DIRS.INFO The most relevant business & tech news

☆ Artificial intelligence is a $38 billion revenue opportunity for retailers. Here's how to play the trend
▼ + stars: | 2023-04-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +15 min

Morgan Stanley estimates that in 2022, only 23% of the $4.3 trillion of U.S adjusted retail spending was online. Add in AI, which can drive better shopper experiences or better conversion, it could bump to 9% or possibly 10% CAGR, he said. Eventually, AI can help retailers pitch tailored products to each potential customer based on their prior history. You might see it in the member services experience in having a better opportunity to get customer support," he said. As retailers move ahead in their plans to integrate AI into their business, some will build the capabilities.

☆ This e-commerce stock has a whopping 300% upside, according to Morgan Stanley
▼ + stars: | 2023-03-23 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

The e-commerce market grew in 2020 as consumers shied away from brick-and-mortar stores and opted for contactless deliveries during pandemic lockdowns. A period of normalization then followed, according to Morgan Stanley , with the sector notching a streak of four consecutive quarters of declining penetration. Stock picks The recovery in e-commerce growth is an opportunity for incremental sales growth and gains in market share, according to Morgan Stanley. Morgan Stanley said the company is a "share taker" in a key underpenetrated e-commerce category: global luxury. Nike expects the figure to rise to 40% over the longer term, according to Morgan Stanley, which implies e-commerce sales of $30 billion by 2027.

☆ Here are Monday's biggest analyst calls: UBS, Netflix, First Republic, Carnival, Meta, Amazon & more
▼ + stars: | 2023-03-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Match as a top pick Morgan Stanley said it sees more industry growth for stocks such as Match. Deutsche Bank upgrades Kimberly-Clark and Conagra to hold from sell Deutsche upgraded several staples manufacturers mainly on valuation. Deutsche Bank upgrades Dow to buy from hold Deutsche said the "worst is behind us." Morgan Stanley reiterates First Republic as underweight Morgan Stanley said it sees too many negative outcomes for First Republic. Bank of America reiterates Nvidia as buy Bank of America said it's bullish heading into Nvidia's flagship AI and tech conference this week.

☆ I got a job on Netflix's 'Next in Fashion' by DMing a producer on Instagram. Here's what my job is like as a stylist
▼ + stars: | 2023-03-03 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +12 min

She landed a stylist job on season 2 of 'Next in Fashion' after dropping out of fashion school. I wouldn't have been able to land my first major stylist job at New York Fashion Week if I had been at school. Three days later, he called and said he was on the New York Fashion Week calendar, and asked if I would style his show. These are a few models I styled for Nicholas Raefski’s Fall/Winter 2022 presentation at New York Fashion Week. I was allowed to make TikTok content on the Netflix set, as long as I didn't give away anything creatively.

☆ Saudi Arabia's PIF says U.S. stocks value falls nearly $6 billion in fourth quarter
▼ + stars: | 2023-02-14 | by ( Yousef Saba | ) www.reuters.com time to read: +1 min

That was equivalent to roughly 5.6% of Lucid shares, according to calculations based on Refinitiv data. PIF's stake in Lucid, despite increasing, nearly halved in value to $7.57 billion at the end of December from $14.18 billion three months earlier, the filing showed. Shares of Lucid, which plans to build its first overseas factory in Saudi Arabia, were down 51% in the fourth quarter. PIF, at the centre of Saudi Arabia's ambitious plans to diversify the economy away from oil, invested over $1 billion in Lucid in 2018. The value of PIF's stake in Uber fell by nearly $129 million, the filing showed.

☆ Neiman Marcus to lay off about 5% of workforce
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

Feb 14 (Reuters) - Neiman Marcus Group said on Tuesday it would lay off about 5% of its workforce, or around 500 employees, as the luxury department store chain looks to cut costs in a tough economy. The company also said its Chief Product & Technology Officer Bob Kupbens will depart, while said Ryan Ross, president, Neiman Marcus, will lead customer insights for the group. Darcy Penick, the president of luxury department store Bergdorf Goodman, will assume group-level leadership of the NMG Product & Technology organization. Neiman Marcus Group has more than 10,000 employees as per its website. Reporting by Granth Vanaik in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Cramer explains why investors should stay away from Farfetch stock
▼ + stars: | 2023-02-03 | 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 EmailCramer explains why investors should stay away from Farfetch stockCramer advised investors to keep Farfetch stock away from their portfolios.

