DIRS.INFO The most relevant business & tech news

A five-year-old girl was receiving emergency treatment after sustaining serious injuries in the stabbing. A man in his late 40s, also being treated for serious injuries, was arrested by police who said they are not looking for any other suspect. [1/9]A police vehicle burns during a demonstration following a suspected stabbing that left few children injured in Dublin, Ireland, November 23, 2023. A woman in her 30s was also being treated for serious injuries while the two other children, a five-year-old boy and six-year-old girl, suffered less serious injuries. SOW DIVISIONThe scene was still sealed off shortly before 1800 GMT when a group of around 50 anti-immigrant protesters briefly broke through a police barrier.

Persons: Daniel O'Connell, Drew Harris, Harris, I'm, Clodagh, Anthony Boyle, Helen McEntee, Conor Humphries, Padraic Halpin, William James, Alexandra Hudson, Kirsten Donovan, David Evans, Daniel Wallis Organizations: Riot, Police, REUTERS, Rights Police, Reuters, Gardai, Thomson Locations: DUBLIN, Dublin, O'Connell, Holiday, Ireland

☆ 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

☆ The way I'm thinking about stocks makes them winners no matter what the Fed or bonds do
▼ + stars: | 2023-09-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

After the September meeting pause last week, the target range for the fed funds rate remained at 5.25% to 5.50%. First, I don't know a soul besides me who agrees with that 20-year versus fed funds rate yield prognosis. They think the fed funds rate will come down or the 20-year yield is already extended. Second, I don't know anyone else who believes the economy is so strong that the Fed is correct to keep on an anti-inflation course. I don't think so.

Persons: We've, Jerome Powell, Powell, It's, —, that's, — let's, it's, Bob Iger, Charlie Scharf, there's, Einstein, Salesforce, Elliott, Bill Newlands, Constellation, William Giles, Giles, Bud, Tom Jorden, Coterra, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Federal Reserve, Fed, Treasury, Apple, Club, Disney, Hulu, CNBC, Comcast, DIS, ABC, ESPN, Nexstar Media, YouTube, Apple's, Wells, Constellation Brands, Constellation, Elliott Management, Autozone, San, Coterra Energy, & Gas, Ford, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, New Jersey, Gary's, Madison —, Wells Fargo, Wells, What's, slowdowns, Texas, San Miguel, Brooklyn , New York, AMZN, CTRA

☆ Express CEO Tim Baxter resigns, replaced by former Tysons Foods exec Stewart Glendinning
▼ + stars: | 2023-09-09 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

CNN —Former Tyson Foods executive Stewart Glendinning will be the new CEO of clothing company Express, replacing Timothy Baxter, effective September 15, the company announced. “He is a highly accomplished executive who will bring fresh thinking to the Company and our strategies for profitable growth. Baxter’s resignation was announced one day after Express released its second-quarter results, with net sales of its Express brand and its lifestyle line UpWest decreasing 15% compared to last year. Express affirmed Baxter’s departure was not related to the company’s financial position. Baxter, who spent more than 11 years with Macy’s, joined Express in June 2019.

Persons: Stewart Glendinning, Timothy Baxter, ” Mylle Mangum, Stewart, Glendinning, Baxter’s, Neil Saunders, Baxter, Macy’s Organizations: CNN, Tyson Foods, Express, Express Board, Company, New York Stock, ” Express, “ Express, WHP, NYSE, “, VF Corporation Locations: womenswear

☆ As mega cap tech stocks climb higher, we're watching this 'retail margin story'
▼ + stars: | 2023-08-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks rise Regret on Foot Locker Watch Amazon 1. Stocks rise Equities climbed higher Wednesday morning, boosted by mega cap technology stocks ahead of Club holding Nvidia 's (NVDA) quarterly results after the closing bell . THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Locker, Mary Dillon's, Jim, Jim Cramer's Organizations: CNBC, Club, Nvidia, Nasdaq, Treasury, West Texas, Web Services, Amazon Locations: Locker

☆ Foot Locker reportedly refused to stock Yeezys for Adidas' relaunch of Kanye West's shoe brand over fears of a backlash
▼ + stars: | 2023-08-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Adidas is selling off its stockpile of Yeezy shoes following its breakup with Kanye West. But Foot Locker was too afraid of potential backlash to help sell them, Complex reported. Adidas sold $437 million worth of Yeezys in its first batch of sales, with 27% of that going to charity. It took Yeezys off the shelves when Adidas announced it would stop its business with West in October. A spokesperson for Adidas did not confirm to Insider whether Foot Locker had abandoned plans to restock Yeezys.

