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☆ Gen Zers need to ditch the Nike Air Force 1 sneakers and wear more 'office-friendly' shoes to work, according to a stylist
▼ + stars: | 2024-02-14 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewGen Z are still learning the ins and outs of office workwear, and the biggest style mistake they’re making is not investing in "office-friendly" shoes, according to a stylist. This story is available exclusively to Business Insider subscribers. Gen Z men can wear dress shoes, boots, or white court sneakers from brands like Veja, Common Projects, and Nisolo. Gen Z workers have been getting flak for showing up to the office in inappropriate workwear.

Persons: —, Liz Teich, Teich, Kate Hart Finnigan, Gen, Adidas Stan Smiths Organizations: Service, Nike Air Force, Business, Adidas Locations: New York, Teich

Woods introduced his lifestyle brand Sun Day Red on Monday evening the day after the Super Bowl and during the middle of Hollywood's awards season. He's transitioning to the next phase of his career with TaylorMade Golf after he parted ways with Nike after 27 years. Some in the fashion community believe Woods can survive without sporting Nike's popular swoosh on chest. “The brand has a lot of potential, with Tiger being the face of it, and the machine pushing it. Woods already had a deal with TaylorMade for clubs and with Bridgestone for the golf ball.

Persons: Woods, He'll, ”, Allen Onyia, Tiger, ” Onyia, he's, Kultida, Angela Watts, Watts, ” TaylorMade, David Abeles, ” Watts, “ Organizations: ANGELES, Super, TaylorMade, Nike, “, Atlanta, Bridgestone, PGA Locations: United States, Canada

☆ Tiger Woods signs apparel and footwear deal with TaylorMade following his split with Nike
▼ + stars: | 2024-02-12 | by ( Jessica Golden | ) www.cnbc.com time to read: +4 min

Tiger Woods at the practice range on April 5, 2022, before the start of the 2022 Masters at Augusta National Golf Club in Augusta, Georgia. Woods says the name of the brand "Sun Day Red" is a tribute to the fact that he's always worn red on Sundays. The tiger logo is a tribute to the 15 majors he has worn over the course of his career. The brand, Sun Day Red , will be available first only online beginning in May. Tiger Woods and TaylorMade have made it official.

Persons: Tiger Woods, Woods, Tiger, TaylorMade, David Abeles, Abeles, Mark Steinberg, Michael Jordan, Eric Smallwood, Smallwood, Rory McIlroy, That's, Josh Gerben, Gerben Organizations: Augusta National Golf Club, PGA, Sun, Nike, CNBC, TaylorMade, Air, Apex Marketing, of Famer, Apex, ESPN, Ventures, Gerben, CNBC PRO Locations: Augusta , Georgia, Pacific Palisades , California, Carlsbad , California, TaylorMade, Los Angeles

☆ Tiger Woods launches apparel partnership with Taylormade after 27-year Nike partnership ends
▼ + stars: | 2024-02-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

Los Angeles CNN —Tiger Woods has found a new look after splitting up with Nike, his longtime partner, last month. On Monday, Woods announced that he would be partnering with Taylormade to launch a new apparel brand — Sun Day Red. Courtesy Sun Day RedThe golf legend’s new brand partnership comes one month after Woods and Nike announced the end of their 27-year partnership. Even as a sex scandal nearly 15 years ago drove sponsors like Gatorade and AT&T away from Woods, Nike stood by Woods’ side. Sun Day Red will sell both athletic and lifestyle wear, according to Taylormade CEO David Abeles.

