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Shares of Adidas jumped 6.3% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter. Operating profit for the year is now expected to reach around 700 million euros ($745 million), Adidas said in its unscheduled trading update published late on Thursday. It had previously forecast operating profit near 500 million euros. Adidas has been selling off its Yeezy inventory since breaking ties with Ye, the rapper formerly known as Kanye West. The company also said its first-quarter operating profit rose to 336 million euros, up from 60 million in the same period of last year, according to preliminary figures.

Persons: Ye Organizations: Adidas, Kanye Locations: Novato , California, German

☆ Everything Emma Roberts has worn this year, ranked
▼ + stars: | 2024-04-15 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

Emma Roberts has been wearing fashion-forward styles since the start of the year. While promoting "American Horror Story: Delicate," she's worn bold prints and metallic shades. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Here's a look at everything she's worn in 2024 so far, ranked from worst to best.

Persons: Emma Roberts, —, she's, Roberts Organizations: Service, Saks

☆ Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
▼ + stars: | 2024-04-12 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. The strategy allowed Nike to earn far more from its sales and gain better insights about its customers through data collection. Over the last four years, Donahoe said Nike tripled its mobile and digital business from about 10% of overall sales to 30%. Shifting to a direct model is capital-intensive and saddled Nike with the headaches of returns and owned inventory, which had typically fallen on wholesale partners. On top of that, department stores and specialty shops are massive customer acquisition engines.

Persons: Karol Serewis, John Donahoe, Donahoe, CNBC's Sara Eisen Organizations: Nike, Inc, Getty Images Locations: Antwerp, Belgium, Paris

☆ Nike sinks 12% after it slashes sales outlook, unveils $2 billion in cost cuts
▼ + stars: | 2023-12-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook. Nike now expects full-year reported revenue to grow approximately 1%, compared to a prior outlook of up mid-single digits. Those costs are mostly related to employee severance costs, Nike said. During Nike's fiscal second quarter, it posted a strong earnings beat, indicating its cost-savings initiatives were already underway. Sales rose about 1% to $13.39 billion, from $13.32 billion a year earlier.

Persons: Matthew Friend, Friend, didn't, Armour Organizations: Nike, EMEA, Oregonian, LSEG, Adidas, Brands Locations: Thursday's, Greater China, Nike's, DSW

☆ Signs of a sector rotation — plus 2 more themes to watch in the stock market
▼ + stars: | 2023-12-02 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Historically, November is the best month of the year for the stock market, and December is third, according to the Stock Trader's Almanac. Under the surface this week, we also saw signs of a possible market rotation in the works. Rotation watch : We must look to next week's trading for confirmation that we're in the grips of a rotation or simply a head fake. Signs of the former were on display this week as the two of the biggest sector winners of the year, communication services and technology , trailed the market. Jobs, jobs, jobs : The most important release of the week comes Friday in the form of the November nonfarm payrolls report.

Persons: Jerome Powell, That's, Locker, it's, Hock Tan, We'll, Joann, JOAN, JM Smucker, OLLI, Campbell Soup, Brown, Forman, LULU, Smith, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Wall, Dow, Nasdaq, Federal, Broadcom, Marvell Technology, Cisco Systems, VMWare, Club, PMI, Labor, Signet Jewelers, SIG, Brands, Toll, Thor Industries, Natural Foods, GameStop, Vail Resorts, MTN, Smith & Wesson, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Asana, ASAN, New York City

Best Cyber Monday boot salesBearpaw: Up to 30% off full-price styles and up to 60% off sale styles. Select styles are 25% of with code DSW: Use code BLACKFRIDAY to save 30% plus an extra 10% OFF. Use code to save 30% plus an extra 10% OFF. Macy's: Boots deals start at just $19.99. Save 30% sitewide.