Persons: Locker, Yeezys, Ye, restock, Erwan Rambourg, Footlocker Organizations: Adidas, Kanye, Service, West, HSBC Locations: Wall, Silicon

☆ Fake goods are everywhere online, experts say. Here's how to spot them.
▼ + stars: | 2023-08-10 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +7 min

New technology and the rise of online shopping has made it easier for scammers to sell fakes. These are the top tips to avoid buying a fake online. The rise of online shopping, particularly during the pandemic, fueled the market for counterfeit products. Here are six tips from experts on what to watch out for when you're shopping online:1. If you see any of these warning signs, the product very well could be fake," the IACC warns online.

Persons: Joe Simone, DK Lee, Jen Hanks, Lee, It's, Ben T, Smith IV, Kearney, Simone, Bob Barchiesi, Insider's Hillary Hoffower, Smith, it's Organizations: Service, Economic Co, Trade, eBay, Walmart, American Apparel & Footwear Association, Amazon, International Anticounterfeiting Coalition Locations: Wall, Silicon, Hong Kong

☆ How a college football quarterback with 36,000 Instagram followers scored more than 30 brand deals and made himself the go-to voice for NIL
▼ + stars: | 2023-07-31 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +15 min

Chase Griffin has more than 30 brand deals, and his recent ones are mostly multi-year partnerships. Chase Griffin. 1st College Athlete Brand Ambassador for the largest/most powerful bank in the world. JP MOrgan Chase 1st College Athlete Brand Ambassador. "NIL & Athlete Brands: A NewEra", November 22, 2022.

Persons: Chase Griffin, Griffin, JPMorgan Chase, he'll, influencers, Chase Griffin Griffin, Griffin doesn't, He's, that's, I've, Page, JP Morgan Chase, Lucchese Bootmaker, Frances https, JP MOrgan, Chase Griffin Chase Griffin, Chase, Lucchese, Ed, Arthur Ashe Jr Organizations: UCLA, Gatorade Football, University of California, DirecTV, Foods, JPMorgan, LA Regional Food Bank, Bloomberg, LinkedIn, Boost Mobile, LA Food Bank, DMs, Twitter, JPMorgan Chase, Range Media Partners, WGA, SAG, Brands, ucla, Creative, Banking, Chase Bank, Morgan Wealth, Bank, Champs, Urban Outfitters, United States Polo Association, Lucchese, Hollywood, Marketing, UWG, UC Investments Academy, Fund Public Service, Regional Food Bank, Empowerment, Sports, Entertainment, Beach, Sports Rights, Cannes, Creativity, Cannes Lions, College Football Hall of Fame, Association, Conference, 1st, Financial, JP MOrgan Chase, Brand, of College Athletics, Rose Bowl, Community, Royce, True Bruin, Town Hall, Sports Innovation, Chase Center, NV, Regents, Brand Innovators, College, Los Angeles Times, ESPN, Unilever, Shell, Rose Bowl Stadium, Los Angeles Regional Food Bank, Leadership Team, Council, Range, WPP, University of California Investments, UC, Santa Monica Hospital, Public Affairs, Leadership, UCLA Law, National Football Foundation, Pro Football Hall of Fame, Texas High, Gatorade Locations: Texas, Los Angeles, Opendorse, Instagram, Hollywood, CA, Cannes, Atlanta, Carlsbad, Los Angeles , CA, Pasadena, Los Angeles CA, San Francisco , CA, Los Angeles ,, Las Vegas, United

We're buying 350 shares of Foot Locker (FL), at roughly $40.43 apiece. Following Monday's trade, Jim Cramer's Charitable Trust will own 700 shares of FL, increasing its weighting in the portfolio to 1.06% from 0.53%. There hasn't been a lot of news around Foot Locker dating back to our initial buy in March , with the exception of one key data point. In late March, CEO Mary Dillon disclosed she purchased roughly $500,000 worth of Foot Locker stock , at $39.74 a share — bolstering our confidence in the company's turnaround strategy. Dillon joined Foot Locker last year after a very successful run as CEO of Ulta Beauty (ULTA).

☆ Club meeting recap: Cramer says 'speed of the crisis is over' after First Citizens' SVB deal
▼ + stars: | 2023-03-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. While the financial sector is not out completely out of the woods yet, "the speed of the crisis is over," Jim said Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

With estimates pushing higher, we think the rally in META still has more room to run, prompting us to raise our price target. Bullpen The newest addition to our bullpen is Foot Locker (FL). Foot Locker has also been a victim of the shift to shopping on ecommerce platforms, given its large presence in malls. But if she can do for Foot Locker what she achieved at Ulta Beauty, Footlocker's shares can go much higher. An employee arranges a sneaker display at a Foot Locker Inc. store inside the South Park Mall in Strongsville, Ohio.

