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☆ See the brands that will get hit hardest as student-loan payments come due, including Nike, Nordstrom, Gap, and Crocs
▼ + stars: | 2023-06-06 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +2 min

Student-loan repayments will soon restart after a years-long pause. Consumers are expected to cut their shopping budgets, especially on apparel, as debt repayments loom. Brands at risk of a spending slowdown include Nike, Gap, and Shopify. The retailers most at risk include Crocs, Nike, Nordstrom, Canada Goose, and Victoria's Secret, the analysts found. "We believe this indicates student loan consumers will reduce spending on apparel in a big way when they have to start paying off their student loan debt."

Persons: —, Jay Sole, Joe Biden, Kevin McCarthy, Donald Trump, Biden Organizations: Brands, Nike, Service, UBS, Nordstrom, Eagle Outfitters, Carter's, Consumers, Biden, US Locations: Canada

☆ Student loan payments will resume soon, and that’s bad news for these retailers, UBS says
▼ + stars: | 2023-06-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Consumers will tighten their purse strings as federal student loan payments resume, and a slew of retail stocks could take a hit, UBS found. That lagging performance is expected to continue, especially since the debt ceiling legislation includes a provision that will end a pause on federal student loan payments by September, according to UBS analyst Jay Sole in a Sunday report. "Our new analysis of U.S. consumers with student loans suggests they are likely to disproportionately reduce spending on softgoods vs. other categories as they shift funds to paying down student debt," said Sole. For instance, nearly 37% of student loan consumers bought Nike products, compared with about 29% of all U.S. adults. About 62% of the consumers polled agreed with the statement, "My philosophy of spending is 'Live for today because tomorrow is so uncertain,'" the bank found.

Persons: Jay Sole, — CNBC's Michael Bloom Organizations: UBS, Eagle Outfitters, Nordstrom, Nike Locations: Crocs, Canada, U.S

☆ The average shopper with student loans is a 37-year old earning $65,000 whose philosophy is 'Live for Today'
▼ + stars: | 2023-06-05 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

The survey results reveal a bunch of fascinating findings, especially when student loan consumers are compared against the average US adult over 18. The average income for student loan consumers was $65,400, slightly less than the $66,200 for the average US consumer. Student loan consumers are more likely to have purchased something from Nike over the past six months than any other brand. UBS argues the end of the student loan payment moratorium will hit a bunch of brands and retailers like American Eagle Outfitters, Nike, and Gap. As my colleague Ayelet Sheffey has reported, the Biden administration remains confident that the Supreme Court will rule in its favor over the legality of its student debt forgiveness.

Persons: —, Jay Sole, They're, Levi's Jeans, Calvin Klein, Armour, Zers, Ayelet Sheffey, Biden Organizations: UBS, Service, Student, Nike, American Eagle Outfitters, TIAA Institute

UBS is bearish on Foot Locker , saying that the shoe retailer is unlikely to drive revenue growth in a recession. Sole said he does not believe "enough bad news is priced in" for Foot Locker and several other softline stocks. UBS said Foot Locker also faces more challenges to growth as Nike — which currently accounts for 70% of Foot Locker's sales — grows its direct-to-consumer businesses. UBS' downgrade comes after Foot Locker issued a mixed fourth-quarter report. Foot Locker shares were down 2.6% during premarket trading on Wednesday.

☆ Hoka sneakers: Why these chunky, ugly running shoes are selling like crazy
▼ + stars: | 2023-01-31 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

Hoka, which started in 2009 in France as a running shoe for hardcore marathoners, is growing rapidly with casual runners, hikers and weightlifters. “There wasn’t anyone doing what Hoka was doing.”But Hoka carved out a niche in specialty running shops. By 2019, Hoka sales topped $220 million. “We don’t see this as just a running brand,” Deckers CEO David Powers said in October. “This is a running, trail, hike brand that is more like a North Face” than Brooks running shoes.