Persons: Woods, Taylormade, ”, ” Woods, David Abeles, Abeles, Bob Dorfman, “, Ramishah Maruf Organizations: Los Angeles CNN, Nike, Sun, Taylormade, Woods, Greater Milwaukee, Gatorade, CNN, Baker Locations: Los Angeles, Pacific Palisades, Woods

☆ Forget the Ritz. I dined at a restaurant inside a London prison, and it's the best place to eat in the city.
▼ + stars: | 2024-02-11 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +5 min

Read previewI've lived in London for nearly two years and have been visiting the capital city for even longer. The food scene is pretty diverse, and London has a reputation for having chain restaurants and upscale dining experiences, like the Ritz and after-the-theater restaurants around Covent Garden. But recently, I dined at quite the hidden gem: The Clink Restaurant inside Brixton Prison. Entering the prison reminded me of going through airport securityWe had to go through security before entering the restaurant. The restaurant is located in the center of the prison courtyardThe Clink is housed in a converted governor's house that dates back to 1819.

Persons: —, Eibhlis Gale, Coleman, I've, JUSTIN TALLIS, Granny Smith, I'd, frazzled Organizations: Service, Ritz, Business, Getty Locations: London, Covent, Brixton, It's, Yorkshire

☆ Gen Z doesn't know how to dress for work. Here are 5 fashion tips to elevate your workwear, according to stylists.
▼ + stars: | 2024-02-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +8 min

We chatted to two corporate stylists to find out how the younger gens can elevate their work style:1. You should be covered 'from nips to knees'Maree Ellard styled in a corporate outfit. Invest in some great work shoesIt's time to put aside those casual Nike Air Force 1 sneakers and invest in more stylish work shoes, Teich says. Play around with accessories, details, and colorMaree Ellard styled in a corporate outfit. Keep the designer logos to a minimumMaree Ellard styled in a corporate outfit.

Persons: —, Zers, Ryan Vogel, they're, Maree Ellard, Maree, Ellard, Liz Teich, Teich, It's, Kate Hart Finnigan, Adidas Stan Smiths, it's Organizations: Service, Business, Fox School of Business, Temple University, eBay, Invest, Nike Air Force, Adidas Locations: Australia, New York, Zara

☆ These stocks, including Lululemon, are breaking down even as the S&P approaches 5,000
▼ + stars: | 2024-02-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

As the S & P 500 notches all-time highs, some big names like Lululemon Athletica and Comerica are among more than a dozen stocks trading below their 50-day moving averages. A stock's 50-day moving average is the mean of its 50 most recent closing prices at any given point. We searched the index for stocks that fell below their 50-day moving averages in the past five days and that remain below that level, according to FactSet. Comerica is another name trading below its 50-day moving average of $52.68 per share. Other stocks trading below their 50-day moving average include manufacturer Honeywell and transportation company C.H.

Persons: Lululemon, Raymond James, —, FactSet, Wells Fargo, Robinson Organizations: Comerica, Investment, Nike, Analysts, Honeywell Locations: Dallas

☆ Whatever Happens at the Super Bowl, She’s Already Won
▼ + stars: | 2024-02-09 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

Whichever team takes home the Vince Lombardi Trophy in Super Bowl LVIII, the San Francisco 49ers or the Kansas City Chiefs, there is already one indubitable winner. Not Taylor Swift, whose interest in football has attracted almost as many conspiracy theorists as fans, or even the N.F.L. itself, which is trying to figure out how to hang onto its sudden influx of Taylor-related female fans, but rather another player’s significant other: Kristin Juszczyk. On Sunday, as her husband takes the field, Ms. Juszczyk, 29, will be in the stands, modeling one of her creations to an estimated 200 million viewers. And Ms. Juszczyk didn’t even have to buy a $7 million 30-second ad spot to get it.