Persons: Cory, Booties, . Martens, Boots, Cole Haan, Marc Fisher Steve Madden, Steve Madden, Stuart Weitzman, FORYOU25 Organizations: Nordstrom, Columbia, FORYOU25 Locations: Hunter ,

Learn moreIt's important to keep your extremities warm this winter, and UGG boots are the cozy, on-trend footwear staple you can rely on to do so. It may have been some time since you last wore these classic shearling boots, but the best Cyber Monday UGG boot deals are the best way to get reacquainted. Likewise, Nordstrom's Cyber weekend sale includes 30% discounts on UGG slippers, and Zappos' UGG sale is also host to a variety of UGG shoes and accessories with an average discount of 30% off. In our UGG slippers review, we tested some of their popular styles and promptly included them in our guides to the best slippers for men and best slippers for women. The best Cyber Monday UGG deals

Persons: we've

Thanks to the many Black Friday boot deals on sale, however, you can feel a little more relaxed about your wardrobe refresh. We've been doing lots of research to find you the best Black Friday deals across tech, home, fashion and many more. Best Black Friday boot salesBearpaw: Up to 30% off full-price styles and up to 60% off sale styles. Up to 30% off full-price styles and up to 60% off sale styles. Select styles are 25% of with code DSW: Use code BLACKFRIDAY to save 30% plus an extra 10% OFF.

Persons: Cory, Booties, We've, . Martens, Boots, Cole Haan, Marc Fisher Steve Madden, Steve Madden, Stuart Weitzman, FORYOU25 Organizations: Nordstrom, FORYOU25

☆ Nike misses on revenue for first time in two years, but stock pops as earnings, margins beat
▼ + stars: | 2023-09-28 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

Nike reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading. Revenue for the quarter was just shy of the $12.98 billion analysts had expected, according to LSEG. For the second quarter, Nike expects revenue growth to be up slightly versus the prior year and gross margins to grow by about 1 percentage point versus the prior year. During the previous quarter ended May 31, Nike saw China sales jump 16% compared to the year-ago period. Analysts had expected sales to be about $660 million, according to StreetAccount.

Persons: Matthew Friend, They're, John Donahoe, he's, Friend, Jefferies, doesn't bode, It's Organizations: Nike, LSEG, Revenue, Investors, Reuters, Asia Pacific, Converse, Sporting Goods, Footlocker Locations: China, North America, Europe, East, Africa, America, Asia

☆ I bought nearly identical hauls from Shein, Temu, and Amazon and was shocked to see which store had the best quality
▼ + stars: | 2023-08-16 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +9 min

I shopped on Amazon, Shein, and Temu to compare the experience and quality. Jennifer Ortakales Dawkins/InsiderWhen I unwrapped the Amazon shoes, I was really disappointed in the quality. The Shein pants (left) fit more loosely, while the Amazon pants (middle) and Temu pants (right) were an awkward tight fit. The Shein and Temu hair clips were identical and smaller than they appeared in the listing photos. But when I attempted the return, Shein didn't give me a shipping label and processed an immediate refund instead.

Persons: Temu, Jennifer Ortakales Dawkins, Shein, I'd, Aldo, Shein didn't, I'm Organizations: Service, Amazon, Fastest Shipping, Temu Locations: Wall, Silicon, Amazon's

☆ I bought heels, pants, and a hair clip from Amazon, Shein, and Temu. One outfit was a big disappointment, the other was just OK — and the third was surprisingly well-made and stylish.
▼ + stars: | 2023-08-15 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +9 min

I shopped on Amazon, Shein, and Temu to compare the experience and quality. The Shein pants (left) fit more loosely, while the Amazon pants (middle) and Temu pants (right) were an awkward tight fit. The Shein and Temu hair clips were identical and smaller than they appeared in the listing photos. But when I attempted the return, Shein didn't give me a shipping label and processed an immediate refund instead. I decided to return the shoes, pants, and hair clip from Temu.

Persons: Temu, Jennifer Ortakales Dawkins, Shein, I'd, Aldo, Shein didn't, I'm Organizations: Service, Amazon, Fastest Shipping, Temu Locations: Wall, Silicon, Amazon's

☆ Nike's decision to go back into Macy's and DSW is 'absolutely' the wrong direction, says analyst
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNike's decision to go back into Macy's and DSW is 'absolutely' the wrong direction, says analystSam Poser, Williams Trading analyst, joins 'Squawk on the Street' to discuss the Supreme Court's decision to block Biden's student loan forgiveness, how it'll impact consumer spending and more.