☆ Jim Cramer gives his take on the stocks of Origin Materials and Farfetch
▼ + stars: | 2023-02-03 | 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 EmailJim Cramer gives his take on the stocks of Origin Materials and FarfetchCramer gave his thoughts on whether investors should add shares of Origin Materials and Farfetch to their portfolios.

☆ Cramer's lightning round: L3Harris Technologies is still a buy
▼ + stars: | 2023-01-27 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

Loading chart...Dutch Bros Inc : "You've got to wait [to buy], because we still see wage pressure." Loading chart...Farfetch Ltd : "I don't know FTCH. Loading chart...Bausch Health Companies Inc : "We've got that on what I would regard as being a retainer basis. We simply don't know what to do. Disclaimer: Cramer's Charitable Trust owns shares of Bausch Health Companies and Nvidia.

☆ Canada Goose and other retail stocks will see a lift from China's reopening, according to Wells Fargo
▼ + stars: | 2023-01-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +1 min

Chinese shoppers are likely poised to hit the streets again during the country's reopening, a positive tailwind for certain retail stocks, according to Wells Fargo. The companies with the largest exposure to China's reopening are Nike , Farfetch , Canada Goose , Kate Spade-parent Tapestry and Michael Kors-owner Capri Holdings . Of these names, two – Canada Goose and Farfetch – are trading at deep discounts versus historic multiples, meaning now may be a good time to snap up shares. Wells Fargo has overweight ratings on both. For Farfetch, Wells Fargo sees a few tough quarters ahead but several positive catalysts as well, including the China reopening.

☆ Italian watchdog fines online retailer YNAP more than $5 mln
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

ROME, Jan 13 (Reuters) - Italy's antitrust agency has fined online fashion retailer YOOX Net-A-Porter (YNAP) 5.25 million euros ($5.69 million) over misleading pricing and its returns policy, the regulator said on Friday. YNAP did not immediately respond to an emailed request for comment. The regulator said the violations took place between 2019-2022. The business was controlled by Swiss luxury group Richemont (CFR.S) until last year, when it sold a majority stake to luxury e-commerce specialist Farfetch (FTCH.N) and Dubai Mall developer Mohamed Alabbar. ($1 = 0.9229 euros)Reporting by Alvise Armellini Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves premarket: Southwest, Tesla, Peloton and others
▼ + stars: | 2022-12-27 | by ( Peter Schacknow | ) www.cnbc.com time to read: +1 min

Southwest Airlines (LUV) – Southwest slid 4.1% in the premarket following thousands of flight cancellations over the holiday weekend, a higher amount than experienced by other major airlines amid winter storm issues. United Airlines (UAL), American Airlines (AAL), Delta (DAL) and JetBlue (JBLU) all rose in premarket action. Tesla (TSLA) – Tesla fell 5.3% in premarket trading, after falling for six consecutive trading days and nine of the past ten. Peloton (PTON) – Peloton is selling refurbished bikes at discounts of up to $500 compared with new ones. Peloton rose 1% in the premarket.

☆ Link’s M&A chain breaks into pieces Down Under
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Dec 8 (Reuters Breakingviews) - It’s hard to feel bad for well-compensated bankers but Link Administration’s (LNK.AX) M&A advisers at Macquarie (MQG.AX) and UBS (UBSG.S) need some Christmas cheer. On Thursday their client pulled the plug on negotiations for a partial takeover by Canada’s Dye & Durham (DND.TO), effectively accusing its suitor of dithering. Macquarie and UBS did manage Link’s sale of a slug of its 43% stake in mortgage-settlement company PEXA (PXA.AX) and may help distribute the remainder to shareholders. If Link offloads its troubled London unit, the slimmed-down company, worth perhaps A$800 million, could yet attract new interest. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ U.S. labor market softens, slowly
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 8 (Reuters Breakingviews) - The Federal Reserve is getting what it wants, but probably more slowly than it wants. That marked the highest count for so-called continuing jobless claims since early February. While bad for the claimants themselves, this is positive for the economy, because it means labor demand is finally cooling off. Wage growth was twice what economists had forecast in November, and continuing jobless claims remain below the average from before the coronavirus hit the United States. The Fed will need to see a much softer labor market before it brings rates back to earth.

