|Bid||16.69 x 3100|
|Ask||16.95 x 2200|
|Day's Range||16.53 - 17.20|
|52 Week Range||15.11 - 31.39|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||7.79|
|Earnings Date||Feb 26, 2020 - Mar 2, 2020|
|Forward Dividend & Yield||0.97 (5.70%)|
|1y Target Est||16.35|
Adidas North America President Zion Armstrong joins Yahoo Finance’s Alexis Christoforous and Dan Roberts to discuss the trends in athleisure during the holiday season on The First Trade.
Lolli is an online plug-in that rewards shoppers in bitcoin when they shop at participating retailers. Lolli CEO Alex Adelman joins Dan Roberts, Anjalee Khemlani and Scott Gamm to announce the startup's newest partner and road map.
(Bloomberg Opinion) -- Many of the retail industry’s challenges in 2020 will be familiar, such as adapting to the rise of e-commerce and trade-related uncertainty from Washington. But the lineup of CEOs navigating those conditions will include many new faces.There were more CEO exits in the retail industry in 2019 than in any year since at least 2010, according to data from Challenger, Gray & Christmas.(1)The leadership shake-ups in retail don’t appear to fit any particular pattern. There were carefully choreographed, harmonious baton passes, such as Best Buy Co. naming Corie Barry to succeed Hubert Joly. There were bombshells such as Steve Easterbrook’s abrupt ouster from McDonald’s Corp. over an inappropriate relationship with an employee. There were rebukes of poor performance, such as Art Peck’s departure from Gap Inc. And there were some left-field surprises, such as Tractor Supply Co. poaching Hal Lawton from Macy’s Inc.Retail’s recent bout of turbulence at the top is not such an outlier in corporate America; Bloomberg Opinion’s Stephen Mihm recently noted an uptick in CEO departures overall in the past few months. But it adds a certain intrigue about which retailers will end up in the winners’ circle next year.Here are predictions for how some of the more high-profile episodes of C-suite musical chairs will play out.CEO changes that are reason for optimism: By the time activist investor pressure finally led Bed Bath & Beyond Inc. to dump longtime CEO Steven Temares, the move was long overdue. But the board has scored by luring Mark Tritton — the chief merchant at its on-fire competitor, Target Corp. — for the job. Tritton’s experience creating covetable private-label brands and reimagining store displays are exactly what the big-box home goods chain needs. Meanwhile, though Gap has not yet named a permanent successor for the now-departed Peck, the company may be better off without a leader who tried but failed for five years to revive its flagship brand.CEO changes that are reason for pessimism: The biggest headscratcher comes from Nike Inc., which announced that CEO Mark Parker is to be replaced in January by John Donahoe, a former ServiceNow and eBay Inc. executive. Sure, Donahoe knows Nike’s business from serving on its board, but his tech-centric resume is a weird fit for a company that thrives on its marketing savvy and merchandising expertise. There is potential for trouble, too, in the leadership plans of Under Armour Inc., where founder Kevin Plank is set to relinquish the CEO title to COO Patrik Frisk in the new year. Plank is to become chairman and “brand chief,” and Frisk will still report to Plank. This set-up is reminiscent of when Ralph Lauren first tried to step back from the CEO role of his namesake company while staying on in a creative position. The fashion mogul clearly had trouble releasing the reins, and it cost the company a highly capable CEO, Stefan Larsson.(2)Elsewhere in the apparel world, Ascena Retail Group Inc., corporate parent of Ann Taylor, Lane Bryant and other brands, probably will regret tapping an insider, Gary Muto, to replace David Jaffe. This company needs the kind of total overhaul that an outsider would be better equipped to pull off.CEO changes that promise business as usual: Electronics giant Best Buy is in good hands under Barry, a veteran executive of the chain who had served as its CFO and chief strategic growth officer. Thing is, the electronics giant was already in good hands under Joly, who had steered the chain through an improbable comeback. So expect steadiness for the retailer in the year ahead —by no means a bad thing. Same goes for McDonald’s: Even though it said goodbye to a successful CEO under far more soap-operatic circumstances, his replacement, Chris Kempczinski, is a close lieutenant poised to stick to the same playbook that has fueled the fast-food giant’s recent strength.CEO change wild card: It’s understandable that Tapestry Inc.’s board had lost confidence in recently departed CEO Victor Luis. The company that used to be named Coach has been struggling to boost the Kate Spade brand it acquired in 2017, a bad sign for a company intent on transforming into a luxury conglomerate. Luis has been replaced by Jide Zeitlin, a longtime Tapestry board member. He has little experience in the retail or fashion worlds, which is concerning. But his finance industry chops could prove invaluable in future deal-making — an essential ingredient in the company’s quest for growth.(1) The Challenger data in the chart is for the retail sector only. The apparel industry, which includes manufacturers such as Nike, is a separate category that also saw a particularly high number of exits in 2019. So far, apparel has 12 CEO exits, matching the 2015 annual total that was the highest this decade. Restaurants such as McDonald’s are included in the entertainment and leisure category in Challenger’s data.(2) Lauren seems to have settled into his new role alongside current CEO Patrice Louvet, who took that job in 2017 after Larsson’s exit.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Michael Newman at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
American Eagle is opening new stores, revamping existing ones, and shuttering underperforming ones, which is helping the company make share gains.
