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The retailer reported holiday earnings on Thursday evening that topped expectations, but showed that its growth in North America is stagnating. During the quarter, sales rose 9% in the Americas, compared to 29% growth in the year-ago period. For the current quarter, Lululemon expects net revenue to be between $2.18 billion and $2.20 billion, representing growth of 9% to 10%. For the full year, it expects sales to be between $10.7 billion and $10.8 billion, compared with estimates of $10.9 billion, according to LSEG. During the quarter, it opened its first men's store in Beijing — a key growth market for the company.
Persons: Lululemon, you've, Calvin McDonald, McDonald, Alo Yoga, it's, Meghan Frank Organizations: LSEG, U.S Locations: U.S, North America, Americas, China, Vancouver, Beijing
Kristen Stewart Uses Naked Dressing to Make a Point
  + stars: | 2024-03-18 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
Even in the context of the current pantsless trend prevalent on the runway and in some celebrity circles, as well as the vogue for thematic dressing at movie openings, Kristen Stewart’s looks during her press tour for “Love Lies Bleeding” have stood out. Rarely has an actress been so unapologetically, gloriously undressed. That’s a lot of subtext under very little — clothing, that is. Margot Robbie had fun dressing à la Barbie during her “Barbie” press tour; Zendaya captured eyeballs and social media during her “Dune: Part Two” camera calls dressed in sci-fi-themed Mugler, Givenchy and Alaïa; and the cast of “Godzilla Minus One” walked the Oscar red carpet in matching lizard-heel footwear. But with her “Love Lies Bleeding” appearances, Ms. Stewart took the concept of character cosplay to a new, more pointed level.
Persons: Kristen Stewart’s, gloriously undressed, Stewart, Tara Swennen, adroitly, Margot Robbie, Barbie, Zendaya, Locations: Givenchy
Business Insider asked three fashion experts to share which shoe trends are in and out for spring. Clogs and mules are easy, comfortable, and popular trends that are on the rise this season. Business Insider spoke to two fashion designers and a stylist about which shoe trends are in and out for spring. AdvertisementBallet-flat-inspired sneakers with openings at the top of the shoe and strap-like laces are coming to the forefront of high fashion, according to fashion designer Jarrah Webster. Edward Berthelot/Getty ImagesAlthough the chunky "dad shoe" silhouette was super popular this time last year, they're falling out of favor.
Persons: , you'll, Jarrah Webster, Webster, Semarah Gabrielle, It's, Claudio Lavenia, Jazmin Monét, Jeremy Moeller, Gabrielle, they're, Edward Berthelot, Monét, they'll Organizations: Service, Ballet, Adidas, Puma, Reebok
With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Earlier this month, Guggenheim analyst Robert Drbul reiterated a buy rating on Nike stock with a price target of $130, adding it as a "best idea." Drbul also expects the Nike brand to be highly visible at the upcoming 2024 Summer Olympics. Drbul holds the 565th position among more than 8,700 analysts tracked by TipRanks. (See Nike Stock Buybacks on TipRanks)BJ's Wholesale Club
Persons: Rafael Henrique, Gregg Moskowitz, SIEM, Moskowitz, CrowdStrike, TipRanks, Robert Drbul, Drbul, Jordan Organizations: CrowdStrike Holdings, Inc, Getty, Flow, Falcon Cloud Security, Nike, Pegasus, BJ's Wholesale Locations: 2H24, North America
Reuters —France’s lower house of parliament on Thursday approved a bill seeking penalties on ultra-fast fashion products, sold by companies like China’s Shein, aimed at helping to offset their environmental impact. All voting lawmakers unanimously approved the bill, which will head to the senate before it can become law. Jade Gao/AFP/Getty ImagesThe bill comes as the French environmental ministry said it would propose a European Union ban on exports of used clothes, in a bid to tackle the worsening problem of textile waste. At the time, the country’s ministry of ecology said that French people throw away 700,000 tons of clothes — two-thirds of which ends up in landfills — each year. Among the world’s most polluting industries, fashion accounts for between 3% and 5% of global carbon emissions, according to consultancy McKinsey’s State of Fashion report.