☆ DWS’s best valuation fix is out of CEO’s hands
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

LONDON, Dec 7 (Reuters Breakingviews) - DWS (DWSG.DE) is thriving but not getting much credit. It is valued at less than 10 times next year’s earnings, based on analysts’ estimates, versus Schroders (SDR.L) on a multiple of nearly 13. Hoops, himself a former Deutsche executive, admits the arrangement may hurt the stock. For now, Hoops will have to just fix what he can. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ HKEX alum helps Macau take micro-step into finance
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 6 (Reuters Breakingviews) - Small is beautiful. Hong Kong’s former stock market Chief Executive Charles Li, key driver of the wildly successful bilateral Stock Connect programme between mainland Chinese bourses and Hong Kong, is kickstarting an asset exchange in Macau. Given Li’s experience running Hong Kong Exchanges and Clearing’s (0388.HK) HK$26 trillion ($3.35 trillion) securities market, his entry is a coup for Macau, which is increasingly desperate to diversify beyond gambling into finance. Talk of a yuan-based stock exchange has yet to bear fruit. Macau, which sits outside China’s capital controls like Hong Kong, may want to compete with its neighbour, but it has a long way to go.

☆ Twitter has the most to lose against news mob
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Dec 6 (Reuters Breakingviews) - Meta Platforms (META.O) is taking a bold stand against a new piece of legislation, yet it’s Elon Musk’s Twitter that looks most exposed. The U.S. Congress is considering adding the “Journalism Competition and Preservation Act” to a defense bill that has a high likelihood of passing, according to Reuters. The Facebook operator is threatening to pull news off its feed if it is passed, spokesperson Andy Stone tweeted. Twitter meanwhile reaches about a quarter of the American adult population. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Farfetch is the latest online retailer to stop selling Yeezy products
▼ + stars: | 2022-11-25 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Online fashion retailer Farfetch is no longer selling Yeezy products. Last month the upmarket site still listed more than 200 Yeezy products on its site. The platform was still selling Yeezy items last month and had more than 200 Yeezy sneakers, boots, and slides on offer. Foot Locker stopped selling Yeezy shoes at its stores last month and said it would not support "any future Yeezy product drops." It was not clear if Farfetch had pulled Yeezy products from its site over West's antisemitic remarks and controversial behavior.

☆ Ukio wants to create a rental market for a new generation of flexible workers. It used this 11-slide pitch deck to raise $28 million.
▼ + stars: | 2022-11-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Spanish startup Ukio has raised $28 million for its flexible rental platform. The startup's platform offers apartments to workers seeking greater flexibility on contracts. Check out the 11-slide pitch deck it used to raise its Series A round below. Ukio raised the funds in a round led by Farfetch-backer Felix Capital, with additional investment from Kreos Capital, a London-headquartered debt fund, Heartcore, and Breega. Of the $28 million raised, $18 million was in the form of equity and $10 million in the form of debt.

☆ 15 Best Dress Shoes for Men, According to Style Experts
▼ + stars: | 2022-11-22 | by ( ) www.wsj.com time to read: +8 min

The laces and classic body shape are characteristic of traditional men’s dress shoes, while the rugged rubber soles still make a statement with any formal outfit. “Good leather shoes are not an arena in which it pays to cut costs,” he says, recommending investing in “the pair of a decade” from this made-in-England favorite. (Crockett & Jones has regal and Hollywood credentials: the brand received a Royal Warrant of Appointment in 2017, and this is the style of dress shoes worn by Daniel Craig’s James Bond). Sleek sneakersEcco Soft 7 City Sneaker $170 at NordstromThe key to dressed-up sneakers is finding a leather pair free of busy accents or logos. The style is “acceptable to wear with dress clothes,” confirms Los Angeles-based personal stylist Rayne Parvis, who advises people to wear these sneakers in place of brown lace-up dress shoes.