The San Francisco-based companies will bring the new on-demand service to customers in more than 4,000 cities across the country.
Old Navy announced a partnership with Postmates on Tuesday that will offer free delivery from stores from Dec. 21 through Dec. 23. The offer is available to customers using the buy-online-pickup-in-store option. Members of Postmates Unlimited can use free delivery throughout the remainder of the shopping season. The option is available in more than 4,000 U.S. cities. Customers can also use the option to pick up items from stores anytime. Old Navy is part of the Gap Inc. portfolio though a plan is in the works to spin off the retailer. Gap stock is down more than 39% over the past year while the S&P 500 index has gained 19% for the period.
Old Navy is teaming up with Postmates to make holiday shopping easier than ever by offering on-demand delivery for those who utilize the retailer's Buy Online, Pickup In-Store capability 1. The convenient shopping service enables customers to purchase items on OldNavy.com and pick them up in stores in a flash. With the added benefit of on-demand delivery exclusively powered by Postmates, Old Navy customers nationwide in the 4,000+ cities that Postmates operates in can save precious time by avoiding the holiday shopping crowds, and instead have their gifts brought right to their doorstep.
Winter Park will lose a major retail tenant at the start of next year. Gap Inc. (NYSE: GPS) is set to close its location at 400 South Park Ave. in Winter Park. A source confirmed with Orlando Business Journal that the store will close on Jan. 26.
Ben Rains dives into Lululemon (LULU) and Nike (NKE) to see if investors should consider buying either stock with the sportswear retailers set to report their quarterly results soon...
Lululemon has historically traded heavily around earnings. So, should investors consider buying LULU stock with the athleisure apparel giant set to report its Q3 fiscal 2019 results on Wednesday, December 11?
Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]
On the heels of World Aids Day and #GivingTuesday, Rolls-Royce, a subsidiary of BMW, announced that it has provided a bespoke red Phantom for auction by Sotheby's to benefit (RED). The winning bidder will have the opportunity to collaborate with contemporary artist Mickalene Thomas to create a custom wrap for their car, based on a work of art inspired by the car. "It is an honor and privilege to present this one of a kind commission created at the Home of Rolls-Royce in Goodwood, England," commented Martin Fritsches, president and CEO of Rolls-Royce Motor Cars Americas.
Klaus-Themed Post Offices Encourage Shoppers to Spread Joy to Neighbors and Loved Ones
Today, on Giving Tuesday, Jessica Alba helps raise awareness for Janie and Jack’s national donation campaign with Baby2Baby, a non-profit organization where she is a proud ambassador and board member, that provides children, ages 0-12 years, living in poverty with the basic necessities that every child deserves. As a call to action, to give back this holiday season, customers will have the opportunity to donate while checking out at Janie and Jack stores nationwide and online at janieandjack.com through December 31. "As a Baby2Baby Board Member, Ambassador and mom of three, I am committed to helping children living in poverty receive the basic essentials they deserve," said Jessica Alba.
While investing in any of the retail stocks could reward investors throughout Cyber Week, a diverse approach in a basket form can also be a great choice.
Gap (GPS) witnesses soft performance across all brands as well as weak traffic trends. Also, weak comps, strained margins, and higher expenses are added concerns.
Early data into the Yahoo Finance newsroom indicates Black Friday and holiday sales will break records. According to Adobe Analytics online retail sales on Thursday are expected to hit $4.4 billion. That would be up 18.9% year-over-year. But those profits won’t necessarily help those troubled retailers who are expected to close brick and mortar stores.
NEW YORK/WASHINGTON, Nov 29 (Reuters) - The frenzy associated with Black Friday shopping was missing this year as U.S. retailers offered earlier discounts and more consumers shopped online, though spot checks around the country showed traffic picked up after a sluggish morning. “It’s slow now because we had a big, big rush last night,” said Target electronics salesman Evan Houser, 22, in Chicago. Black Friday remains important for holiday shopping but its relevance is fading amid early promotions, with six fewer sales days between Thanksgiving and Christmas.