☆ Levi Strauss gives upbeat 2023 sales outlook as demand holds up
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

Jan 25 (Reuters) - Levi Strauss & Co (LEVI.N) forecast annual sales above Wall Street estimates on Wednesday, in a sign that demand for its jeans is holding up better than feared. Shares of the denim maker were up nearly 8% in extended trading after it also topped fourth-quarter sales and profit estimates. However, Levi's said it saw more consumers shopping at its stores in the Americas and Asia, boosting its direct-to-consumer business. Levi's fourth-quarter net revenue of $1.59 billion edged past estimates of $1.57 billion, while adjusted profit of 34 cents per share topped expectations of 29 cents. Reporting by Deborah Sophia in Bengaluru and Kate Masters in New York; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street analysts are more confident in Nike's outlook after strong earnings, improving inventory
▼ + stars: | 2022-12-21 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street analysts think Nike is moving in the right direction after the company reported strong earnings, as well as signs of improving inventory. Meanwhile, Morgan Stanley analyst Alex Straton raised her price target to $138, from $127, following the earnings beat. The new price target implies shares could jump more than 33% from Tuesday's closing price. Bank of America analyst Lorraine Hutchinson reiterated a neutral rating on the stock, but raised her price target to $120, up from $112. "Nike's strong revenue surprised to the upside but the company didn't move through as much inventory as we expected.

☆ Few stores closed in 2022. UBS says get ready for that to change in 2023, starting with department stores
▼ + stars: | 2022-12-19 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +3 min

After a record number of store closures in 2020, retailers have shuttered far fewer doors over the last two years, but that may be about to change, especially for department stores, according to UBS. He also said that he believes the lack of store closures has made it harder for retailers to grow sales. Compares got tougher in 2Q22 as the industry lapped the big store closures. Our view is tough compares remain a reason Department Store sales will remain under pressure in the 1H23." Instead, he said, many store closures that would have occurred in 2021 or 2022 were accelerated by the pandemic.

☆ The retail apocalypse isn't over: it's coming back to bite department stores, experts warn
▼ + stars: | 2022-12-15 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Sales are stalling in 2022, but department store closures have stayed flat since early 2021. "These trends are likely not good for department stores as both luxury companies as well as off-price retailers compete directly with department stores," UBS analysts Jay Sole, Mauricio Serna, Shoshana Pollack, and Tiffany Agard wrote. Department stores like Nordstrom and Kohl's were left with too many stores as consumer spending wanes. Things didn't improve for department stores during the start of the holidays shopping season. According to Commerce Department data, November department store sales were down nearly 3% from last year, and UBS analysts predict department store sales will "remain under pressure" in the first half of 2023.

☆ UBS says PVH can rally more than 35% as Tommy Hilfiger parent transforms its business
▼ + stars: | 2022-12-08 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The fashion company behind brands such as Calvin Klein and Tommy Hilfiger should be in vogue for investors heading into 2023, UBS said Thursday. He said the market is too focused on macro and foreign exchange challenges to understand how PVH can drive relative outperformance compared to competitors. The main driver of its performance will be the "PVH+ Plan," which has the goal of making its brands premium, direct-to-consumer and global that move out of wholesale. On a more technical level, Sole said the company is also a top pick because of its "very attractive valuation." But he said fundamentals would improve along with the stock value, as the PVH+ Plan would help bring the operating margin up to 15% in 2025 from 8.5% in the 2022 fiscal year.

☆ Explainer: The Trump Organization trial is nearing its end. What's the case about?
▼ + stars: | 2022-12-01 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

Here are answers to questions about the accusations the Trump Organization faces. WHAT IS THE TRUMP ORGANIZATION ACCUSED OF DOING? Trump Payroll Corp and the Trump Corporation have been charged with nine counts of scheme to defraud, conspiracy, tax fraud and other crimes. Lawyers for the Trump Organization have sought to shift the blame to Weisselberg, saying he cheated on his personal tax returns to benefit himself, not the company. Mazars cut ties with the Trump Organization this year.

☆ 8 retails stocks to buy from top analysts as Target signals tough times for the sector
▼ + stars: | 2022-11-16 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Target on Wednesday reported that its profit fell by 50% as it tried to clear out excess inventory in the third quarter. To find a list of top-ranked retail stocks, CNBC Pro searched Tipranks for names in the sector rated at least a "strong buy" and with a more than 20% upside to the consensus price target. Callaway Golf has the largest upside to its consensus price target, with analysts saying it could surge more than 79% from where it currently trades. Jefferies boosted its price target on the name after its third-quarter earnings beat expectations and it raised its guidance for the fourth quarter. The company is strongly backed by Wall Street and has a more than 43% upside to its consensus price target as it's been beaten up this year.

