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☆ Dow tumbles 500 points but could actually end the year in the green
▼ + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or 1.5%, Monday. The Dow enjoyed its best month in nearly a half-century in October and it’s up nearly another 3% in November. It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. The S&P 500 and Nasdaq are still pretty deep in the red for 2022, off 17% and almost 30% respectively.

☆ Black Friday was better than feared for retail stocks — Two potential big winners
▼ + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Black Friday was better than expected for retailers this year, with discount names Walmart and Costco poised to be among the season's winners, according to Bank of America. The big-box retailer made significant price investments to offer deeper discounts and traffic appeared very strong in stores, Ohmes noted. "Specialty retailers appeared to be relative winners while we observed decent trends across the discounters and department stores," said analyst Krisztina Katai. Morgan Stanley also called out strong traffic results for Lululemon and American Eagle, as well as Abercrombie & Fitch and Victoria's Secret. "These strong traffic results were achieved despite 1) similar or lower y/y discounting levels, & /or 2) discounting activity below total sector averages.

☆ I Finally Found a Hat That Fits Over a Bun, Top-Knot or Updo
▼ + stars: | 2022-11-27 | by ( ) www.wsj.com time to read: +3 min

When I started wearing my hair in a bun virtually every day, I discovered that wearing a sun hat became…a real pain in the buns. Suddenly, the bucket hat styles that I’d loved for years either didn’t stay on my bun-topped head or looked rather ridiculous—like a lumpy Cat in the Hat. The North Face hat is made for outdoor adventures, fabricated from a durable, quick-dry recycled nylon with a perfectly-angled bucket brim with some oomph to it. The North Face name and logo comes embroidered boldly and noticeably smack-dab on the forehead, which was a little too much for me. Once I started wearing it all the time, in my Brooklyn neighborhood, I realized it was more an object of envy than ridicule.

☆ A look back at Elon Musk's chaotic first month at Twitter
▼ + stars: | 2022-11-27 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +9 min

CNN —Sunday officially marks one month since the world’s richest man took the helm at Twitter. After spending months embroiled in an unsuccessful legal battle to get out of his initial proposal to buy Twitter, Musk made his first splashy entrance into the company’s offices on Oct. 26, carrying a sink. (In a video of the incident shared on Twitter, he wrote: “Entering Twitter HQ – let that sink in!) In another dramatic move by the new boss, Musk publicly fired a software engineer who had survived the initial round of cuts, but who then questioned Musk on Twitter. Musk goes onto to grant ‘amnesty’ to most previously banned accountsAfter conducting yet another Twitter poll, Musk said on Nov. 24 that he will begin restoring most previously banned accounts on Twitter starting next week.

☆ Stores like Uniqlo, Timberland, and Arc'teryx will reward you for dropping off your unwanted clothes — they may even repair them
▼ + stars: | 2022-11-20 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

Uniqlo's Manhattan flagship store offers low-cost repairs to worn clothes from the brand. PatagoniaWorn Wear is Patagonia's way of extending the life of its garments by allowing customers to trade in old clothes for store credit. According to the site, the old jeans are repurposed as part of a collaboration with Cotton's Blue Jeans Go Green, another recycling program. ReformationReformation's clothes recycling program, RefRecycling, has operated since 2015. LululemonLululemon's "Like New" section offers customers the option of gently used activewear at a cheaper price than the brand's new clothing.

☆ Elon Musk’s SpaceX is buying an ad package on Elon Musk’s Twitter
▼ + stars: | 2022-11-14 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —While a number of major brands have announced advertising pauses on Twitter in the wake of Elon Musk’s acquisition, the platform has scored a new ad buy from one notable billion-dollar business: Musk’s SpaceX. Musk confirmed on Twitter Monday that his aerospace company, SpaceX, bought a package to advertise its Starlink internet service on Twitter, though he downplayed the size of the ad buy. The ad buy would be the first for any of Musk’s companies, including Tesla, which does not engage in traditional advertising. “SpaceX Starlink bought a tiny – not large – ad package to test effectiveness of Twitter advertising in Australia & Spain,” Musk wrote in a reply to one Twitter user, adding that he did the same on competitors such as Facebook, Instagram and Google. A number of major brands including General Mills, the North Face and several car companies (which compete with Musk’s Tesla) have announced they are pausing ads on the social network.

