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Deckers' shares surge over company's bet on full-price sales of Hoka, UGG footwear

UPDATE 1-Deckers' shares surge over company's bet on full-price sales of Hoka, UGG footwear Updates shares and adds analyst comment in paragraph 5 By Ananya Mariam Rajesh July 26 (Reuters) - Deckers Outdoor DECK.N shares jumped as much as 17% on Friday, after multiple brokerages raised their price targets following the company's bet on full-price sales of its hot-selling Hoka running shoes and UGG boots to raise its annual profit forecast.
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Deckers Outdoor shares surge as full-price sales of Hoka, UGG footwear help raise FY profit forecast

Deckers Outdoor shares surge as full-price sales of Hoka, UGG footwear help raise FY profit forecast July 26 (Reuters) - Deckers Outdoor DECK.N shares jumped 11% to $932 before the bell on Friday after the sportswear company raised its annual profit forecast, betting on full-price sales of its hot-selling Hoka running shoes and UGG boots. Products from brands such as Hoka and Tennis star Roger Federer-backed On Holding ONON.N , like the Clifton 9 and Cloudmonster 2 that are known for their extra
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Deckers Outdoor raises FY profit target on strong Hoka, UGG demand

Deckers Outdoor raises FY profit target on strong Hoka, UGG demand By Granth Vanaik July 25 (Reuters) - Deckers Outdoor DECK.N raised its annual profit forecast after beating first-quarter estimates on Thursday, betting on strong demand for the footwear and apparel firm's Hoka sneakers and UGG boots. WHY IS IT IMPORTANT? Brands such as On Holding ONON.N and Deckers are gaining popularity as their new and innovative products are attracting more younger customers at a time when sportswear giants s
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Olympics-Athletics-Running brand On launches spray-on marathon shoe in bid for Paris spotlight

Olympics-Athletics-Running brand On launches spray-on marathon shoe in bid for Paris spotlight By Helen Reid PARIS, July 25 (Reuters) - Running brand On made its latest move in the supershoe race on the eve of the Paris Olympics, unveiling a marathon shoe produced by a robotic arm spraying material onto a mold to create a sock-like upper, with no laces.
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Sotheby's bets on Chinese spending with Hong Kong retail outlet

Sotheby's bets on Chinese spending with Hong Kong retail outlet By Clare Jim HONG KONG, July 25 (Reuters) - Sotheby's embarks on a new kind of selling in Hong Kong on Saturday, with its first retail outlet, stocking anything from collectable trainers to dinosaur fossils, with prices starting at several hundred dollars. Luxury spending has fallen in China, as the country's economy struggles with a downturn in property and capital markets , eating into the sales of companies such as LVMH LVMH.PA.
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Nike hires former Salesforce executive as CIO in tech division shakeup - Bloomberg News

MEDIA-Nike hires former Salesforce executive as CIO in tech division shakeup - Bloomberg News -- Source link: https://tinyurl.com/4v2c2c8b -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Windrose plans truck assembly in U.S. in rare move by Chinese EV firm

UPDATE 1-Windrose plans truck assembly in U.S. in rare move by Chinese EV firm Updates story to show that a photo is available for media subscribers SHANGHAI, July 23 (Reuters) - Chinese electric truck startup Windrose plans to set up a U.S. assembly plant for its semi-trucks for delivery there from 2025, directly challenging Tesla TSLA.O in its home market, founder and Chief Executive Han Wen said in an interview.
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Windrose plans truck assembly in U.S. in rare move by Chinese EV firm

Windrose plans truck assembly in U.S. in rare move by Chinese EV firm SHANGHAI, July 23 (Reuters) - Chinese electric truck startup Windrose plans to set up a U.S. assembly plant for its semi-trucks for delivery there from 2025, directly challenging Tesla TSLA.O in its home market, founder and Chief Executive Han Wen said in an interview. The move signals a potential return of Chinese electric vehicle companies to the world's second-largest auto market, and comes after Republican presidential can
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Retailers' early US back-to-school sales hasten peak ocean shipping season

Retailers' early US back-to-school sales hasten peak ocean shipping season Retailers account for half of US container import volumes Goods also moving earlier due to Suez Canal disruptions and new tariffs Early peak season could mean early end to soaring freight rates By Lisa Baertlein LOS ANGELES, July 19 (Reuters) - Retailers Walmart WMT.N , Target TGT.N and Shein kicked off back-to-school sales early to stop Amazon.com's Prime Day event from siphoning U.S.
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Foot Locker falls as Morgan Stanley turns bearish

BUZZ-Foot Locker falls as Morgan Stanley turns bearish ** Shares of Foot Locker FL.N down 4.1% at $25.37 in early Thurs trade after Morgan Stanley downgrades specialty athletic apparel retailer to "underweight" from "equal-weight" ** Brokerage chops PT by $6 to $18, implying 32% downside to stock's last close ** Citing "tough" 2H set-up - including more difficult compares, 53rd-week reversal, election overhang and unfavorable holiday calendar - Morgan Stanley says it's cautious on softlines reta
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UK's Frasers climbs on upbeat annual profit outlook