☆ UBS calls Ralph Lauren a 'turnaround stock,' sees fashion brand rallying 36%
▼ + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Changes in Ralph Lauren 's business make the clothing brand a good investment coming out of the pandemic, according to UBS. "We view RL as a strong turnaround stock," Sole said in a note to clients. "We think the market doesn't appreciate the transformational changes the company has made to its brand, distribution model, and cost structure." The stock has performed nearly in line with the S & P 500 , shedding 19.7% this year. Sole said Ralph Lauren could soon reach pre-pandemic levels by rolling back promotions, improving its supply chain and lowering expenses.

☆ This new athletic shoe stock could double as its brand becomes a breakout hit globally, UBS says
▼ + stars: | 2022-11-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Shares of Swiss footwear maker On can roughly double from here as its brand becomes a breakout hit globally, according to UBS. Analyst Jay Sole said his buy rating conviction in the stock increased after reviewing the results from a UBS global athletic survey that suggested On could outperform in a crowded market. "UBS Evidence Lab's 2022 Global Athletic Survey reveals the On brand is gaining traction with global consumers. According to a UBS survey, On ranks fifth globally among consumers as a brand that is "good for doing sports," a characteristic the analyst expects is "key to its future success." UBS surveyed 5,500 representative consumers from the US, China, France, Germany, and the United Kingdom, according to the note.

His plea agreement requires him to testify at the trial against the Trump Organization, which operates hotels, golf courses and other real estate around the world. Register now for FREE unlimited access to Reuters.com RegisterJury selection is scheduled to begin on Monday in Manhattan state court. The Trump Organization could face up to $1.6 million in fines for the three tax fraud counts and six other counts that were brought. The company's lawyers also said prosecutors presented no evidence to the grand jury that returned the indictment that the Trump Organization evaded payroll taxes. Two other Trump Organization employees received compensation in the form of lodging and car leases, prosecutors said.

☆ Watch CNBC's full interview with UBS's Jay Sole
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with UBS's Jay SoleJay Sole, retail analyst at UBS, joins 'Power Lunch' to discuss the negative impacts inflation could have on the apparel retail industry during the upcoming holiday season, pointing to difficulties with surplus in inventory and congested supply chains.

☆ Holiday spending forecasts for retail show ongoing inflationary troubles, says
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoliday spending forecasts for retail show ongoing inflationary troubles, saysJay Sole, retail analyst at UBS, joins 'Power Lunch' to discuss the negative impacts inflation will have on the apparel retail industry during the upcoming holiday season, pointing to difficulties with surplus inventory and congested supply chains.

☆ Retailers Face Pressure to Offer Discounts While Battling Inflation
▼ + stars: | 2022-09-23 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Retailers and their finance chiefs are facing a challenge balancing consumer expectations for discounts and the need to keep raising prices to offset high inflation. With more discounts available and additional inventory being sold through off-price retailers, consumers are expecting to find good deals when they go shopping, executives said. Last month, the average discount at such retailers was 16%, up from 15% a year earlier, UBS said. That is prompting competitors—including those that don’t have too much inventory—to fine-tune their pricing strategies, offering discounts to stay competitive even as they grapple with higher costs. The company’s operating margin fell to 15% from 18.1% a year earlier, according to FactSet, a data provider.

☆ Retailers have a serious inventory problem. Here are the stocks most at risk, according to UBS
▼ + stars: | 2022-09-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

UBS said the inventory problem at retailers is worse than investors are expecting, and identified some stocks that will be hardest hit. 2) The Street's 3Q and 4Q gross margin estimates look too high," analyst Jay Sole wrote in a note Wednesday. The findings are an ugly surprise for some investors who expected retailers would resolve inventory issues after the first quarter this year, according to UBS. "Since the industry's sales/inventory spread has deteriorated, we believe the industry's gross margin trend should deteriorate too in Q3. Kohl's inventory jumped at the end of the second quarter, up 48% from the end of the second quarter in 2021, because of lower sales.

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