retail
Before the Covid-19 pandemic, Hong Kong was known as a “shopping paradise.” But since lifting all anti-epidemic measures early last year, the city has struggled to live up to its reputation. Last month, 70 per cent of small and medium enterprises surveyed by the Hong Kong Small and Medium Enterprises Association and Junior Chamber International Hong Kong said their income had dropped below pre-pandemic levels. “Factors such as the rising trend of northbound travel among Hongkongers, international trade disputes, the emigration wave, and labour shortages, have brought a considerable impact to t...
Hong Kong Free Press
Nike Inc (NYSE: NKE) has lost about 10% this year but a Deutsche Bank analyst is convinced the story moving forward will be a different one. Nike stock has upside to $115Krisztina Katai resumed coverage of Nike stock this morning with a “buy” rating. Her $115 price target suggests about a 22% upside from here. The Deutsche Bank analyst is bullish as the sports footwear and apparel firm has been devoted to innovation ahead of the Paris Olympics this year. Her research note reads: $NKE is at the onset of a multi-year innovation cycle that’s likely to deliver top-line growth ahead … with bigger s...
Invezz
Signet Jewelers Ltd (NYSE: SIG) is trading up in premarket on Thursday after reporting better-than-expected per-share earnings for its first quarter. Signet Jewelers offers encouraging guidanceThe stock is gaining also because the diamond jewelery chain issued upbeat guidance for the future. $SIG now forecasts its sales to fall between $6.66 billion and $7.02 billion on up to $11.52 a share of earnings in fiscal 2025. Analysts, in comparison, were at billion and $10.55 per share, respectively. Virginia C. Drosos – the chief executive of Signet Jewelers said in a press release today: Our result...
Invezz
GameStop Corp (NYSE: GME) is gaining at writing after short seller Citron Research said it has closed its entire position in the meme stock. Why did Citron close its short position in GameStop stock?Citron made the announcement this morning on X.com – confirming that the move has nothing to do with the video gaming merchandise retail’s fundamentals. It’s not because we believe in a turnaround for the company fundamentals will ever happen, but with $4 billion in the bank, they have enough runway to appease their cult-like shareholders. Citron closed its short position in $GME at a profit, as pe...
Invezz
LVMH, Kering, and Pernod Ricard stocks retreated on Wednesday as investors braced for retaliation from China. Kering, the parent company of Gucci, plunged by over 1.1% while Pernod Ricard fell by 0.75%. LVMG shares retreated by 0.35%. Other European companies exposed to China like Remy Cointreau, Stellantis, Hermes, and L’Oreal also retreated sharply. This crash happened after the European Commission said that it would impose a 25% tariff on Chinese electric vehicles (EV). The commission argues that Chinese EV companies benefit from state support, which explains why they are significantly chea...
Invezz
The Tesco (LON: TSCO) share price has continued to fire on all cylinders this year as its performance remained steady. It has jumped by over 11% this year, outperforming other British retailers like Marks and Spencer (MKS) and Sainsbury (SBRY). Tesco’s business is doing wellTesco, the biggest British retailer is performing well as the country’s inflation retreated and wage growth continued growing. Economic data by the Office of National Statistics (ONS) showed that the country’s wages with bonuses rose by 5.9% in April, higher than the expected 5.7%. Excluding bonuses, the country’s wages jum...
Invezz
Il famoso investitore Jim Cramer è elogiato per Deckers Outdoor Corp (NYSE: DECK) che ha superato i 1.000 dollari per azione per la prima volta dopo aver pubblicato venerdì il suo rapporto sugli utili trimestrali. Cramer afferma che HOKA è un marchio incredibileCramer concorda sul fatto che HOKA non è paragonabile a Nike in termini di vendite, ma afferma che il colosso delle calzature dovrebbe comunque esserne “spaventato”. Questo perché HOKA ha uno slancio incredibile e “il business delle scarpe è stato storicamente un business di grande slancio”. Oggi il conduttore di Mad Money ha espresso f...
Invezz - IT
Il prezzo delle azioni Abercrombie & Fitch ( NYSE: ANF ) è salito a un livello record mentre gli investitori attendono gli utili del primo trimestre previsti per il 29 maggio. È salito fino a un massimo di $ 150, portando i guadagni da inizio anno al 70%. Inoltre è aumentato di oltre il 553% negli ultimi 12 mesi, rendendolo il miglior titolo al dettaglio negli Stati Uniti. Gli addetti ai lavori di Abercrombie & Fitch stanno vendendoAbercrombie & Fitch, un rivenditore focalizzato sui millennial, ha ottenuto buoni risultati grazie alla forte crescita dei ricavi e della redditività. Le sue entrat...
Invezz - IT
Famed investor Jim Cramer is all praise for Deckers Outdoor Corp (NYSE: DECK) that surpassed $1,000 per share for the first time after posting its quarterly earnings report on Friday. Cramer says HOKA is an incredible brandCramer agrees that HOKA is not comparable to Nike in terms of sales but said the footwear giant should still be “scared” of it. That’s because HOKA has incredible momentum and “the shoe business has historically been a momentum business”. The Mad Money host expressed confidence in the leadership of David Powers on CNBC’s “Squawk on the Street” today and said “no one can touc...
Invezz
Walmart Inc (NYSE: WMT) scrive in verde dopo aver annunciato la fine del suo accordo pluriennale con Capital One Financial Corp (NYSE: COF). Cosa significa per i titolari di carte esistenti?$COF emette esclusivamente carte di credito al consumo Walmart dal 2019. L’anno scorso, tuttavia, il colosso del commercio al dettaglio lo ha accusato di essere troppo lento nel sostituire le carte perse e nel far apparire le transazioni sui conti dei titolari delle carte. Anche se Walmart ha ora deciso di separarsi da Capital One, ciò non cambia immediatamente le cose per i titolari di carte esistenti, com...
Invezz - IT
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