Persons: CNN Shein, Christophe Béchu, Jade Gao Organizations: Reuters, CNN, Workers, Getty, McKinsey’s State Locations: Zara, China's, Guangdong, AFP, McKinsey’s
“Going forward, the company expects the tax rate to normalize again as its operating profit improves,” Adidas said in a statement. Sales in North America — the company’s second-biggest market — declined more than 16% in 2023, partly because Adidas slashed sales to wholesalers in order to reduce their high levels of inventory. The company expects its sales in the region to fall again this year, by around 5%. Globally, sales of Adidas footwear, which includes popular Samba and Gazelle sneakers, were up 4%, in contrast with a 6% fall for Adidas apparel. On a different measure of earnings, the company recorded an operating profit of €268 million ($293 million) last year.
Persons: Ye, Harm Ohlmeyer, , ” Adidas, Bjørn Gulden, Olesya Dmitracova Organizations: London CNN, Adidas Locations: North America, China
Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory. Currency-neutral sales in North America are expected to decline to a mid-single-digit rate in 2024, but are projected to notch mid-single-digit growth worldwide despite persistent "macroeconomic challenges and geopolitical tensions," the company said. For the fourth quarter, the company posted an operating loss of 377 million euros. "Despite losing a lot of Yeezy revenue and a very conservative sell-in strategy, we managed to have flat revenues. We expected to have a substantial negative operating result, but achieved an operating profit of €268 million."
Persons: Ye, Bjørn Gulden, Yeezy Organizations: Adidas, Kanye, adidas Locations: North America, U.S
Declining foreign investment and a prolonged property slump are just some of the issues that have put pressure on the Chinese economy — and stock market. We're still relatively underweight China, but we've been reducing that underweight [as] some of the stocks there have become really, really cheap." China Market Research Group's Shaun Rein agrees. "If you're a multinational, if you're looking to drive growth over the next three to five years, the next China is China. Shares in Fufeng are held in the iShares MSCI China Small-Cap ETF , while Xinyi Glass shares are held in the Franklin FTSE Hong Kong ETF and SPDR S & P China ETF .
Persons: Kamil Dimmich, CNBC's, we've, Shaun Rein, it's, Salomon, Arc'teryx, Dimmich Organizations: Shanghai, South Capital, Research, Amer Sports, New York Stock Exchange, Stock, Fufeng Group, Ford, General Motors, Hong Kong Stock Exchange, Xinyi, Franklin FTSE, Franklin FTSE Hong Kong ETF Locations: China, It's, India, Vietnam, Franklin FTSE Hong
Core CPI, excluding food and energy prices, was up 3.8% year over year versus 3.7% expected but below January's 3.9%. RBC initiates DexCom with an outperform rating and $165 price target. JPMorgan upgrades Dollar General to neutral from underweight (hold from sell) and hikes price target to $158 per share from $120. The analysts keep an overweight buy-equivalent on Dollar Tree and increase price target to $165 from $157 ahead of earnings this week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Evercore, Raymond James, Mike Roman, William Brown, Jim Cramer's, Jim Cramer, Jim Organizations: CPI, Treasury, Oracle, Apple, underperform, Southwest Airlines, Boeing, Max, RBC, Abbott Laboratories, JPMorgan, Jim Cramer's Charitable, CNBC
As House lawmakers prepare to vote on the bill Wednesday, TikTok is encouraging users to call their representatives with a full-screen notification about the legislation. Okamoto’s TikTok account features videos on women’s health, sex education and the occasional glimpse into her personal life. Her sisters are TikTok creators in their own right, one of whom is using her income from TikTok to pay her own way through college, Okamoto said. It’s so tired,” said Grey Prnce, who together with her spouse, Grayson France, co-manages the TikTok account @officiallyverygay. Thus was born @Got2GoNYC, a TikTok account that aims to map all the publicly accessible toilets in the city.