☆ Stocks making the biggest moves premarket: Foot Locker, JD.com, Gap and others
▼ + stars: | 2022-11-18 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Foot Locker (FL) – Foot Locker shares soared 14% in the premarket after beating top and bottom line estimates for its latest quarter. JD.com (JD) – The China-based e-commerce company reported better-than-expected quarterly results as Covid-related lockdowns in China prompted more consumers to shop online. JD.com shares jumped 5.2% in premarket trading. Gap (GPS) – Gap shares rallied 5.1% in premarket trading after an unexpected return to profitability and better-than-expected sales. Williams-Sonoma reported better-than-expected sales and profit for its latest quarter.

☆ Stocks making the biggest moves midday: Ross Stores, Carvana, Coinbase, Rent the Runway and more
▼ + stars: | 2022-11-18 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. Foot Locker — Shares jumped 7% after Foot Locker reported surpassed expectations in its latest quarterly report and raised its full-year forecast. Rent the Runway — Shares of Rent the Runway dropped 12% after Morgan Stanley downgraded shares of the online apparel reseller to equal weight from overweight. Buckle reported third-quarter earnings of $1.24 per share, while consensus estimates called for earnings of $1.19 per share, according to FactSet. Williams-Sonoma — Shares dropped nearly 7% after Williams-Sonoma declined to reaffirm or update its guidance through fiscal year 2024..

☆ Inflation cools and markets soar, led by tech stocks: How we're making sense of this big week
▼ + stars: | 2022-11-11 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Markets closed higher for the week after a stellar rally Thursday that saw Big Tech stocks soar on the back of weaker-than-expected consumer price index (CPI) data for October. The S & P 500 closed up more than 5% for the week, its best week since June. Meanwhile, Club holding Amazon (AMZN) is reportedly conducting a broad cost-cutting review , according to The Wall Street Journal. But we think more data is needed before the Fed is able to tone down its hawkish commentary on rates. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Kanye West's Yeezy products are still being sold on the Farfetch website
▼ + stars: | 2022-10-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Global fashion platform Farfetch is still selling more than 200 Yeezy products on its site. Farfetch had more than 200 Yeezy sneakers, boots, and slides on its website on Sunday and is yet to make a statement on whether it will continue to sell Yeezy products. Two items viewed by Insider were a Season 7 Desert Boot in "House Blue" for £980 ($1,138) and Adidas Yeezy Boost 700 "Hired" sneakers for £534 ($620). Gap is removing Yeezy Gap, a collaborative line, from its brick-and-mortar stores and has shut down the Yeezy Gap website after it said that hate and racism did not adhere to its values and was "inexcusable." Balenciaga and Adidas also pulled the plug on their partnerships with Yeezy over West's comments.

☆ The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
▼ + stars: | 2022-09-19 | by ( ) www.wsj.com time to read: +1 min

Mick Lynch has annoyed commuters by leading a rail strike, but he is winning admirers, too, as soaring inflation eats into wages. 4 min readBusinesses with health plans covering abortion now are weighing whether and how to pay for employees to travel to a state where the procedure is legal. 8 min readAfter Roe v. Wade Ruling, Employers Weigh In on Abortion and Benefits—CautiouslyChipotle, Waste Management and others gear hiring around reaching a milestone they say is critical to employee retention. He now runs a massive online-sales platform for brands like Gucci, Prada and Versace. 6 min readLabor Shortage Stymies Construction Work as $1 Trillion Infrastructure Spending Kicks In Contractors are dangling an array of benefits—from signing bonuses to housing allowances—to attract and retain workers.

Search resuls for: "FarFetch"

25 mentions found