☆ Nike execs have become some of the hottest hires in sportswear, triggering a talent war among rivals like Lululemon, North Face, and Columbia — and raising fears of a brain drain
▼ + stars: | 2022-11-07 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

Nike alums lead numerous brands, including Lululemon, Allbirds, Columbia Sportswear, and The North Face. Tim Sheerin, the senior vice president of global wholesale at Columbia Sportswear, at an investor day event this year. The trend has accelerated in recent years, with competing sportswear companies including Lululemon and Allbirds opening offices in Portland, Oregon. While sportswear companies are a natural fit for former Nike executives, nonathleticwear companies also have hired from Nike's top ranks. Crocs, which named the former Nike vice president Emma Minto the senior vice president of the Americas in 2020, also has been on a hot streak.

☆ The Woman Who Inspired Me to Climb Higher
▼ + stars: | 2022-10-29 | by ( Katie Arnold | ) www.wsj.com time to read: +1 min

On Oct. 15, hundreds gathered in Telluride, Colo., to celebrate the life of renowned ski mountaineer Hilaree Nelson . Nelson, 49, died on Sept. 26 when she triggered a small avalanche while skiing off the 26,781-foot summit of Mount Manaslu in Nepal. The crowd read like a who’s-who from the world of climbing and adventure. Jimmy Chin, who won an Academy Award for his 2018 documentary “Free Solo,” shared stories of a long friendship. Nelson’s death triggered an outpouring of tributes from people around the world, most of whom, like me, didn’t know her personally.

☆ New testing finds high level of toxic chemical in sports bras, watchdog warns
▼ + stars: | 2022-10-13 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

The CEH, which conducted the testing, is a non-profit consumer advocacy group focused on exposing the presence of toxic chemicals in consumer products. Under California law — specifically Proposition 65, enacted in 1986 — the maximum allowable dose level for BPA via skin exposure is 3 micrograms per day. “We want brands to reformulate their products to remove all bisphenols including BPA. In adults, exposure to BPA has been linked to diabetes, heart disease, cancer, obesity and erectile dysfunction. Premature death was also associated with BPA exposure, a 2020 study found.

☆ Second strike at Liverpool to add to European port congestion, slow product delivery
▼ + stars: | 2022-10-10 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Bloomberg | Bloomberg | Getty ImagesLogistics experts are warning another strike set at the Port of Liverpool for Tuesday will only add to the existing delays in product delivery caused by the prior strikes at Felixstowe and Liverpool. Dockworkers in Liverpool, a significant U.K. port and a port where the U.S. is the No. Trade productivity at Felixstowe, the U.K.'s largest container port, and Liverpool have suffered as a result of various labor strikes since August. Braun told CNBC that the disruptions of past strikes and the upcoming Liverpool strike will unquestionably aggravate the existing congestion.

☆ What Cramer is watching Thursday — September to forget and dueling Apple notes
▼ + stars: | 2022-09-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Credit Suisse lowers price target on Club holding Constellation Brands (STZ) to $277 per share from $292, without any real reason. Citi cautious on Alibaba (BABA), cuts price target $146 per share from $159. Credit Suisse cuts Paychex (PAYX) price target to $138 per share 150, even though they raised the estimates. Starts with a buy and a $65 per share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Hilaree Nelson, Renowned Ski Mountaineer, Found Dead After Falling From Himalayan Peak
▼ + stars: | 2022-09-28 | by ( Joseph De Avila | ) www.wsj.com time to read: 1 min

Rescuers removed the body of Hilaree Nelson from a helicopter after it was recovered from Mount Manaslu, in Kathmandu on Wednesday. Hilaree Nelson , an acclaimed big-mountain skier, was found dead Wednesday after she went missing below the summit of Mount Manaslu in Nepal, according to a helicopter rescue team and her partner. Ms. Nelson, from Telluride, Colo., went missing Monday, according to her sponsor the North Face. Simrik Air Helicopter, a local helicopter company, recovered her body with the aid of Sherpas, according to Yogesh Sapkota , an official with the company.