Persons: Vince Lombardi, Taylor Swift, Taylor, Kristin Juszczyk, Juszczyk, Kyle Juszczyk, Juszczyk’s, Olivia Culpo, Christian McCaffrey, Brittany Mahomes, Patrick Mahomes, Swift Organizations: San Francisco 49ers, Kansas City Chiefs, 49ers, Footwear, Vogue Locations: catwalks

☆ Trade leaders urge governments around the world to join Red Sea military effort
▼ + stars: | 2024-02-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Trade associations representing sectors across the global economy have joined an open letter urging more governments around the world to join Red Sea maritime security efforts. Currently, U.S.-led Operation Prosperity Guardian is the primary military defense effort protecting merchant vessels that have come under attack from Houthi rebels in the Red Sea. The trade groups' letter comes at a time when the scrutiny of military efforts in the Red Sea is rising within countries that have taken a lead role, including the U.S. Senators on the Foreign Relations Committee, as well as House representatives, have recently questioned the Biden administration's unilateral authorization of Navy action in the Red Sea that can be on behalf of foreign-flagged vessels. Despite political pressure, the flow of global trade remains heavily reliant on the use of foreign vessels.

Organizations: CNBC, American Apparel and Footwear Association, National Retail Federation, Prosperity Guardian, U.S, Senators, Foreign Relations, Biden, MDS Transmodal Locations: Red, U.S, France

☆ A fascination with the so-called 'white girl aesthetic' of Stanley cups and Lululemon fits is taking over Chinese social media
▼ + stars: | 2024-02-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Chinese social media users are into the "white girl aesthetic" and crafting guides on the look. AdvertisementChinese social media has found a new, fascinating trend to follow — the "white girl aesthetic." One Xiaohongshu user posted what she called a "starter pack" for the "white girl aesthetic." Her checklist — apart from Lululemon gear and the Stanley cup — included items such as Apple Airpods Max headphones and Tiffany jewelry. XiaohongshuThe reason athleisure like Lululemon is important for the "white girl" aesthetic, the social media said, is because clothing that's too fancy throws the aesthetic off and doesn't fit the vibe.

Persons: —, Max, Tiffany, gaga, Stanley, Stanleys, isn't, it's, commenter, influencers Organizations: Service, Apple Locations: West

The Fall-Winter 2024 edition of Seoul Fashion Week, which wrapped up earlier this week, saw runway shows from more than 20 established and emerging brands. Jean Chung/Getty ImagesA Fashion Week attendee in all-black, complete with hoodie, bomber jacket and chunky futuristic footwear. Jean Chung/Getty ImagesJeong Yoon-gyeong, left, and Lee Yosep, right, wear gray bags from South Korean label Nos Couleurs. Jean Chung/Getty ImagesModels (from left) Yun Mi-young, 58, Choi Soon-hea, 80, and Kang Seun-hee, 64, on the first day of Seoul Fashion Week. Jean Chung/Getty ImagesWearing a black dress and adorned with lipstick kisses, model Shlee Nau was excited to see South Korean brand Ulkin's show.

Persons: Sooy Park’s, Maison, Jean Chung, Kahyun Lee, CNN Parnika, ” Kahyun Lee, CNN Ha, Choi, Jeong Yoon, Lee Yosep, Yun Mi, Kang Seun, Kang, Soeun Kim, CNN Wu Qin Qin, Shlee Nau, Kang Hyun, Jeong Organizations: South Korea CNN, Seoul Fashion, Maison Nica, CNN Locations: Seoul, South Korea, York, London, Milan, Paris, South, South Korea’s

☆ What is Lunar New Year? A 2024 guide to the Year of the Dragon
▼ + stars: | 2024-02-07 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +8 min

Whether you’re unfamiliar with Lunar New Year or need a refresher, this guide will highlight some of the most common traditions associated with the occasion. Tourists visit a Lunar New Year Lantern Festival in Shanghai on January 21, 2024. Though incredibly complex, the Chinese zodiac calendar is best described as a 12-year cycle represented by 12 different animals, in this order: Rat, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog and Pig. Festive cakes and puddings are made on the 24th day of the last lunar month (February 3 in 2024). Day 3: Visit a templeDay three of the Lunar New Year (which falls on February 12 in 2024) is named “chi kou/cek hau,” or red mouth.