Persons: Sam Poser Organizations: Williams Trading Locations: Macy's

For its full fiscal year, Nike's revenue was $51.2 billion, up 10% compared to the prior year. Nike's gross margins fell 1.4 percentage points during the fourth quarter to 43.6%, contributing to the earnings miss. For the last several quarters, Nike has grappled with bloated inventory levels, which have also weighed on its margins. But quarter over quarter, Nike offloaded about $400 million in inventories. Nike has been relying on its wholesale partners to reduce inventory levels.

Persons: Refinitiv, Friend, Matthew Friend, Neil Saunders, Saunders, we're, Macy's, Macy's hasn't, John Donahoe, Donahoe Organizations: Nike, Refinitiv, Nike's Locations: China

☆ Nike is mending relationships with retailers as more brands recognize the constraints of direct-to-consumer models
▼ + stars: | 2023-06-11 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

Nike is striking new deals with retailers as brands realize the DTC model isn't all it's cracked up to be. Designer Brands, Macy's, and Foot Locker have each announced expanded relationships with Nike. But, more recently, Nike has expanded partnerships with retailers, including Macy's and DSW owner Designer Brands, the Wall Street Journal reported. In a May presentation, Daniel Heaf, vice president of Nike Direct, said, "People always ask me: Are you a direct business or a wholesale business? Nike's wholesale business grew faster than its direct business between September and November, showing it's still key to the overall business.

Persons: Locker, —, Brands, Macy's, Matt Friend, Daniel Heaf, it's, Simeon Siegel, Siegel Organizations: Nike, Brands, Service, Wall Street Journal, Adidas, BMO Capital Markets, DTC

Private equity firm Silver Lake has offered to buy Software AG for 32 euros per share, valuing the German software developer at 2.37 billion euros ($2.61 billion) and said it plans to take the company private. Software AG has backed the Silver Lake offer despite a higher 34-euro a share non-binding bid coming in from Bain-backed Rocket Software earlier this month. Some investors argue that the Silver Lake offer undervalues Software AG and that minorities never fare well in delistings. Software AG has faced criticism from shareholders over its handling of the sales process. Software AG, Rocket Software and Silver Lake all declined to comment.

☆ Stock-Based Pay and Bonuses Fall Under Finance Chiefs’ Cost-Cutting Knife
▼ + stars: | 2023-04-05 | by ( Mark Maurer | Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

Videogame company Unity Software is looking at reducing the number of shares it grants as part of compensation but hasn’t made any decisions yet. Some finance executives are tweaking compensation expenses—including stock-based pay and bonus eligibility—in the latest move among U.S. companies to cut costs from increasingly lean operations as recession concerns grow. Videogame company Unity Software Inc. and business-software firm Salesforce Inc. are among businesses weighing or moving ahead with bringing down stock-based compensation, while companies such as DSW Designer Shoe Warehouse parent Designer Brands Inc. and Facebook owner Meta Platforms Inc. are planning adjustments to worker bonuses. Firms like Google are making other trims to the employee experience by eliminating popular perks like snack bars and choosing software and equipment vendors based on cost.

☆ Retail CEO crisis: With recent shakeups at Kohl's, Adidas, Dollar General, and more, the industry's top job is suddenly the hardest to fill
▼ + stars: | 2023-02-11 | by ( Matthew Kish | Avery Hartmans | ) www.businessinsider.com time to read: +8 min

It's the surest sign yet of a crisis facing the retail industry. Supply chains got snarled, shoppers stopped visiting stores, and stimulus payments spiked demand, each making it difficult to measure how business was doing. Then stimulus payments sent demand for everything from sneakers to home goods spiking while supply chains snarled. And just when supply chains started to sort themselves out, inflation hit, and shoppers started to scale back spending. Retail CEOs need 'peripheral vision'Workers at Starbucks stores and Amazon warehouses across the country have pushed to unionize, with many calling out the pay disparity between front-line workers and top executives.