Persons: Washington CNN — TikTok, TikTok, Shou Chew, Nadya Okamoto, Okamoto, She’s, , ” Okamoto, it’s Chew, , Grey Prnce, Grayson France, Teddy Siegel, Siegel, ducking, @Got2GoNYC, ” Siegel, it’s, Prnce Organizations: Washington CNN, Target, CNN, Chinese Community Party Locations: China, Beijing, United States, New York City, Utah, Salt Lake City
Charli D'Amelio is the second-most followed creator on TikTok, where the 19-year-old former competitive dancer and her sister Dixie have made tens of millions of dollars. But D'Amelio can't be certain how long she'll be able to serve up short viral videos to her 152 million followers. Uncertain of which way the political winds will blow, D'Amelio is looking to build her presence elsewhere. "There's new apps, there's new people, there's exciting new trends. Given the political and national security concerns surrounding TikTok, creators are focusing on other ways they can sell their brand.
Persons: Dixie, China's ByteDance, Joe Biden, Shopify, D'Amelio Organizations: CNBC Locations: New York
The Dartmouth College men’s basketball team achieved a significant milestone last week when they became the first college athletes to vote to join a union. And similar to the 13-2 margin vote in favor of the union at the Dartmouth basketball team last week, the unions are winning these votes overwhelmingly. Organizing athletes still uphill battleThe vote last week by the Dartmouth basketball team rightly got a lot of attention as the first group of college athletes to vote to join a union. Dartmouth basketball players don’t get a scholarship, and the college has announced it will seek to overturn the union vote, arguing that they are not employees. Haskins and Myrthil said they hope the victory of the union vote at Dartmouth will spark union votes on many other teams, including the big dollar programs.
Persons: don’t, Christian Sweeney, , , we’ve, Romeo Myrthil, Cade Haskins, Laura Oliverio, Nadine Formiga, Sian Beilock, CNN’s Poppy Harlow, Dartmouth “, ” Romeo Myrthil, CNN Haskins, Myrthil, they’re, ” Haskins, Haskins, who’s, , ’ ”, Douglas Murphy, CNN “, Murphy, Ed Burns, Dartmouth, he’s, “ You’re, “ Will, ‘ We’ll, ” Burns, “ They’re, Jim Harbaugh, Harbaugh, you’ve, It’s, Robert F, Logan Mann, Mann Organizations: New, New York CNN, Dartmouth College men’s, AFL, Dartmouth men's, Dartmouth, Columbia University, CNN, National Labor Relations Board, California State University, CSU Employees Union, Student Workers, , NLRB, Dartmouth men’s, Ivy League, Michigan, Alabama, NCAA, University of Michigan, Department, NFL, United Electrical, Machine Workers of America, Dartmouth College Locations: New York, New York City, Dartmouth, Sweden, America, Minneapolis, Columbia, . Michigan, Hanover, N.H
Read previewIvanka Trump's days as a prominent White House advisor are behind her, and she's got a new image in the works. Donald Trump and Ivanka Trump on March 20, 2020 in Washington, DC. AdvertisementJared Kushner and Ivanka Trump walk on the south lawn of the White House on November 29, 2020. In the White House, Ivanka's style was professional and predictableAs an advisor, Ivanka's style while working at the White House can be summed up in a few words: professional, feminine, and safe. AdvertisementDon Jr., Donald Trump, and Ivanka Trump on "The Celebrity Apprentice" in 2009.