☆ Foot Locker is closing 400 stores by 2026
▼ + stars: | 2023-03-20 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Foot Locker is planning to shut 400 stores by 2026 as it strives to become more relevant to younger shoppers by relaunching its retail brands, introducing “experiential” new store concepts and simplifying its operations by closing underperforming mall-based stores. The stores slotted for closing across North America account for nearly 10% of Foot Locker’s total sales, said Anthony Aversa, Foot Locker senior vice president of store development. Under its corporate umbrella, Foot Locker operates more than 3,000 Foot Locker, Kids Footlocker, Champs Sports, WSS and atmos stores globally. Foot Locker reported fourth quarter sales Monday that eased 0.3% versus a year ago. Foot Locker CEO Mary Dillon told analysts she thinks hybrid work is here to stay and it’s fueling the strength and longevity in casual dressing.

☆ Yeezy sneakers in hot demand on resale platforms even after Kanye West's anti-semitic remarks
▼ + stars: | 2023-02-27 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Yeezy sneakers currently are among the top three sellers on Impossible Kicks, a large online reseller of high-end sneakers and clothing that has 17 store locations in the United States. He said Yeezy sneakers are among the top three most-popular brands on the platform after Jordans and other Nike footwear, including Dunk and Air Max shoes. Impossible Kicks, seller of high-end sneakers, said demand for Yeezy sneakers is up 30% since last fall. So now prices for Yeezy sneakers are climbing due to tighter supply, according to StockX, a leading sneaker resale platform. “Since the start of the year, the average price of Yeezy sneakers has increased but sales overall have decreased on StockX,” Drew Haines, director of sneakers and collectibles at StockX, told CNNBusiness.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Fedspeak, video games, memesters
▼ + stars: | 2023-02-07 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

But puts first-quarter EBITDA guide at $710 million versus $762 million expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Adidas is stuck with Yeezy sneakers worth more than $500 million after parting ways with Kanye West, report says
▼ + stars: | 2022-12-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Adidas is stuck with Yeezy stock worth about $530 million, the Financial Times reported. Yeezy accounted for around 7% of Adidas sales this year, per the FT.Top editors give you the stories you want — delivered right to your inbox each weekday. Yeezy accounted for about 7% of Adidas sales this year to the value of 1.7 billion euros ($1.8 billion), the newspaper said. Several other companies dropped Yeezy products from their stores as a result of West's comments, including Balenciaga, Gap and Footlocker. Last month Adidas announced it was investigating West, also known as Ye, following a Rolling Stone report that said he'd acted inappropriately around Yeezy staff.

☆ Nike Cyber Monday deals start now: Shop the best discounted items
▼ + stars: | 2022-11-27 | by ( Bethany Heitman | Bethany Heitman Has Spent Over Fifteen Years Creating Engaging Content. She Is The Former Editor-In-Chief Of People Stylewatch | Has Held Senior Leadership Positions At Cosmopolitan | ) www.nbcnews.com time to read: +7 min

Black Friday may have passed, but Cyber Monday deals are in full swing. The Nike website is offering up to 60% off certain items, with an additional 25% off select styles when you use the code CYBER. From sneakers to leggings and beyond, Nike has a ton of highly rated items that are worth your consideration. Best Nike early Cyber Monday deals to shopTo recommend the best Cyber Monday deals from Nike, we looked for the types of products that Select readers have searched for in the past. Inspired by the popular Air Max models from the ‘80s, these women’s sneakers from Nike are intended for casual activities, such as strolling or lounging.

☆ Resale site The RealReal joins the list of companies cutting ties with Kanye West and his Yeezy line after the rapper's antisemitic remarks
▼ + stars: | 2022-10-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The RealReal said Tuesday that it would not be accepting new listings for Yeezy products on its site. Adidas announced earlier that it would be ending its production of all Yeezy products. However, Adidas still plans to sell Yeezy designs under its own branding starting next year, according to Bloomberg. Shortly after Adidas's announcement, a slew of retailers made moves to pull Yeezy products from their stores. Gap said Tuesday it was removing Yeezy products from its stores and began redirecting visitors from YEEZYGAP.com back to Gap's homepage.

Search resuls for: "Footlocker"

17 mentions found