☆ Retail CEO crisis: why the industry's top job is suddenly the hardest to fill
▼ + stars: | 2023-01-23 | by ( Matthew Kish | Avery Hartmans | ) www.businessinsider.com time to read: +8 min

read moreBut Schottenstein last week withdrew from his cooperation agreement, saying psychologists and a therapist advised him that testifying against his friend Shapiro at his May 2023 trial would "exacerbate" his mental health issues. Prosecutors on Monday said the "unexpected" development warranted dismissing the case against Bortnovsky, the co-founder of Sakal Capital Management, and Shapiro, who founded inmate money transfer service provider JPay. Prosecutors left open the possibility of renewing the charges, saying their investigation was ongoing. Lawyers for Bortnovsky and Schottenstein declined to comment. Reporting by Nate Raymond in Boston; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ Jennifer Lopez on what she learned from Warren Buffet — and other tips from celebrities on how to become a successful entrepreneur
▼ + stars: | 2022-11-28 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +4 min

The Hollywood Reporter released its second annual list of the top 40 celebrity entrepreneurs. Jennifer LopezThe best business advice Jennifer Lopez ever received came from Warren Buffet. Lopez said that the best business advice she's ever received came from Warren Buffet: "A brand is a promise." After founding the business with his co-founder, Evan Goldberg, Rogen said he's learned how to scale without compromising on product quality. but also added that the best business advice he's ever received was to "Be focused."

☆ Retailers are starting to charge fees to return stuff you bought online. Here's why free returns may be a thing of the past — and how you can avoid getting charged.
▼ + stars: | 2022-11-19 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +6 min

The easiest way to avoid paying a return fee is to bring your items back to the store in person. Here's how we got here, which retailers are changing their tune, and what shoppers can do to avoid paying for returns. Which means retailers are losing, on average, millions of dollars every year by letting you return your unwanted goods for free. Some companies have taken a different approach by offering free returns only to its most loyal shoppers. Translation: Retailers are hoping something else will catch your eye when you come into the store to make your return.

☆ The era of free returns may be coming to an end. Here's why retailers have started charging return fees – and how you can avoid them.
▼ + stars: | 2022-10-14 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +6 min

Some retailers have started charging customers a fee to ship back their returns. The easiest way to avoid paying a return fee is to bring your items back to the store in person. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThe era of free returns may be coming to an end. Here's how we got here, which retailers are changing their tune, and what shoppers can do to avoid paying for returns. Some companies have taken a different approach by offering free returns only to its most loyal shoppers.

☆ Cookies might not be tracking you, but some brands are
▼ + stars: | 2022-09-28 | by ( Leticia Miranda | Leticia Miranda Is A Business Reporter For Nbc News. | ) www.nbcnews.com time to read: +12 min

And for consumers who want to cut down on corporate monitoring, hitting “decline cookies” might not make much of a difference. Ulta Beauty’s Brent Rosso, vice president of the cosmetics seller’s ad business, called retail media networks “the hottest thing in the media world.”The Home Depot app encourages users to allow tracking. Home DepotNew ways to track and targetBefore the rise of retail media networks, retailers regularly sold ad space like sponsored products or banner ads on their own digital properties. But many retail media networks combine first-party data with existing third-party information, such as demographic data, to build more detailed profiles on consumers. About $40 billion will be spent this year across retail media networks alone, the analytics firm projects.

Vanna Krantz, a former Disney executive, was named chief financial officer, as company also named a new CEO. FASB Moves Forward With New Disclosure Requirements for Joint VenturesJulie Whalen will join the online travel company later this month, after a decade as finance chief of Williams-Sonoma. Shopify Hires Morgan Stanley Investment Banker as Its Next CFO Shopify named investment banker Jeff Hoffmeister as its next chief financial officer, a move that comes after the e-commerce company in July said it would cut its workforce by 10%. Grab Zeroes In on Costs as Super App Looks to Cut Losses Grab’s finance chief is pruning the company’s spending as the ride-hailing and food-delivery app looks to get closer to break-even. SEC Warns Chinese Companies About Risks of Auditor Changes As businesses switch auditors to avoid U.S. delistings, the agency’s acting chief accountant warns of potential investigations and enforcement actions.

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