%, driven largely by same-day delivery services such as Drive up, Shipt and in-store pick ups. Overall comparable sales, including online, rose 22.9% in the three months ended May 1, beating analysts' average expectations of a 9.93% increase, according to IBES data from Refinitiv. The company also forecast positive single-digit comparable sales growth for the last two quarters of the year, while analysts were expecting a decline. Larger rival Walmart Inc (WMT.N) on Tuesday raised its full-year forecast after bumper first-quarter results as it also benefited from stimulus checks.
Persons: Brendan McDermid, Brian Cornell Organizations: REUTERS, Target Corp, Apparel, Walmart Inc, Thomson Locations: Brooklyn, New York, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should play the new apparel trend right now, says Loop Capital's Laura ChampineCNBC's "Squawk on the Street" team discusses retail earnings with Michael Baker of D.A. Davidson, and Laura Champine, director of research and senior consumer analyst at Loop Capital Markets.
Persons: Laura Champine CNBC's, Michael Baker of D.A, Davidson, Laura Champine Organizations: Loop
Walmart Gets Back to Basics as Grocery Sales Grow
  + stars: | 2021-05-18 | by ( Jinjoo Lee | ) www.wsj.com sentiment -0.87   time to read: +2 min
Between competition from Amazon , big-box retailer peers and traditional grocery stores, Walmart has a lot to worry about. Apparel, home goods and lawn and garden items all sold well last quarter, Walmart’s Chief Financial Officer Brett Biggs said on an earnings call Tuesday morning. The biggest source of relief for Walmart was that it appeared to gain back some market share in groceries. Earlier data from Numerator for the year through March 31 showed that Walmart’s grocery market share in the U.S. declined to 20.1% from 22% a year prior. That marked a contrast from Kroger , Costco and Target , which all saw their grocery market share increase over the same period.
Persons: FactSet, Brett Biggs Organizations: Amazon, Walmart, Apparel, Kroger, Costco, Target, U.S . Census Locations: Covid, U.S
Walmart Gets Back to Basics
  + stars: | 2021-05-18 | by ( Jinjoo Lee | ) www.wsj.com sentiment -0.98   time to read: +2 min
Between competition from Amazon , big-box retailer peers and traditional grocery stores, Walmart has a lot to worry about. The biggest source of relief for Walmart was that it appeared to gain back some market share in groceries. That marked a contrast from Kroger , Costco and Target , which all saw their grocery market share increase over the same period. In the quarter ended April 30, Walmart said grocery sales fell by a low-single digit percentage compared with a year earlier. Walmart executives said the company is growing grocery market share again in the U.S. compared with last year, citing Nielsen data.
Persons: FactSet, Brett Biggs Organizations: Amazon, Walmart, Apparel, Kroger, Costco, Target, U.S . Census Bureau, Nielsen Locations: Covid, U.S
Claudio Del Vecchio bought Brooks Brothers in 2001. Delfin, which owns a small Brooks Brothers stake, declined to comment. Tal is seeking $100 million of damages, less sums received from Brooks Brothers' bankruptcy estate. The 70-year-old family-run firm said it makes one in six dress shirts sold in the United States, and Brooks Brothers had been its largest customer. A venture backed by licensing company Authentic Brands Group and mall owner Simon Property Group (SPG.N) acquired Brooks Brothers in bankruptcy for $325 million.
Persons: Carlo Allegri, Brooks, Tal Apparel, Claudio Del Vecchio, Matteo, Del, Tal, Del Vecchios, Delfin SARL, Delfin, Brooks Brothers, Abraham Lincoln, John F, Kennedy, Barack Obama Organizations: Brooks Brothers, REUTERS, Del, Brooks, Forbes, Authentic Brands Group, Simon Property, Apparel, Court, Southern District of, Thomson Locations: Manhattan, New York City , New York, U.S, Hong Kong, United States, et, Southern District, Southern District of New York
Former Brooks Brothers minority shareholder sues, claiming ‘bad faith.’
  + stars: | 2021-05-18 | by ( Vanessa Friedman | ) www.nytimes.com sentiment -1.00   time to read: +2 min
The fallout from one of the highest-profile retail bankruptcies of the pandemic continues. TAL, a longtime Brooks Brothers supplier that claims to make one out of every six shirts sold in the United States became an investor in 2016. The suit claims that the Del Vecchios wanted to avoid that eventuality at all costs, so opted to “roll the dice” with a Chapter 11 declaration. Brooks Brothers, which was founded in 1818 and is known for its suits and preppy clothes, is the oldest apparel brand in continuous operation in the United States. It was bought for $225 million in 2001 by Mr. Del Vecchio, whose father, Leonardo, is one of the richest men in Europe.
Persons: Brooks, Claudio Del Vecchio, Matteo, , TAL, , Del, Del Vecchios, Leonardo, Del Vecchio, PJ Solomon Organizations: United States, Court, Southern, of, TAL Apparel, Castle Apparel Limited, Brooks Brothers Locations: Italian, of New York, Hong Kong, United States, Del Vecchio, Europe
Why Deutsche Bank's Trussell says apparel is well positioned
  + stars: | 2021-05-17 | by ( ) www.cnbc.com + 0.70   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Deutsche Bank's Trussell says apparel is well positionedPaul Trussell, Deutsche Bank managing director, joins 'Power Lunch' to discuss where he expects consumers to put their money and whether retail is one sector that could benefit. He also shares some findings from Deutsche Bank's retail survey and the names he's favoring.
Persons: Bank's, Paul Trussell Organizations: Deutsche Bank, Deutsche
Second-hand apparel retailer ThredUp's bigger loss shreds shares
  + stars: | 2021-05-12 | by ( Uday Kumar | ) www.reuters.com sentiment -1.00   time to read: +2 min
The company's shares tumbled 10% in extended trading as investors shrugged off a revenue beat and focused on surging costs. ThredUp's net loss widened to $16.2 million in the three months ended March, from $13.2 million a year earlier. On a pro-forma basis, the company lost 17 cents per share, bigger than the 16 cents loss analysts expected, according to IBES data from Refinitiv. ThredUp also forecast second-quarter revenue of $53 million to $55 million, above estimates of $48.8 million. Meanwhile, shares of rival Poshmark Inc (POSH.O) fell about 12% on Wednesday after it forecast second-quarter revenue largely below estimates.
Persons: shrugged, James Reinhart, Reinhart, ThredUp Organizations: ThredUp Inc, Reuters, Poshmark Inc, Thomson Locations: U.S, Refinitiv
Total: 25