Persons: Sui, ”, Nian, gao ”, You’ll, It’s, warding, kou, cek hau, it’s, Yuan Xiao Jie, Yuan, Xiao Organizations: Hong Kong CNN, Lantern, fai chun, Visitors Locations: Hong Kong, Shanghai, China, Asia, Malaysia

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Target, Amazon, Quest, Deckers, Alphabet & more
▼ + stars: | 2024-02-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies initiates Sprout Social as buy Jefferies said the social media software provider is a market leader. Morgan Stanley names Huntington Bancshares a top pick Morgan Stanley said it likes the regional bank's low exposure to commercial real estate. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley raised its price target on Nvidia to $750 per share from $603. Morgan Stanley downgrades Aptiv to underweight from equal weight Morgan Stanley said it sees slowing growth for the automotic tech company. Jefferies initiates ZoomInfo as buy Jefferies initiates the software data company with a buy and says it sees new customer growth.

Persons: Redburn, Key, it's, Gordon, Gordon Haskett, Jefferies, Steven Madden, Morgan Stanley, Huntington, Morgan Stanley downgrades Aptiv, Piper Sandler, Piper, Davidson, Goldman Sachs, Goldman, DA Davidson, it's bullish, Oppenheimer Organizations: Services, Bank of America, Google, Leerink, SPT, Citi, JPMorgan downgrades New York Community Bancorp, JPMorgan, Jefferies, Nvidia, Crown Holdings, Holdings, Civitas Resources, Corp, Vans, VF Corp, Bank of America downgrades, York Community Bancorp, New, Apple, Apple's Locations: F24E, New York

☆ Stocks making the biggest moves midday: Roblox, Enphase Energy, Snap, Alibaba and more
▼ + stars: | 2024-02-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Adjusted earnings per share for the fourth quarter came in at 54 cents, slightly below the 55 cents expected from analysts polled by FactSet. Yum Brands — The restaurant stock added 3% despite Yum Brands' adjusted earnings and revenue miss for the fourth quarter. Adjusted earnings per share came in at 77 cents, topping the consensus estimate of 62 cents, according to FactSet. The company added about 300,000 net digital-only subscribers quarter over quarter, but advertising revenues came in below the company's guidance. Chipotle Mexican Grill — Shares added 8% a day after the fast-casual restaurant chain reported stronger-than-expected adjusted earnings and revenue.

Persons: Alessandro DiNello, Badri Kothandaraman, Alibaba, Amgen, Chipotle, Sonos, Walt Disney, Walt Disney's, Discovery, Fox, Alex Harring, Brian Evans, Sarah Min, Hakyung Kim Organizations: LSEG, New York Community Bank, Moody's Investors, New, Community, Enphase Energy, FactSet, Revenue, Yum Brands, KFC, Taco Bell, LSEG . Revenue, Leerink Partners, CVS, New York Times, Warner Bros, Discovery, Fox, Walt Disney's ESPN, Walt Disney, Disney, Cirrus Locations: LSEG ., Israel, Alibaba —, FactSet, FactSet .

☆ Stocks making the biggest moves after hours: Chipotle, Snap, Ford, Warner Bros. Discovery and more
▼ + stars: | 2024-02-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Mercury Systems — Shares of the technology company fell nearly 12% after missing Wall Street estimates in the fiscal second quarter. Viasat — Shares in the communications firm gained more than 5% after Viasat surpassed Wall Street estimates for revenue in the third quarter. The company notched revenue of $1.13 billion while analysts polled by FactSet forecast $1.11 billion. Analysts polled by LSEG expected the company to earn 77 cents per share on revenue of $3.24 billion. Chipotle — Shares added nearly 3% after beating Wall Street estimates on the top and bottom lines in the fourth quarter.