Persons: , she's, It's, Donald Trump, Ivanka Trump, Alex Wong Namely, Ivanka, Jared Kushner, Tasos Katopodis, Trump, minidresses, Don Jr, Bill Tompkins, Escada, Marcus, Steven Mnuchin, Oscar, la, Neiman Marcus, Donald, Mitra Ahouraian, I'm, Alessandra Rich, Emilio Pucci, Pucci, Kim Kardashian, Monique Lhuillier, Ahouraian, Kardashian, Kushner, Ambani, Manish Malhotra Organizations: Service, White, Business, New York, Trump Org, White House, Getty, Neiman, Footwear News, United, Treasury, Mail, Gucci, Miami Grand Prix, Footwear, Fontainebleau Locations: Washington , DC, New, New York City, Florida, New York, United States, Fontainebleau Las Vegas, India
Ukraine's Ministry of Defense said last October that almost 43,000 women are currently serving in the military, a 40% increase since 2021, before Russia's full-scale invasion. Female combatants in Ukraine say the war is changing societal perceptions of a woman's strength, capabilities and worth, but change doesn't happen overnight. "At anything else, military women are no different from men ... [and] the more women there are who perform their duties well, the better the attitude towards military women becomes. Ukraine's defense ministry is also keen to highlight efforts it has made to level the playing field for female recruits. It's a far cry from 2021 when Ukrainian female troops were photographed practising for a parade wearing high heels with onlookers calling the policy sexist and idiotic.
Persons: Tsybukh, Olena Bilozerska, I'm, Bilozerska, Bilozeska, Olena, Metin, Volodymyr Zelenskyy, , It's, Drahaniuk, Yuliia Organizations: Ukrainian, Assault Brigade, Anadolu, Getty, Ukraine's Ministry of Defense, CNBC, Medical Battalion, Anadolu Agency, Ukraine, Ministry of Defense Locations: Zaporizhzhia, Ukraine, Russia, Crimea, Donbas, Ukraine's, Donetsk, Ukrainian, Lviv, Soviet, Kyiv, Yuliia
New York CNN —Members of the Dartmouth College men’s basketball team Tuesday became the first college athletes to vote to join a union, a significant milestone in the rapidly changing business for collegiate sports. The team members voted 13-2 in favor of the union, according to the National Labor Relations Board, which oversees union representation votes for private employers. The affirmative vote does not automatically mean that there will be a union for members of the the team. Dartmouth has already indicated it will appeal the decision by the NLRB to recognize the players as employees who are eligible to join a union. They are among the best paid union members in the country.
Persons: Sian Beilock, CNN’s Poppy Harlow, Dartmouth “ Organizations: New, New York CNN, Dartmouth College men’s, National Labor Relations Board, Dartmouth, NLRB, Dartmouth men’s, Department of Education, National Collegiate Athletic Association, NCAA, National Basketball Association Locations: New York, America, American
Super Micro Computer , Deckers Outdoor — The technology firm and athletic footwear designer respectively popped 27% and nearly 3% after S & P Dow Jones Indices announced Friday that the two stocks would be added to the S & P 500 on March 18. Super Micro Computer and Deckers Outdoor will replace Zions Bancorpation and Whirlpool , which will move to the S & P MidCap 400 Index. Macy's — Shares skyrocketed 16% after Arkhouse Management said it and Brigade Capital Management have raised their offer for the department store . DoorDash — Shares jumped more than 5% after RBC upgraded the food delivery company to outperform from sector perform. Lyft — The ride-sharing platform added 6% after RBC upgraded the stock to an outperform rating from sector perform.
Persons: Dow, Zions, , Lyft, Morgan Stanley, Li, Piper Sandler, Ford, CNBC's Michelle Fox, Alexander Harring, Hakyung Kim, Tanaya Macheel, Yun Li, Jesse Pound, Samantha Subin Organizations: Micro Computer, Dow Jones, Whirlpool, Arkhouse Management, Brigade Capital Management, Apple, European, Miners, Marathon Digital, Cipher Mining, Iris Energy, RBC, Kyverna Therapeutics, Wells, JPMorgan, Ferrari —, Citi, Li Auto, Dutch Bros, American Airlines —, Max Locations: Wells Fargo
Snowflake said it expects product revenue to range between $745 million and $750 million in the current period, below the $759 million analysts polled by StreetAccount expected. Okta said its expects revenues to range between $603 million and $605 million, surpassing a FactSet estimate of $583.8 million. Celsius posted 17 cents in earnings per share on $347.4 million in revenue for the fourth quarter. Nutanix posted earnings of 46 cents per share on revenues totaling $565 million. The data storage company posted earnings of 50 cents per share on $790 million in revenue.
