Markets

Myer shares are surging on talk of a takeover by David Jones

David Jones is reported to be considering an offer for rival Myer. Myer sales have been sliding in an increasingly competitive retail environment. David Jones is said to have appointed advisers to help look at a deal. Shares in department store Myer jumped following a report of a possible acquisition […]
Myer shares are surging on talk of a takeover by David Jones
Markets

Nike is showing 3 signs it can turn around its sneaker slump

Nike is showing some signs of progress toward accelerating sales growth and margins, Wedbush Analyst Christopher Svezia says. Svezia believes the company’s financials will improve on the back of less FX pressure, a higher average selling price, and new product releases. Watch Nike’s stock price move in real time here. […]
Nike is showing 3 signs it can turn around its sneaker slump
Markets

Adidas needs to do one thing to stay ahead of the competition

Adidas may do well in the fourth quarter thanks to the World Cup, but the apparel maker still needs to find ways keep up its momentum, Wedbush analyst Christopher Svezia found. The one way Adidas can stay ahead of competition is to ramp up its promotional activity, he says. Adidas […]
Adidas needs to do one thing to stay ahead of the competition
Markets

Here’s the best way to play the ‘rise of sneaker culture’

Foot Locker could become a big beneficiary of the “rise of sneaker culture,” Jefferies Analyst Randal Konik writes. Nike‘s comeback should help support Foot Locker’s future earnings growth, Konik said. Shares of the shoe retailer dropped 13.84% on Friday after it reported disappointing quarterly earnings. Watch Foot Locker’s stock price […]
Here’s the best way to play the ‘rise of sneaker culture’
Markets

Victoria Secret’s biggest driver of growth is ‘peaking’

Victoria’s Secret’s PINK line is peaking as the company sees slower sales growth and smaller market share by other players, a Jefferies analyst found. Shares of L Brands, the parent company of Victoria’s Secret, dipped after it reported a weaker-than-expected first-quarter forecast. The company still beat Wall Street’s expectations, posting […]
Victoria Secret’s biggest driver of growth is ‘peaking’
Markets

The key for retailers to win the war against Amazon is to embrace it

Fred Killingsworth, the CEO of brand agency Hinge, thinks retailers should stop fighting Amazon, and start embracing it. He said that it is hard for even the biggest retailers to compete with Amazon in ecommerce spending. Instead, he advocates for an approach that helps retailers leverage all the potential that […]
The key for retailers to win the war against Amazon is to embrace it
Markets

Home Depot jumps after beating earnings for 6th straight quarter

Home Depot reported quarterly earnings that beat Wall Street estimates for the sixth time in a row. It reported earnings per share of $US1.69, above the expected $US1.61 per share. Revenues were $US23.88 billion versus the $US23.66 billion that Wall Street was expecting. Its forecast for comparable store sales, an […]
Home Depot jumps after beating earnings for 6th straight quarter
Markets

Nike is dominating Adidas in the sneaker war

Nike‘s sneaker sales are doing well against its main competitor Adidas, a Jefferies analyst said. Nike’s popular brands are helping it in the “sneaker war.” Watch Nike’s stock trade in real time here. Nike appears to be edging out rival Adidas in the competition for sneaker dominance. The footwear company […]
Nike is dominating Adidas in the sneaker war
Markets

Chipotle’s next CEO is going to inherit a ton of problems

Chipotle faces several problems, from declining brand perceptions to the troubled rollout of its queso. The company is searching for a new CEO, which could help, but some analysts remain sceptical of the fast-casual chain. Watch Chipotle’s stock move in real time here. Chipotle’s next CEO is going to inherit […]
Chipotle’s next CEO is going to inherit a ton of problems