Persons: FactSet, LSEG, Chipotle Organizations: Mercury, Viasat —, Viasat, Wall, FactSet, LSEG, Corp, —, Gilead Sciences, Gilead Sciences — Stock, Ford — Stock, Ford, Disney, Warner Bros, Discovery, Fox Corp, Fox, Warner Bros ., ESPN Locations: Gilead, Gilead Sciences —

☆ Dartmouth basketball team could become first unionized college athletes
▼ + stars: | 2024-02-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Basketball players at Dartmouth will get a chance to vote on whether to join a union, a potential breakthrough in efforts to unionize the lucrative business of college sports. The NLRB’s regional director in Boston ruled that because Dartmouth “has the right to control the work performed by the Dartmouth men’s basketball team, and the players perform that work in exchange for compensation, I find that the petitioned-for basketball players are employees.”Dartmouth will challenge the finding, Dartmouth President Sian Beilock told CNN Tuesday. We believe our athletes are students,” she told Poppy Harlow on CNN This Morning. Professional sports is one of the most heavily unionized sectors of the economy, with athletes in all four major team sports played in the United States being union members. But there is less a question that those students are employees, since they receive W-2 forms and pay as their compensation.

Persons: Dartmouth “, ”, Sian Beilock, “, Poppy Harlow Organizations: New, New York CNN — Basketball, Dartmouth, National Labor Relations Board, Dartmouth men’s, ” Dartmouth, CNN, Employees International Union, NLRB, Northwestern University Locations: New York, Boston, United States

☆ Stocks making the biggest premarket moves: Meta, Amazon, Bristol-Myers Squibb, Chevron and more
▼ + stars: | 2024-02-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Amazon — The e-commerce giant popped nearly 7% a day after posting an earnings and revenue beat . Revenue came in at $1.56 billion, topping the consensus estimate of $1.45 billion. The company reported $2.48 earnings per share, while analysts polled by LSEG had expected $2.21 per share. Analysts polled by LSEG expected guidance of $8.9 billion in revenue and earnings of $4.18 per share this year. Cinga also raised its full-year revenue outlook to at least $235 billion, topping the consensus estimate of $228.65 billion, per StreetAccount.

Persons: Amazon's, LSEG, Skechers, —, Clorox, Cigna, Cinga, Mattel, Hakyung Kim, Sarah Min, Jesse Pound Organizations: LSEG, Revenue, Myers, Chevron, LSEG . Revenue, Exxon Mobil —, Apple —, Apple, Technology, Journal, Barington, Mattel, Citi, Sea Limited Locations: Bristol, China

☆ Columbia CEO says warm winter affected company’s fourth-quarter sales
▼ + stars: | 2024-02-02 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Columbia Sportswear CEO told CNBC's Jim Cramer on Friday that the company is still heavily dependent on winter weather for sales and is looking or opportunities to venture out after reporting disappointing fourth-quarter earnings. Columbia, known for its winter apparel, faces challenges with increasingly warm weather. "Those kinds of things can keep us straight and narrow and a time when the business has been more challenged." Columbia shares were down 0.87% on Friday after the bell after the company reported weaker than expected earnings. However it expects 2024 to be a challenging year as "retailers are placing orders cautiously, and economic and geopolitical uncertainty remains high."

Persons: CNBC's Jim Cramer, Boyles, Boyle, We're Organizations: Columbia

☆ Stocks making the biggest moves midday: Meta, Apple, Intel, Amazon, Clorox and more
▼ + stars: | 2024-02-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Apple — The iPhone maker's shares inched down 0.3% after Apple provided financial guidance for the current quarter that hinted at weak iPhone sales. Amazon posted $1 in earnings per share on $169.96 billion in revenue, according to LSEG. Analysts polled by LSEG had estimated $8.9 billion in revenue and earnings of $4.18 per share this year. Bristol Myers Squibb — The pharmaceutical stock added 1% after fourth-quarter earnings and revenue at the maker of the Opdivo anti-cancer treatment beat analysts' estimates. ExxonMobil , the largest oil company in the U.S., rose 1% after its fourth-quarter earnings per share topped analysts' estimates.