☆ Hilaree Nelson's body found after fall from Nepal's Mount Manaslu
▼ + stars: | 2022-09-28 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +3 min

Nelson's body was eventually found and retrieved on Wednesday, a spokesperson for Shangri-La Nepal Trek, the company that organized the expedition, told NBC News. The spokesperson said Nelson's body would be transported to Kathmandu. Tour company Elite Exped and mountaineer Nims Purja, its co-founder, said in an Instagram post that the company's team had successfully recovered Nelson's body. On Monday, an avalanche at a lower elevation on Mount Manaslu swept away several climbers, killing a Nepali guide and injuring others. Nepal’s government has issued permits to over 500 climbers looking to attempt to scale high mountain peaks during the autumn season, with most of them setting their sights on Mount Manaslu.

☆ Cooling demand means raising prices becomes a test of how well companies know their customers
▼ + stars: | 2022-09-28 | by ( Robert Hum | ) www.cnbc.com time to read: +6 min

As the country reopened after pandemic closures, price hikes were essentially a sure bet. Will those price hikes be as big in magnitude as previous ones? Or do companies attempt to stimulate sales by cutting prices — but at the risk of eroding margins? On Thursday afternoon, it will be worth keeping a close eye on Micron and Nike to see what they have to say about pricing, margins and demand dynamics. Given the current situation, don't rule out future price hikes too from the food maker.

☆ The North Face is renaming its fleece jackets and spotlighting the Sherpa people
▼ + stars: | 2022-09-23 | by ( Brahmjot Kaur | ) www.nbcnews.com time to read: +5 min

The North Face is dropping the word “sherpa” from the name of its fleece jackets this fall, using the opportunity to highlight the heritage of the Sherpa people. The collection, which was called sherpa fleece jackets and vests, will now be called “pile” fleece, as will all of the company's fleece products moving forward. A Women's High Pile Nuptse Jacket by The North Face. The North Face has credited the Sherpa people for helping guide the company’s athletes for decades during expeditions in the Himalayan mountains. The North Face isn’t the only company to use the word "sherpa" to describe products.

Affirm is one of the few buy now, pay later providers that offer consumers long-term financing options with a 0% APR. Since you don't pay interest on your Afterpay loan, you don't have to worry about not being refunded for interest. You'll be hit with an $8 fee, or 25% of your transaction, whichever is less, for each late payment. Available merchants Pay in 4 is available at millions of merchants through the app, but it's not accessible for merchants that aren't integrated with PayPal. Our methodologySelect focused on the following features when examining popular buy now, pay later providers: APR: Some BNPL loans charge interest while others do not.

☆ Adidas сообщила о возможной продаже Reebok
▼ + stars: | 2020-12-15 | by ( Mld Media Srl | ) noi.md time to read: +2 min

Немецкая компания по производству спортивной одежды, обуви и аксессуаров Adidas AG сообщила, что может продать бренд Reebok. Эти стратегические альтернативы включают в себя как потенциальную продажу Reebok, так и то, что Reebok останется частью компании», — сообщили в Adidas AG. Окончательное решение о судьбе Reebok компания объявит 10 марта 2021 года, когда будет представлена новая стратегия Adidas. По информации Manager Magazin, гендиректор Adidas Каспер Рорстед надеялся продать Reebok примерно за €2 млрд. Во втором квартале продажи бренда Reebok упали на 42%, Adidas — на 33%, пишет Bloomberg.

Persons: Каспер Рорстед, Рорстед Organizations: Reebok, Adidas AG, Adidas Reebok, Adidas, Bloomberg, International Group Holdings, Adidas Reebok €

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