BUZZ-UK's Frasers climbs on upbeat annual profit outlook ** Shares in Frasers FRAS.L up 7.6% at 884p, top gainer on blue-chip FTSE 100 .FTSE index ** The sportswear and apparel retailer sees FY adjusted pretax profit between 575 mln-625 mln pounds ($747.3 mln) ** Posts profit at the top end of analyst consensus for year ended April 28 ** Co is purs
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Britain's Frasers says move upmarket working as profit grows

UPDATE 2-Britain's Frasers says move upmarket working as profit grows 2023/24 profit up 13.1% to 545 mln stg Forecasts profit of 575-625 mln stg in 2024/25 Says brand relationships have never been stronger Declines comment on possible interest in Burberry Shares up 8% Adds shares paragraph 2, finance chief quotes paragraphs 4 and 5 By James Davey LONDON, July 18 (Reuters) - Frasers, the British sportswear and apparel retailer that owns the Sports Direct brand, reported a 13.1% rise in annual pro
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Adidas jumps 5% after second outlook hike, strong Q2

UPDATE 1-Adidas jumps 5% after second outlook hike, strong Q2 Adds analysts comments, updates shares at 0815 GMT July 17 (Reuters) - Adidas ADSGn.DE shares jumped as much as 5% on Wednesday, hitting their highest in over two years, after the German sportswear company hiked its full-year guidance for the second time this year, having beaten expectations with its second-quarter results on Tuesday.
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Short sellers of tech-related stocks felt big pain in early 2024 -S3

BUZZ-Short sellers of tech-related stocks felt big pain in early 2024 -S3 ** Technology-related stocks featured heavily among short sellers' top money losers for the first half of 2024, per the latest data from S3 Partners ** "With the S&P 500 Index ending the first 6 months of 2024 up by 690 points, or +14.5%, being short has been quite a painful trade," writes S3 Director Matthew Unterman ** Unterman says short sellers suffered mark-to-market losses of $67.6 bln from U.S.-listed stocks, with t
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U.S. STOCKS PNC Financial, US homebuilders, Johnson & Johnson

BUZZ-U.S. STOCKS ON THE MOVE-PNC Financial, US homebuilders, Johnson & Johnson Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Rate-sensitive small-cap stocks led Wall Street higher on Tuesday after retail sales data did little to dampen hopes of a September rate cut, while UnitedHealth's results lifted the Dow to a record high.
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US sportswear companies up after Adidas raises FY24 earnings forecast

BUZZ-US sportswear companies up after Adidas raises FY24 earnings forecast ** Shares of U.S. sportswear companies and retailers up in afternoon trading after German peer Adidas ADSGn.DE raises 2024 earnings forecast ** Shares of Nike NKE.N and Under Armour UAA.N were up ~2%, while VF Corp shares were up ~3% ** Lululemon Athletica LULU.O shares were
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Adidas hikes 2024 earnings guidance after second-quarter beat

UPDATE 2-Adidas hikes 2024 earnings guidance after second-quarter beat 2004 op profit seen around 1 bln euros vs 700 mln euros before Second upgrade this year Q2 sales top forecast, but gross margin below expectations Adds detail and context in paragraphs 1, 3-4 and 7-8 FRANKFURT, July 16 (Reuters) - German sportswear maker Adidas ADSGn.DE is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second upgrade this year.
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US firms bet on Paris Olympics with new stores, marketing push

FACTBOX-US firms bet on Paris Olympics with new stores, marketing push July 12 (Reuters) - U.S. companies from Nike to Warner Bros are opening new stores and holding big marketing events in Paris before and during the Olympics, betting that excitement for the summer games can help boost their sales. Comcast's CMCSA.O NBCUniversal said that International Olympic Committee (IOC) sponsors spent 18% for the latest Olympics compared to the 2021 summer Olympics in Tokyo.
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U.S. Boston Beer Company, Inter Parfums, Netflix

U.S. RESEARCH ROUNDUP-Boston Beer Company, Inter Parfums, Netflix July 12 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Boston Beer Company, Inter Parfums and Netflix, on Friday. HIGHLIGHTS * Boston Beer Company Inc SAM.N : Piper Sandler cuts PT to $344 from $350 * Inter Parfums Inc IPAR.O : Jefferies raises to buy from hold * Netflix Inc NFLX.O : JP Morgan raises target price to $750 from $650 * Smurfit Westrock SW
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Shenzhou Int'l rises most in 5 weeks as key customer lifts forecast

BUZZ-Shenzhou Int'l rises most in 5 weeks as key customer lifts forecast ** Shares of sportswear and knitwear maker Shenzhou International Group 2313.HK rise 4.1% to HK$75.6, on course for their biggest one-day pct gain since June 4 if trend holds ** Shenzhou stock hits the highest since July 4, extending gain to a third session, after key customer
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