Persons: LSEG, Cigna, Barbie toymaker, Clorox, —, Alex Harring, Yun Li, Tanaya Macheel, Michelle Fox Organizations: Revenue, Apple, Amazon, Analysts, Bristol Myers Squibb, LSEG . Revenue, Wall, Mattel —, Barington, Mattel, Price, Chevron —, Chevron, LSEG, ExxonMobil, Intel, Street Journal Locations: China, U.S, Ohio

☆ Stocks making the biggest moves after hours: Meta, Amazon, Apple, Skechers and more
▼ + stars: | 2024-02-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Meta — The technology stock soared more than 14% after posting better-than-expected fourth-quarter earnings of $5.33 per share on revenue of $40.11 billion. That exceeded the earnings of $4.96 per share on $39.18 billion in revenue LSEG had expected. Deckers' revenue of $1.56 billion also surpassed the $1.45 billion LSEG had forecast. Skechers is calling for 2024 revenue of $8.6 billion to $8.8 billion and earnings of $3.65 to $3.85 per share. Meanwhile, Coursera reported revenue of $168.9 million, higher than the $164.1 million consensus.

Persons: Dave Powers, Stefano Caroti, Skechers, LSEG, Clorox, Coursera, FactSet, — CNBC's Alexander Harring, Darla Mercado Organizations: FactSet, LSEG, Columbia, Apple Locations: Columbia, China

☆ Stocks making the biggest moves midday: Peloton, Honeywell, Norfolk Southern, Boot Barn and more
▼ + stars: | 2024-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Meanwhile, analysts polled by LSEG, formerly known as Refinitiv, forecast earnings of 81 cents per share and $4.34 billion in revenue. Peloton — Shares fell more than 23% on the back of the company's bleak outlook for the current quarter and full-year sales. Peloton is forecasting sales to come in between $700 million and $725 million for the quarter. Analysts polled by LSEG expected revenue of $9.70 billion. Adjusted earnings per share came in at $2.10 versus the $1.66 expected from analysts polled by StreetAccount.

Persons: Robinson, Nextracker, Wolfspeed, MaxLinear, Qorvo, TD Cowen, Gabe Daoud Jr, — CNBC's Pia Singh, Lisa Kailai Han, Jesse Pound, Hakyung Kim, Spencer Kimball, Scott Schnipper Organizations: LSEG, —, Honeywell, New York Community Bank, Regional Banking, Western Alliance, T Bank, Norfolk Southern, Ancora Holdings, Street Journal, Merck —, Merck, FactSet, StreetAccount, Revenue, Qualcomm, Citi

☆ Lululemon to launch first men's footwear line as it chases growth in crowded athletic apparel space
▼ + stars: | 2024-02-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Lululemon is launching its first men's footwear line and casual sneaker as the retailer looks for new avenues of growth in the increasingly crowded athletic apparel space, the company announced Thursday. The retailer is debuting its first casual sneaker, dubbed "cityverse," along with two new running shoes that will all come in both men's and women's styles for the first time. Cityverse will launch Feb. 13, while the new running models will debut in March and May. Lululemon's foray into men's footwear is part of a larger strategy the company announced in April 2022 to double its men's business and grow revenue to $12.5 billion by 2026. Still, the launch is just "icing on the cake and a bonus" for Lululemon because the company's growth strategy "isn't reliant on footwear," said Neuburger.

Persons: Nikki Neuburger Organizations: CNBC

☆ Attacks on ships in the Red Sea are disrupting global trade. Here’s how it could affect what you buy
▼ + stars: | 2024-01-28 | by ( ) www.cnbc.com time to read: +8 min

Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia's invasion of Ukraine. The normal route — three weeks via the Suez Canal — has been shut down by the Houthi attacks. Chief executive Stuart Machin said the Red Sea trouble was "impacting everyone and something we're very focused on." For Europe, the impact is even bigger: 40% of clothes and 50% of shoes traverse the Red Sea. Norwegian fertilizer giant Yara said it was "only mildly impacted by the transit challenges in the Red Sea."