Persons: Frank Slootman, Snowflake, StreetAccount, Morgan Stanley, Salesforce — Salesforce, Okta, Duolingo, LSEG, Nutanix, , Alex Harring, Tanaya Macheel, Michelle Fox, Lisa Han, Jesse Pound, Sarah Min, Pia Singh Organizations: Revenue, Bank of America, AMC, AMC Entertainment, Wall, Paramount, LSEG, CNBC Warner Bros, FactSet, HP — Locations: Canada, FactSet .
It posted earnings of 41 cents per share, excluding items, on revenue of $3 billion. Analysts polled by FactSet had called for earnings of 34 cents per share on $2.91 billion in revenue. C3.ai — The artificial intelligence software stock advanced more than 24% after C3.ai posted a narrower-than-expected adjusted loss per share of 13 cents. Pure Storage — Shares jumped more than 22% after the data storage company posted stronger-than-expected fourth-quarter earnings and upbeat first-quarter guidance. However, fourth-quarter revenue of $1.1 billion did top LSEG estimates of $1.05 billion.
Persons: FactSet, Morgan Stanley, Chemours, , Birkenstock, Snowflake, Frank Slootman, LSEG, Duolingo, Alex Harring, Yun Li, Michelle Fox Theobald Organizations: Beverage, RBC, Bank of America Securities, Bank of America, Paramount, AMC Entertainment
Roach is even more bullish than many on Wall Street with a price target of $21 per share. Like many peers on the Street, she sees the company getting a boost from market share growth and an expansion of direct-to-consumer. Multiple analysts deemed Arc'teryx the "crown jewel' of Amer's portfolio. Though Arc'teryx provides a key reason for bullishness, analysts also have their eyes on other well-known brands in the portfolio. "But, the business faces an uncertain 1H24 wholesale backdrop, & comes with single-segment growth & profitability expansion reliance, multi-brand portfolio volatility risk, & high relative leverage levels."
Persons: Wilson, Arc'teryx, FactSet, Goldman Sachs, Brooke Roach, Roach, She's, Amer, Lorraine Hutchinson, Matthew Boss, Paul Lejuez, Salomon, Baird, Jonathan Komp, Amer's, Jay Sole, Morgan Stanley, Alex Straton, Straton Organizations: Amer, New York Stock Exchange, DTC, Bank of America, Amer Sports, Citi, UBS Locations: China
I've been working as a celebrity stylist for over 10 years, and I've seen my share of bad trends. AdvertisementI've worked as a celebrity stylist for over a decade, so I've seen plenty of trends come and go — many of which will never make their way into my closet. Wedges are heavy, and the style isn't here to stayI'm 5-foot-9, and I love showing off my legs by wearing shoes that give my ankles a run for their money. If you think I'm wrong, trying packing them for a trip. But when I'm wearing colors, I feel bold, beautiful, and ready to face new challenges.
Persons: I've, I'm, , Jessica Simpson, Sandra Okerulu, Crocs weren't, they're, I'd Organizations: Service, Air Force Locations: Tahiti
Defense officials tell CNBC as of February 21, there have been at least 59 attacks on commercial shipping interests in the Red Sea. But the EU said the Red Sea moves reflect the need for a stronger European presence in protecting ships from Houthi attacks. Trade leaders have urged more countries to join the military effort in the Red Sea. A war of misinformation in the Red Sea crisis also continues. On February 2 in Brussels, Borrell informed Yemeni Prime Minister Bin Mubarak about the plans to launch a new EU maritime operation in the Red Sea and about its mandate.