Persons: It's, Petersen, Ryan Petersen, Clifton Broumand, Broumand, it's, Tesla, Spencer, Stuart Machin, Steve Lamar, Lamar, Flexport, Katheryn Russ, Davis, Judah Levine, Freightos, Russ, Obama, Carlos Tavares, Stellantis, Jan Hoffmann, Frank Conforti, Conforti Organizations: Galaxy, Houthis Media, Getty, Machine, Hamas, Volvo, Suzuki Motor Corp, American Apparel & Footwear Association, University of California, U.S . Federal Reserve, BMW, Retailer Urban Outfitters, Free People Locations: Iran, Yemen, Anadolu, Greater Landover , Maryland, Taiwan, China, Gaza, Panama, Asia, Europe, United States, Suez, Africa, Ukraine, Belgium, Germany, British, Maryland, Los Angeles, Berlin, Swedish, Ghent, Hungary, Japan, U.S, overcapacity, Red, Israel, India

Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia's invasion of Ukraine. The normal route — three weeks via the Suez Canal — has been shut down by the Houthi attacks. Chief executive Stuart Machin said the Red Sea trouble was “impacting everyone and something we’re very focused on." For Europe, the impact is even bigger: 40% of clothes and 50% of shoes traverse the Red Sea. Norwegian fertilizer giant Yara said it was “only mildly impacted by the transit challenges in the Red Sea."

Persons: What’s, Ryan Petersen, Petersen, It’s, Clifton Broumand, Broumand, —, ”, “, it’s, Tesla, Spencer, Stuart Machin, Steve Lamar, Lamar, Flexport, Katheryn Russ, Davis, Judah Levine, Freightos, it's, Russ, Obama, Carlos Tavares, Stellantis, Jan Hoffmann, Frank Conforti, Conforti, ____ Anderson, Kelvin Chan, Anne D'Innocenzio, Yuri Kageyama, Tom Krisher, David McHugh Organizations: WASHINGTON, —, Hamas, Machine, Volvo, Suzuki Motor Corp, American Apparel & Footwear Association, University of California, U.S . Federal Reserve, BMW, Retailer, Free People, AP Business Locations: Belgium, Germany, British, Maryland, Asia, Ukraine, Yemen, Gaza, Europe, United States, Suez, Africa, “, Panama, Greater Landover , Maryland, Taiwan, China, Los Angeles, Berlin, Swedish, Ghent, Hungary, Japan, U.S, overcapacity, Red, Israel, India, New York, London, Tokyo, Detroit, Frankfurt

☆ How Stanley went from making sturdy bottles for laborers to becoming an 'it' status symbol, and causing chaos at Target stores across the US
▼ + stars: | 2024-01-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +10 min

"Every time we linked it, it would sell out so quickly," LeSueur told The New York Times. The Buy Guide had to pay for warehouse space and shipping and handling fees, but was allowed to keep the profits, The Times reported. "It was a big risk," LeSueur told CNBC. AdvertisementThe Buy Guide placed another wholesale order for 5,000 – and they sold out in an hour, Retail Dive reported. Reilly told CNBC that Stanley was making more products available with each drop but still wanted "a little bit of scarcity" to create a buzz.

Persons: —, Stanley, They've, Alphas, William Stanley Jr, Grace Dean, restocking, Ashlee LeSueur, Taylor Cannon, Linley Hutchinson —, LeSueur, Emily Maynard, Maynard, Terence Reilly, Reilly, he'd, Crocs, Frederic J . Brown, TikTokers, Bon Appétit, Stanley's Quenchers, Lainey Wilson, aren't, Gen Zers, Alpha, Casey Lewis, Lewis, –, Zers, they'll, Grace Mary Williams, it's, Kaitlin Gostel, Barnes, Noble, Harry Potter, Gostel, I've Organizations: Service, Business, Instagram, New York Times, CNBC, Times, The Times, Wall Street, Getty, Target, Starbucks Locations: Brooklyn, workdays, Crocs, AFP, Pendleton

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