Persons: Mason, Torm Thor, Good Hope, Peter Stano, Josep Borrell, Mark Montgomery, Sen, John McCain, Steven Lamar, Hussein, Azzi, Stano, Houthis, Borrell, Bin Mubarak, Rashad Al, Carl Bentzel, Bentzel, Tesla Organizations: European Commission, United States Central Command, Command, U.S, CNBC, European Union's Naval Force, EU, French Navy, Prosperity, Prosperity Guardian, EU Commission, Navy, Foundation, Defense of Democracies, Senate Armed, NATO, U.S . Central Command, UK, Prosperity Guardian . Trade, American Apparel and Footwear Association, Central Command, Yemeni, Presidential, Council, UN, Federal Maritime, Foreign Shipping, State Department, FMC, Walmart Locations: Aden, Iranian, Yemen, Red, Libyan Coast, Good, Somalia, European, EU, U.S, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Houthi, Europe, Suez, Belize, Brussels, Yemeni, United States, Egypt, Germany, Israel
This winter, I spent two days in one of New York City's biggest tourist spots: Times Square. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But I try to avoid Times Square — one of New York City's biggest tourist destinations — as much as I can. But this winter, I took a staycation there when I spent a night at Jimmy Buffett's Margaritaville. I walked through Times Square, visited the M&M's store, the Disney store, and the Krispy Kreme flagship, and I ate a meal at the Hard Rock Cafe.
Persons: , I've, Jimmy Buffett's Margaritaville Organizations: New York City's, Service, Times, Disney, Business Locations: New York, New York City, Manhattan
Oppenheimer has refreshed its monthly list of top stocks to include several new tech names. With this in mind, analysts Oppenheimer refreshed its list of top picks in the market. New additions to the list include NXP Semiconductors , CyberArk Software , AppLovin and Expedia . Take a look at some of the other names on the list below, and where Oppenheimer analysts see them going forward. CYBR YTD mountain CyberArk Software shares Athleisure company Lululemon is another one of Oppenheimer's favorite picks.
Persons: Oppenheimer, NXP, Rick Schafer, Ittai Kidron, Brian Nagel, Nagel, LULU, CNBC's Michael Bloom Organizations: Semiconductors, CyberArk, Software Locations: Netherlands
A TikToker thought she found her dream pair of Prada loafers at a Goodwill boutique for $300. TikToker Maiya Mindoro learned that the hard way after purchasing her dream pair of $1,200 Prada shoes at a Goodwill boutique for $300, only to realize later they were counterfeits. AdvertisementShe said she accepted her mistake after comparing the shoes to other Prada items she'd purchased directly from the brand. Specifically, she noticed clear differences in the logo nameplates, which are flat on authentic Prada items but often textured on counterfeit pieces. And because brick-and-mortar Goodwill stores are all operated independently, as Bell pointed out, each has its own process for authenticating goods.
Persons: Prada, , Goodwill Colorado, she'd, It's, Stephanie Bell, Ralph Lauren, Bell Organizations: Service, Goodwill, Goodwill Colorado Locations: Denver, Mindoro, Goodwill Colorado
The website says it has no connection to Trump's campaign, though Trump campaign officials promoted the appearance in online posts. Trump's appearance was met with clashing boos from his detractors and chants of “USA!” from supporters who arrived at the sneaker event decked out in Trump gear. The attendees skewed younger and more diverse than Trump's usual rally crowds and some black attendees were seen leaving as Trump spoke. Trump's campaign is hoping he will be able to win over more young and minority voters, particularly young Black men, in a likely rematch against President Joe Biden in November. The new sneaker website says it is run by CIC Ventures LLC, a company that Trump reported owning in his 2023 financial disclosure.
Persons: Donald Trump, hawking, ” Trump, Trump, Jean Carroll, photoshopped, LOVE, I’ve, Joe Biden, , Biden, Michael Tyler, “ Donald Trump, ___ Colvin Organizations: PHILADELPHIA, Republican, Trump, Philadelphia Convention Center, , White House, LOVE TRUMP, D.C, CIC Ventures, CIC Digital LLC, Harris, Air Force Locations: Philadelphia, ” cologne, New York, Washington, Michigan, Detroit
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